Pension Plan Contribution. The Employer shall make contributions at the rate set forth in Schedule "A" per hour for which wages are earned hereunder by each employee within the scope of this Agreement to the Operating Engineers' Pension Plan. This contribution will be based on hours earned, i.e., time and one-half or two times the contribution rate for overtime hours. The Operating Engineers' Benefits Plan and Pension Plan shall be controlled by a Board of Trustees composed of eight (8) representatives designated by the Union. The Employer agrees to be bound by the terms of the Trust Agreement. The Employer is required to report on the forms provided by the Benefits Plan and Pension Plan. Contributions must be forwarded by the Employer to the Operating Engineers' Benefits Plan and Pension Plan by the fifteenth (151h) day of the month following that which contributions cover. In the event an employer fails to remit contributions to this Plan, in conformity with this section of the Agreement, the Union is free to take any economic action it deems necessary against such Employer, and such action shall not be considered a violation of this Agreement. The Business Representative of Local 115 may inspect, during regular business hours, an Employer's record of time worked by employees and contributions made to the Plan. Payments to the Benefits Plan and Pension Plan shall be made by cheque or electronic means, payable at par at Burnaby, Province of British Columbia, to the Operating Engineers' Benefits Plan and Pension Plan in any form acceptable to the Union. Crane Rental Agreement May 1, 2019 to April 30, 20 Other personnel of the Employers party to this Agreement may become Associate Members as provided for in the Trust Agreement and will be subject to the regulations as provided by the Trustees from time to time. Benefits which will be provided under this Plan are as follows:
Pension Plan Contribution. Rates During the 10/1/2019 – 9/30/2020 Plan Year The required contribution rates to the Pension Plan during the October 1, 2019 through September 30, 2020 plan year are determined as follows:
Pension Plan Contribution. During the term of this MOU, for Tier I eligible employees, the City shall pay the employer’s and the eligible employee’s monthly retirement contributions required to be paid to the Utah State Retirement Fund at the contribution rate determined or adjusted by the Utah State Retirement Board. For eligible employees hired after July 1, 2011 and enrolled in the Tier 2 Public Safety Retirement System, as defined in state code, the City shall make the contributions to the Tier 2 Hybrid Retirement System or the Tier 2 Defined Contribution Plan pursuant to the eligible employee’s election and as required by the statute. The City will make available a Section 457 and 401k (IRS Code) Deferred Compensation Plan and where possible other deferred compensation plans consistent with state and federal laws.
Pension Plan Contribution. At the Closing, Buyer shall pay to Seller an amount in cash equal to the Pension Plan Contribution and, from and after the Closing, Seller shall retain all Liabilities related to or arising under the Pension Plan and Buyer shall not have any Liability relating thereto.
Pension Plan Contribution. On or before the earlier of (i) September 15, 2017 or (ii) the last Business Day prior to the Closing Date, Seller shall make an employer contribution of $15,000,000 to the Southwest Ambulance Pension Plan.
Pension Plan Contribution. Throughout the currency of this Agreement, the Employer shall contribute an amount equal to €12,857 per annum, in equal monthly installments, to an RRSP/RPP plan of the Employee’s choosing.
Pension Plan Contribution. FOR JOURNEYMEN Effective January 1, 2002, the Employer will pay to the Iron Workers Ontario Pension Fund, as established by a Trust document dated June 9, 1966 and as subsequently amended, the following amounts for each hour earned by the employee working under this Agreement: October 1, 2019 $5.08 October 1, 2020 $5.08 October 1, 2020 $5.08 NOTE: changes to these amounts during the term of the Agreement may be made by the Agreement of the parties. Time and a half and double the amounts specified in 20.02 will be paid for all overtime hours in accordance with Article 4.02.
Pension Plan Contribution. During the life of this Agreement, the employee contribution for unit employees shall be one (1) percent of total compensation, as that term is defined in the pension plan. The City contribution shall be a sum equal to the amount required by Florida Statute 185.07(1)(d).
Pension Plan Contribution. A. Subject to 15.16(D) below, the City shall continue to participate in the Florida Statutes Chapter 185 Defined Benefit Pension Plan.
Pension Plan Contribution. EXCEPTIONS The employers undertake to effect the below change relative to the defined contribution pension plan contained in Appendix “D”. In the event that this change may be implemented within the terms of the plan and may be reasonably administered then this change will be made. An employee that is participating in the defined contribution pension plan who becomes eligible to participate at a higher rate in accordance with Appendix “D” and requests in writing to contribute to the plan at a lower rate than specified will be permitted to do so. Such employee may later notify the employer in writing that they wish to increase their contribution rate up to the rate specified within Appendix “D”. In any event, the Employer will match such employee’s contribution at the same rate. The minimum contribution rate shall in any event be 10 cents.
