Common use of PENSION PLAN TRUST FUND Clause in Contracts

PENSION PLAN TRUST FUND. THE EMPLOYEE WILL CONTRIBUTE TO THE PENSION PLAN TRUST FUND THE SUM OF FIFTY CENTS ($0.50) FOR EVERY HOUR WORKED DURING THE REGULAR HOURS OF WORK. THE EMPLOYEE WILL CONTRIBUTE TO THE PENSION PLAN TRUST FUND THE SUM OF ONE DOLLAR ($1.00) PER HOUR FOR EVERY OVERTIME HOUR WORKED. A PARTICIPATING EMPLOYER WILL CONTRIBUTE THE SUM OF SIX DOLLARS AND FOURTEEN CENTS ($6.14) BY EACH EMPLOYEE DURING THE REGULAR HOURS OF WORK. EFFECTIVE JULY 1, 2017 THIS CONTRIBUTION WILL INCREASE TO SIX DOLLARS AND FORTY-FIVE CENTS ($6.45), AND EFFECTIVE JULY 1, 2018 WILL INCREASE TO SIX DOLLARS AND SEVENTY-SEVEN CENTS ($6.77). A PARTICIPATING EMPLOYER WILL CONTRIBUTE DOUBLE THE AMOUNT FOR ALL OVERTIME HOURS WORKED BY EACH EMPLOYEE, MAKING THE CONTRIBUTION FOR THE EMPLOYER TWELVE DOLLARS AND TWENTY-EIGHT CENTS ($12.28) PER HOUR. EFFECTIVE JULY 1, 2017 THIS CONTRIBUTION WILL INCREASE TO TWELVE DOLLARS AND NINETY CENTS ($12.90), AND EFFECTIVE JULY 1, 2018 WILL INCREASE TO THIRTEEN DOLLARS AND FIFTY-FOUR CENTS ($13.54). CONTRIBUTIONS WILL BE REMITTED IN THE SAID AMOUNTS AND IN THE MANNER SPECIFIED IN ARTICLE 20.14 OF THIS AGREEMENT AND IN ACCORDANCE WITH THE TRUST AGREEMENT MENTIONED HEREAFTER. WHEN REMITTING TO THE N. B. PIPE TRADES ADMINISTRATION OFFICE THE EMPLOYER HOURS SHALL CLEARLY SHOW ALL HOURS WORKED AT REGULAR TIME AND ALL HOURS WORKED AT DOUBLE TIME ON PROPER FORMS SUPPLIED FOR THIS PURPOSE.

PENSION PLAN TRUST FUND. THE EMPLOYEE WILL CONTRIBUTE TO THE PENSION PLAN TRUST FUND THE SUM OF FIFTY CENTS ($0.50) FOR EVERY HOUR WORKED DURING THE REGULAR HOURS OF WORK. THE EMPLOYEE WILL CONTRIBUTE TO THE PENSION PLAN TRUST FUND THE SUM OF ONE DOLLAR ($1.00) PER HOUR FOR EVERY OVERTIME HOUR WORKED. A PARTICIPATING EMPLOYER WILL CONTRIBUTE THE SUM OF SIX SEVEN DOLLARS AND FOURTEEN ELEVEN CENTS ($6.147.11) PER HOUR WORKED BY EACH EMPLOYEE DURING THE REGULAR HOURS OF WORK. EFFECTIVE JULY 1, 2017 2020 THIS CONTRIBUTION WILL INCREASE TO SIX SEVEN DOLLARS AND FORTY-FIVE SEVEN CENTS ($6.457.47), AND EFFECTIVE JULY 1, 2018 2021 WILL INCREASE TO SIX SEVEN DOLLARS AND SEVENTYEIGHTY-SEVEN FOUR CENTS ($6.777.84). A PARTICIPATING EMPLOYER WILL CONTRIBUTE DOUBLE THE AMOUNT FOR ALL OVERTIME HOURS WORKED BY EACH EMPLOYEE, MAKING THE CONTRIBUTION FOR THE EMPLOYER TWELVE FOURTEEN DOLLARS AND TWENTY-EIGHT TWO CENTS ($12.2814.22) PER HOUR. EFFECTIVE JULY 1, 2017 2020 THIS CONTRIBUTION WILL INCREASE TO TWELVE FOURTEEN DOLLARS AND NINETY NINETY-FOUR CENTS ($12.9014.94), AND EFFECTIVE JULY 1, 2018 2021 WILL INCREASE TO THIRTEEN FIFTEEN DOLLARS AND FIFTYSIXTY-FOUR EIGHT CENTS ($13.5415.68). CONTRIBUTIONS WILL BE REMITTED IN THE SAID AMOUNTS AND IN THE MANNER SPECIFIED IN ARTICLE 20.14 20.16 OF THIS AGREEMENT AND IN ACCORDANCE WITH THE TRUST AGREEMENT MENTIONED HEREAFTER. WHEN REMITTING TO THE N. B. PIPE TRADES ADMINISTRATION OFFICE THE EMPLOYER HOURS SHALL CLEARLY SHOW ALL HOURS WORKED AT REGULAR TIME AND ALL HOURS WORKED AT DOUBLE TIME ON PROPER FORMS SUPPLIED FOR THIS PURPOSE.

PENSION PLAN TRUST FUND. THE EMPLOYEE WILL CONTRIBUTE TO THE PENSION PLAN TRUST FUND THE SUM OF FIFTY CENTS ($0.50) FOR EVERY HOUR WORKED DURING THE REGULAR HOURS OF WORK. THE EMPLOYEE WILL CONTRIBUTE TO THE PENSION PLAN TRUST FUND THE SUM OF ONE DOLLAR ($1.00) PER HOUR FOR EVERY OVERTIME HOUR WORKED. A PARTICIPATING EMPLOYER WILL CONTRIBUTE THE SUM OF SIX SEVEN DOLLARS AND FOURTEEN ELEVEN CENTS ($6.147.11) BY EACH EMPLOYEE DURING THE REGULAR HOURS OF WORK. EFFECTIVE JULY 1, 2017 2020 THIS CONTRIBUTION WILL INCREASE TO SIX SEVEN DOLLARS AND FORTY-FIVE SEVEN CENTS ($6.457.47), AND EFFECTIVE JULY 1, 2018 2021 WILL INCREASE TO SIX SEVEN DOLLARS AND SEVENTYEIGHTY-SEVEN FOUR CENTS ($6.777.84). A PARTICIPATING EMPLOYER WILL CONTRIBUTE DOUBLE THE AMOUNT FOR ALL OVERTIME HOURS WORKED BY EACH EMPLOYEE, MAKING THE CONTRIBUTION FOR THE EMPLOYER TWELVE FOURTEEN DOLLARS AND TWENTY-EIGHT TWO CENTS ($12.2814.22) PER HOUR. EFFECTIVE JULY 1, 2017 2020 THIS CONTRIBUTION WILL INCREASE TO TWELVE FOURTEEN DOLLARS AND NINETY NINETY-FOUR CENTS ($12.9014.94), AND EFFECTIVE JULY 1, 2018 2021 WILL INCREASE TO THIRTEEN FIFTEEN DOLLARS AND FIFTYSIXTY-FOUR EIGHT CENTS ($13.5415.68). CONTRIBUTIONS WILL BE REMITTED IN THE SAID AMOUNTS AND IN THE MANNER SPECIFIED IN ARTICLE 20.14 20.16 OF THIS AGREEMENT AND IN ACCORDANCE WITH THE TRUST AGREEMENT MENTIONED HEREAFTER. WHEN REMITTING TO THE N. B. PIPE TRADES ADMINISTRATION OFFICE THE EMPLOYER HOURS SHALL CLEARLY SHOW ALL HOURS WORKED AT REGULAR TIME AND ALL HOURS WORKED AT DOUBLE TIME ON PROPER FORMS SUPPLIED FOR THIS PURPOSE.