PENSION PROGRAM. Section 1. The Employer shall pay into the Service Employees International Union National Industry Pension Fund $4.00 per eligible hour paid with a maximum annual contribution limited to 2080 hours per calendar year, on account of each member of the bargaining unit, said amount to be computed monthly. Eligible hours paid include regular time, overtime, double-time, holiday, vacation, paid sick leave, military leave, paid bereavement leave, and jury duty. The total amount due for each calendar month shall be remitted in a lump sum not later than twenty (20) days after the last business day of such month. The Employer agrees to abide by such rules as may be established by the Trustees of said trust fund to facilitate the determination of hours for which contributions are due; the prompt and orderly collection of such amounts and the accurate reporting and recording of such hours and such amounts paid on account of each member of the bargaining unit. Failure to make all payments herein provided for within the specified time shall be a breach of this Agreement. The Employer hereby agrees to be bound by the provisions of the Agreement and Declaration of Trust establishing the Fund, as it may from time to time be amended, and by all resolutions and rules adopted by the Trustees pursuant to the powers delegated to them by that agreement, including collection policies, receipt of which is hereby acknowledged. The Employer hereby designates the Employer members of the Fund's Board of Trustees, or their duly selected successor(s), as its representatives on the Board. The parties to this Agreement adopt the Preferred Schedule of benefit changes and contribution increases provided in the Rehabilitation Plan adopted by the Service Employees International Union National Industry Pension Fund and set out in a memorandum dated November 25, 2009. Should the Employer consider at any time during the term of this agreement to permanently cease to contribute to the Service Employees International Union National Industry Pension Fund, such decision shall be made by mutual agreement between the parties and require contributions at the rate of $4.00 per eligible hour for which a member of the bargaining unit is paid, as described in the first paragraph above, to be made to an alternative retirement plan. Mutual agreement will not be unreasonably withheld.
PENSION PROGRAM. The Employer agrees to pay to the Amalga mated Meat Cutters’ and Butcher Workmen of North America, Local 88, & Food Employers and Allied Industry Pension Fund eight dollars ($8.00) per week for each employee covered by this Agreement who works ninety-two (92) hours per month during the preceding month, said payments to be made to the Fund Office on or before the tenth (10th) of each month. It is further agreed that this Trust, details of which are set forth in a separate Agreement, is hereby made an integral part of this Agreement.
PENSION PROGRAM. A. The Employer shall pay twenty-six dol lars ($26.00) per month for employees who work an average of twenty-four (24) hours or more per week for the previous month into a jointly administered Employer-Union Pension Fund. To arrive at the twenty-four (24) hour per week average, the following method will be used: In months containing four (4) week endings, the hours worked in those four (4) weeks will be totaled and divided by 4. In those months hav ing five (5) week endings, the total hours worked in those five (5) weeks will be totaled and divided by 5.
PENSION PROGRAM. Year Current 3/1/2021 3/1/2022 3/1/2023 3/1/2024 Rate $4.75 $4.80 $4.90 $5.00 $5.05 It is hereby understood and agreed:
PENSION PROGRAM. Section 19.1 The parties agree that employees covered by this Agreement shall participate in the SEIU National Industry Pension Plan Fund ("Fund"), and that each Employer, the Union and the employees shall abide and be governed by the provisions of the Trust Agreement as amended.
PENSION PROGRAM. Upon commencement of employment, all employees will become participants in the Public Employees Retirement System (PERS). The PERS program provides for life insurance coverage. Rights, benefits, qualifications and restrictions and/or conditions are all established by the Public Employees Retirement System and shall be in accordance with applicable law. Upon commencement of employment, it is the obligation of the employee to contact the Human Resources Office to complete the necessary application forms, prior to employee eligibility dates.
PENSION PROGRAM. It is hereby understood and agreed that:
PENSION PROGRAM. 43.1 The Employer agrees to participate in the Local 780 IATSE Pension Fund (“Pension Fund”). The parties agree to be bound by all of the terms and provisions of the Local 780 Pension Fund Agreement and Declaration of Trust and any current or future amendments (“Trust Agreement”). The Employer agrees to accept the current and their successor Employer Trustees. Said parties further agree to be bound by all acts that the Trustees perform pursuant to said Trust Agreement.
PENSION PROGRAM. A. Each Employer signatory to this Agreement shall pay into the Sign, Pictorial and Display Pension Program for each hour paid or owed for employees covered by this Agreement, $3.50. The Union may defer wages to the Pension plan during the term of this Agreement.
PENSION PROGRAM. Immediately upon the Borrower's --------------- realization of Net Cash Proceeds attributable to the termination of the Ethyl Corporation Pension Plan, the Borrower shall prepay the Loans in an aggregate amount equal to 100% of the Net Cash Proceeds received from such plan (such prepayment to be applied as set forth in clause (vii) below).
