Pension Trust. The Pension Trust collects contributions from Employers made on behalf of individual employees for both the U. A. Local 38 Defined Benefit Plan and the U. A. Local 38 Defined Contribution Plan (Section 401(a). The terms of both the Defined Benefit Plan and the Defined Contribution Plan providing retirement and death benefits for eligible employees are set forth in booklets available at the Trust Fund office. The trust may be amended where feasible to provide for participation in the United Association Umbrella Pension Plan. Any payments made to retirees by the U. A. Local 38 Pension Trust Fund which are in addition to regular accrued vested benefits, such as for example, the Annual Retirees Week, including the Multiphasic Examination, etc shall be made only to those retirees who are members in good standing of Local Union 38. This provision to be effective July 1, 1998. .
Pension Trust. Pension Trust, when immediately preceded by “Xxxx-XxXxx,” means the trust that is exempt from taxation under Code section 501(a) that holds the assets of the Xxxx-XxXxx Retirement Plan and forms a part of the Xxxx-XxXxx Retirement Plan. When immediately preceded by “Tronox,” Pension Trust means the trust that is exempt from taxation under Code section 501(a) that holds the assets of the Tronox Retirement Plan and forms a part of the Tronox Retirement Plan.
Pension Trust. Subsection (a). The Employer agrees to contribute to the International Brotherhood of Electrical Workers Local 684 Pension Trust A the sum indicated in Appendix A for each hour worked by all employees working under the terms of this Agreement. The undersigned further agrees to be bound by all the terms and provisions of that Trust and of the Pension Plan adopted pursuant thereto, specifically including the provisions of that document setting forth the due dates and place of payment of contributions, and imposing liquidated damages. The Trustees may require a surety bond in the event of delinquent contributions. Contributions shall not be made to the Pension Trust during an Apprentice’s first two (2) periods. Subsection (b). The Employer agrees to contribute to the International Brotherhood of Electrical Workers Local 684 Pension Trust Part B the sum indicated in Appendix A for each hour worked by all employees working under the terms of this Agreement. The undersigned further agrees to be bound by all the terms and provisions of the Trust and of the Pension Plan adopted pursuant thereto, specifically including the provisions of that Document setting forth the due dates and place of payment of contributions, and imposing liquidated damages. The Trustees may require a surety bond in the event of delinquent contributions. Contributions shall not be made to the Annuity Trust during the Apprentice’s first two (2) periods. Such benefits shall be paid monthly into the Trust Fund. Future changes in the Pension Plan shall be either deducted from or added to (in the event of elimination of a benefit), the basic employee wage. Effective July 1, 2015, Class’s I-V are eliminated from the Agreement. Instead, there shall be one mandatory employer contribution rate as set forth in the attached wage rates and zones sheet (except apprentices, which have a lower contribution rate) as amended. Effective April 1, 2015, the IBEW Local 684 Defined Contribution Plan shall be converted to a 401 (k) Plan.
Pension Trust. The Employer agrees to be bound by the provisions of the Agreement and Declaration of Trust establishing the Atlanta Iron Workers Local Union No. 387 Pension Fund and amendments thereto and hereby agrees to its incorporation into this Agreement. In addition to the hourly base wage rates shown in Article 17 of this Agreement, the Employer agrees to pay the amount listed per hour to Pension Contribution to the jointly administered Fund for retirement benefits as determined by the Fund Trustees. Pension contributions may not be added to employee pay.
Pension Trust. Subsection (a) The Employer agrees to comply with the terms of the IBEW Local 595 Pension Trust Agreement, as it may from time to time be amended, and any individual Employer record-keeping requirements as are or may be required by ERISA. Copies of the Alameda County Electrical Workers Pension Trust and Plans are available at the office of the Trust Administrator, the office of Local Union 595, or the office of the Northern California Chapter, NECA. No amendment of the Plan or Trust shall preclude the continued participation or commencement of participation of any Employer or employee of a type previously permitted to participate in the Trust and to have contributions made to the Trust and benefits provided under the terms of any Plan adopted by the parties.
Pension Trust. Effective June 1, 1998, the Employer agrees to pay for each employee covered by this Agreement on the first working day of each month, excluding calendar days that are not working days, the sum of $80.50 per month. Such monthly payment shall be made for every calendar month and on or before the 10th day of each such month. Newly hired and recalled employees beginning work on the first working day of each month, excluding calendar days that are not working days, shall also be covered by the provisions of this paragraph. If an employee is absent because of illness or off-the-job injury and notifies the Employer of such absence, the Employer shall make the required contribution of one (1) month. If an employee is injured on the job, the Employer shall continue to pay the required contributions until such employee returns to work; however, such contributions shall not be paid for a period of more than six (6) months. The Pension Plan, as amended, has been approved by the U.S. Internal Revenue Service as a qualified Pension Plan, and contributions made to the Trustees do not constitute taxable income to the employees participating therein and do constitute a taxable deduction to the Employer. The Employer shall be under no obligation to see to the application of such moneys as are paid into said Pension Trust, but said Trust shall be audited annually by a reputable Certified Public Accountant without expense to the Employer.
Pension Trust. 21. I.R.S. Required Modifications ........................................................................................
Pension Trust. This contribution includes the regular contribution amount from Exhibit D, and the Pension Recovery Contribution.
Pension Trust. The pension trust will be the Michigan Municipal Employees Retirement System (MERS) B-2 - F55(30) - E2, effective November 1, 1997. Each employee's contribution to the pension plan will be three percent (3%) of their wages, until such time as the Unfunded Accrued Liability is 1000/0 funded. After this point, the
