Common use of Pensions committee Clause in Contracts

Pensions committee. The parties agree to form a joint committee to examine the NSASP scheme and seamen’s pension and, if relevant, propose modifications thereto. The examination shall be made in relation to the pension schemes which come under the pension schemes provisions of the Taxation Act. The joint committee shall terminate its work by 1 December 2004, and any modifications agreed by the parties shall as a main rule be made applicable from 1 June 2004. From negotiation protocol minutes 2012: Due to the introduction of the new AFP (contractual pension) / National Insurance model and the uncertainty concerning the future of the seafarers' pension, the parties agreed to extend the mandate of the “Pension committee” cf. Appendix 4 to the collective agreement and the National Mediators protocol for the settlement in 2009, chapter 2 Pension. Demands for this purpose can be made in the 2nd year negotiations in (2013) with the right to initiate collective stoppages. The parties are in agreement on the principle that the companies’ total average pension contributions shall be the same for foreign employees as for Norwegian employees. The parties are in agreement on the following: The total pension expenditure for foreign employees in the period of validity of the current collective agreement shall represent 15 % of the standard pay for the individual employees. The percentage is based on the assumed average cost of Norwegian employees, which at present includes the contribution to the seamen’s pension, supplementary pension, ”the 62 years scheme” and service pension. The shop stewards in the company shall take part in talks about the company’s pension contributions and placements in this connection. The parties note that this may give rise to highly complex matters, both legally and financially, and recommend that the companies use advisors in this process. The parties are in agreement that the stipulated percentage shall cover all company expenditure in establishing and maintaining pension schemes for foreign employees, including costs of establishment, operating costs and any taxation liability or failure to make deductions on the part of the company, as seen in relation to the Norwegian schemes.

Pensions committee. The parties agree to form a joint committee to examine the NSASP scheme and seamen’s pension and, if relevant, propose modifications thereto. The examination shall be made in relation to the pension schemes which come under the pension schemes provisions of the Taxation Act. The joint committee shall terminate its work by 1 December 2004, and any modifications agreed by the parties shall as a main rule be made applicable from 1 June 2004. From negotiation protocol minutes 2012: Due to the introduction of the new AFP (contractual pension) / National pension)/National Insurance model and the uncertainty concerning the associated with future of the seafarers' seamen’s pension, the parties agreed agree to extend the mandate of the “Pension contractual pension committee” , cf. Appendix Annex 4 to the collective agreement Collective Agreement and the Office of the National Mediators protocol Mediator’s ledger for the settlement in 20092009 settlement, chapter Item 2 Pension. Demands for Claims in this purpose connection can be made in raised during the regulation negotiations for the 2nd agreement year negotiations in (201320 I3) with the right to initiate an option for notifying a collective stoppageswork stoppage. The parties are in agreement on the principle that the companies’ total average pension contributions shall be the same for foreign employees as for Norwegian employees. The parties are in agreement on the following: The total pension expenditure for foreign employees in the period of validity of the current collective agreement shall represent 15 9 % of the standard pay for the individual employees. The percentage is based on the assumed average cost of Norwegian employees, which at present includes the contribution to the seamen’s pension, supplementary pension, ”the 62 years scheme” and service pension. The shop stewards in the company shall take part in talks about the company’s pension contributions and placements in this connection. The parties note that this may give rise to highly complex matters, both legally and financially, and recommend that the companies use advisors in this process. The parties are in agreement that the stipulated percentage shall cover all company expenditure in establishing and maintaining pension schemes for foreign employees, including costs of establishment, operating costs and any taxation liability or failure to make deductions on the part of the company, as seen in relation to the Norwegian schemes.