Common use of Principles Governing the Academic and Administrative Pension Plan Clause in Contracts

Principles Governing the Academic and Administrative Pension Plan. The parties agree that the pension plan defines a form of deferred compensation which exists for the sole benefit of the members of the pension plan and their beneficiaries. Any surplus shall be used for the benefit of the members and their beneficiaries.

Appears in 19 contracts

Samples: Collective Agreement, Collective Agreement, www.urfa.ca

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Principles Governing the Academic and Administrative Pension Plan. The parties agree that the pension plan defines a form of deferred compensation which exists for the sole benefit of the members of the pension plan and their beneficiaries. Any surplus shall will be used for the benefit of the members and their beneficiaries.

Appears in 4 contracts

Samples: Memorandum of Agreement, Memorandum of Agreement, www.urfa.ca

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