Common use of Registered Retirement Savings Plans Clause in Contracts

Registered Retirement Savings Plans. The Employer shall administer a registered retirement savings plan through payroll deductions with the Ontario Teachers’ Group. Teachers contributing to an RRSP payroll deduction plan may participate in a monthly contribution program via payroll deduction.

Registered Retirement Savings Plans. The Employer shall administer a registered retirement savings plan through payroll deductions with the Ontario Teachers’ Group. Teachers contributing to an RRSP payroll deduction plan may participate in a monthly contribution program as well as, or in place of, an annual contribution via payroll deduction. The Employer’s only responsibility would be to deduct and remit contributions and would be saved harmless from any other implications with respect to the establishment of these particular plans.

Registered Retirement Savings Plans. The Employer Board shall administer a registered retirement savings plan through payroll deductions with the Ontario Teachers’ Group. Teachers contributing to an RRSP payroll deduction plan may participate in a monthly contribution program as well as, or in place of, an annual contribution via payroll deduction. The Board’s only responsibility would be to deduct and remit contributions and would be saved harmless from any other implications with respect to the establishment of this particular plan.