Common use of Remittance of Contribution Clause in Contracts

Remittance of Contribution. (a) All Employer and employee required contributions shall be paid not later than ten (10) days after the end of the last two (2) complete payroll periods for the preceding month. The remittance shall be made in accordance with statutory regulations contained in Section 37 of the Pension Benefits Standards Act (RCBC 1991). (b) The Pension Remittance Report submitted by the Employer shall be sent on computer disc in an Excel spreadsheet or in ASCII format. (c) In the event that an Employee leaves the BCGEU Pension Plan due to retirement, the Employer, upon request by the employee, agrees that all employee and Employer required contributions to the Pension Fund in respect of that employee shall be received by the Pension Fund no later than the last working day of the month in which the employee retires.

Remittance of Contribution. (a) All Employer employer and employee required contributions shall be paid not later than ten (10) days after the end of the last two (2) complete payroll periods for the preceding month. The remittance shall be made in accordance with statutory regulations contained in Section 37 of the Pension Benefits Standards Act (RCBC 1991). (b) The Pension Remittance Report submitted by the Employer shall be sent on computer disc in an Excel spreadsheet or in ASCII format. (c) In the event that an Employee employee leaves the BCGEU BC Target Benefit Pension Plan due to retirement, the Employer, upon request by the employee, agrees that all employee and Employer employer required contributions to the Pension Fund in respect of that employee shall be received by the Pension Fund no later than the last working day of the month in which the employee retires.