Retiree Benefit Fund. 5. (a) The Contractors agree to pay into the Operating Engineers’ Local 324 Retiree Benefit Fund the sum of forty-five cents ($.45) per hour for each hour paid such employee doing work covered by this Agreement. All contributions to said Fund shall be computed on actual hours paid, without regard to whether the employee was paid on straight-time or overtime. These contributions shall be deposited each month or at such other regular intervals as may be determined by the Trustees of said Retirees Benefit Fund, to such depository as may be designated by the Trustees.
Retiree Benefit Fund. The Employer agrees to contribute the per hour worked by each employee covered by this Agreement and remit into the Local 183 Retiree Benefit Trust Fund for the purpose of purchasing benefits as contemplated by the agreement and Trust establishing the said Retiree Benefit Funds as follows: April 1, 2022 April 1, 2023 April 1, 2024 $0.03 per hour $0.03 per hour $0.03 per hour The Employer shall remit the deducted contributions to the Retiree Benefit Fund monthly, together with a duly completed Employer’s Report Form by the fifteen (15th) day of the month following the month for which the payment is due.
Retiree Benefit Fund. (a) Effective September 1, 2012, each Contractor agrees to pay into the Operating Engineers Local 324 Retiree Benefit Fund the sum of forty-five cents ($.45) per hour for each hour paid each employee covered by this Agreement.
Retiree Benefit Fund. (a) The Employer agrees to pay into the Operating Engineers' Local No. 324 Retiree Benefit Fund for each hour paid for each Employee covered by this Agreement, in accordance with the schedule in Article VII. All contributions to said Fund shall be computed on actual hours paid, without regard to whether the Employee was paid on straight time or overtime. These contributions shall be deposited each month or at such other regular intervals as may be determined by the Trustees of said Retiree Benefit Fund, to such depository as may be designated by the Trustees.
Retiree Benefit Fund. The Employer agrees to pay from each employee covered by this Agreement and remit on their behalf into the Labours’ Local 183, Retiree Benefit Fund, the flowing sums: Retiree Benefit Fund Contributions Per Employee April 1, 2020 April 1, 2021 April 1, 2022 $6.50/month $6.50/month $6.50/month The employer shall remit contributions to the Labourers’ Local 183, Retiree Benefit Trust Fund monthly, together with a duly completed Employer’s Report Form, by the fifteenth (15th) of the month following the month for which the payment is due. Each monthly contribution shall include all obligations arising from hours worked up to the close of the Employers’ payroll ending nearest to the last day of the preceding month.
Retiree Benefit Fund. Contributions to the Retiree Benefit Fund shall be contingent upon and subject to obtaining and retaining such approval of the Internal Revenue Service as may be necessary to establish the deductibility for income tax purposes of any and all contributions made by the Employers as being qualified for tax exemption under applicable provisions of the Internal Revenue Code.
Retiree Benefit Fund. The Employer agrees to deduct from each active regular full-time and part-time employee and remit to the Local 183 Retiree Benefit Trust Fund for the purpose of purchasing benefits as contemplated by the Agreement and Trust establishing the said Retiree Benefit Fund as follows: August 1, 2021 August 1, 2022 $ 0.03/HR $ 0.03/HR The Employer sh Retiree Benefit Fund monthly, Form, by the fifteenth (15th) of the month following the month for which the payment is due. Each monthly contribution shall include all obligations arising from hours worked up to the close o nearest to the last day of the preceding month. is strictly limited to article. r the Retiree Benefit Funds as set out above ibutions as set out in this AP BENEFITS Basic Life: $10,000 Accidental Death & Dismemberment: Up to $10,000 Cost of this benefit: 55% Company Paid. 45% Employee Paid. Medical Plan: Annual Deductible: Single: $25 per calendar year Family: $25 per person to a maximum of $75 per family per calendar year Annual Prescription Maximum: $2,000 per person per calendar year Reimbursement Level: 90% of reasonable and customary expenses for eligible medically necessary services, supplies and prescription drugs. Prescription drugs will be covered to a maximum of the cost of the equivalent generic drug product. The only exception to this rule will be if t prescription for a brand name term used to describe a drug product that is equivalent to a brand name drug. Vision care: $200 per person per 24 months, including up to $35 for the cost of an eye exam Hearing Aids: $500 per person every 5 years Annual Maximum: Unlimited, except where applicable for specified services and supplies and subject to overall Lifetime Maximum Lifetime Maximum: $100,000 Cost of this benefit: 55% Company Paid. 45% Employee Paid Dental Plan: Annual Deductible: Nil Reimbursement Level: Basic and Major Restorative (Periodontal Services) 90% of eligible expenses according to the Current Provincial Dental Fee Guide. Annual Maximum: Unlimited TMJ 50% of eligible expenses to a $1,000 Lifetime Maximum per person Lifetime Maximum: Unlimited excluding TMJ Cost of this benefit: 55% Company Paid. 45% Employee Paid Short Term Disability: The purpose of the benefit is to provide income replacement in the event of non-occupational illness or accidents. The plan shall be registered with the Employment Insurance Commission and shall comply with the standards set out by the Commission for Short Term Disability Plans. The benefit shal...
Retiree Benefit Fund. The Employer agrees to deduct from each active regular full-time and part-time employee and remit to the Local 183 Retiree Benefit Trust Fund for the purpose of purchasing benefits as contemplated by the “Agreement and Trust” establishing the said Retiree Benefit Fund as follows: March 1, 2021 October 1, 2021 $ 0.03/HR $ 0.03/HR The Employer shall remit contributions to the Retiree Benefit Fund monthly, together with a duly completed Employer’s Report Form, by the fifteenth (15th) of the month following the month for which the payment is due. Each monthly contribution shall include all obligations arising from hours worked up to the close of the Employers’ payroll ending nearest to the last day of the preceding month. The Employer’s responsibility and liability for the Retirement Fund as set out above is strictly limited to the obligation to make the contributions as set out in this article. APPENDIX “B” BENEFITS Basic Life: $10,000 Accidental Death & Dismemberment: Up to $10,000 Cost of this benefit: 55% Company Paid. 45% Employee Paid. Medical Plan: Annual Deductible: Single: $25 per calendar year Family: $25 per person to a maximum of $75 per family per calendar year Annual Prescription Maximum: $2,000 per person per calendar year Reimbursement Level: 90% of reasonable and customary expenses for eligible medically necessary services, supplies and prescription drugs. Prescription drugs will be covered to a maximum of the cost of the equivalent generic drug product. The only exception to this rule will be if your doctor stipulates “no substitution allowed” on a prescription for a brand name drug. ‘Generic’ is the term used to describe a drug product that is equivalent to a brand name drug. Vision care: $200 per person per 24 months, including up to $35 for the cost of an eye exam Hearing Aids: $500 per person every 5 years Annual Maximum: Unlimited, except where applicable for specified services and supplies and subject to overall Lifetime Maximum Lifetime Maximum: $100,000 Cost of this benefit: 55% Company Paid. 45% Employee Paid Dental Plan: Annual Deductible: Nil Reimbursement Level: Basic and Major Restorative (Periodontal Services) 90% of eligible expenses according to the Current Provincial Dental Fee Guide. Annual Maximum: Unlimited TMJ 50% of eligible expenses to a $1,000 Lifetime Maximum per person Lifetime Maximum: Unlimited excluding TMJ Cost of this benefit: 55% Company Paid. 45% Employee Paid
Retiree Benefit Fund. The Employer agrees to contribute five cents ($0.05) per hour for each employee covered by this Agreement and remit into the Local 183 Retiree Benefit Trust Fund for the purpose of purchasing benefits as contemplated by the Agreement and Trust establishing the said Retiree Benefit Fund as follows: The Employer shall remit the deducted contributions to the Retiree Benefit Fund monthly, together with a duly completed Employer’s Report Form by the fifteenth (15th) day of the month following the month for which the payment is due. After successfully completion of the probation period. This shall be based on a flat contribution of one hundred and fifty (150) hours per employee per month.
Retiree Benefit Fund. (a) In addition to all other compensation required by the terms of this Agreement, the Employer agrees to pay the amount specified in Section 27 to the Operating Engineers Local 324 Retiree Benefit Fund for each employee covered by this Agreement for all hours worked each employee.
