Retiree Benefit Fund. (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 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: 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. 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. 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. 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
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: $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. 2847 2848 1. Local 2315 has established the Local 2315 Retiree Benefit Fund (“Retiree Benefit 2849 Fund”), in conformance with all applicable Federal (including but not limited to the 2850 Internal Revenue Code and applicable rules) and Florida Law, to provide full or 2851 partial payments for health insurance premiums and other benefits on behalf of 2852 former employees of the Town of Davie Fire Department who retire and separate on 2853 or after October 1, 1999. 2854 2855 2. Local 2315 agrees that the Town will have no liability or responsibility for 2856 implementation or administration of the Retiree Benefit Fund, including but not 2857 limited to any of the expenses or benefits of the fund. Local 2315 and the Retiree 2858 Benefit Fund shall indemnify, and hold the Town harmless against claim, demand, 2859 suit, or liability, and for attorneys’ fees and legal costs arising in relation to the 2860 implementation or administration of the Retiree Benefit Fund, except to the extent 2861 that the Town’s acts or omissions give rise to its own liability. 2862
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.
(b) The AGC of MICHIGAN covering the Upper Peninsula of Michigan shall be entitled to designate a Trustee on the Retirement Benefit Fund.
(c) Payment of benefits from the Retiree Benefit Fund shall be contingent upon and subject to obtaining and retaining such approval from the Internal Revenue Service as may be necessary to establish the deductibility for Federal income tax purposes of any and all contributions made by the Employers under applicable provisions of the Internal Revenue Code of 1954, as amended.
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.
(b) All contributions to the Operating Engineers Local 324 Retiree Benefit 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. (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.
(b) These contributions shall be deposited each month, or at such other regular intervals as may be determined by the Trustees of said Operating Engineers Local 324 Retiree Benefit Fund, to such depository as may be designated by the Trustees.
(c) The AGC of Michigan, Detroit Area shall be entitled to designate a Trustee on the Retiree Benefit Fund. Payment of benefits from 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 Federal income tax purposes of any and all contributions made by the Employers under applicable provisions of the Internal Revenue Code of 1954, as amended.
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 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. 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: 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.
