Retirement Fund. The sum of $ 7.90, May 1, 2019 (May 1, 2020 $8.07; May 1, 2021 $ 8.24) per paid hour; ex- cept that Apprentices starting after April 30, 1997 will have this amount pro-rated in ac- cordance with their term level;
Retirement Fund. 19.5 Each Employee (including persons engaged through Loan-Out Companies) shall receive retirement contributions in a sum equal to eight and one-half percent (8.5%) of Gross Wages, payable each pay period. The DGC shall operate and administer the DGC Group Retirement Savings Plan (hereinafter the “Retirement Fund”) for the purpose of providing retirement benefits to eligible members of the DGC. Each eligible Member of the DGC may elect in writing to have his or her compensation reduced by means of a payroll deduction and to have the deducted amounts paid on his or her behalf to the Retirement Fund. Payment shall be made by cheque payable to “Directors Guild of Canada - Group Retirement Savings Plan” on or before the fourth day of the succeeding work week and shall be remitted for purposes of collection and transmittal through the Union office.
Retirement Fund. All Officers shall contribute the employee’s share to the Wisconsin Retirement System as established by law. Employees hired prior to July 1st, 2011 shall not contribute greater than 7% as the employee’s share.
Retirement Fund. Company shall take part in the key man retirement fund of the Company, which has been instituted for the Executive and Company shall contribute to and maintain said fund for the duration of Executive's employment hereunder.
Retirement Fund. An administrator who has been employed by the School District of the City of Wyandotte for ten (10) years and retires because of eligibility or medical reasons, shall receive a lump sum payment of ten percent (10%) of the administrator’s current salary provided the administrator is eligible to receive and has made application to receive monthly pension payments from the Michigan Public School Employee's Retirement System (MPSERS). An administrator, who has been employed twenty (20) years or more and retires because of eligibility or medical reasons, shall receive a lump sum payment of (15% in 2021-2022, 16% in 2022-2023 and 17% in 2023-2024) of the administrator’s current salary provided the administrator is eligible to receive and has made application to receive monthly pension payments from the Michigan Public School Employee’s Retirement System (MPSERS). The foregoing payment shall be made even in the event of the death of an employee if he/she had already announced his/her retirement. Any administrator who retires and received the benefit provided in this section and is subsequently reemployed in the School District of the City of Wyandotte, shall not be eligible to again receive such benefits upon his/her later retirement. The Board may offer unit members the opportunity to retire and be rehired through a contractual arrangement for a one (1) to two (2) year contract (as provided by law). Xxxxxx paid to the contracted administrator would be approximately three fourths (3/4) of current salary with no fringe benefits. XXX would maintain the member as part of the unit. Further, this arrangement is for unit members only, who have worked in the District for at least five (5) years. Other details will be discussed and mutually agreed upon by the Union and the Board.
Retirement Fund. The Employer shall assume the cost of each Bargaining Unit member's contribution to the Michigan Public School Employees Retirement Fund. Employees eligible for retirement benefits may elect to participate in the Optional Retirement Plan.
Retirement Fund. The employee contributions so picked-up by the City shall for all purposes (including determining “average annual pay” under The City of Norwich Employee’s Retirement Fund) be considered to be included in an employee’s annual gross salary and shall for all purposes be treated in the same manner and to the same extent as employee contributions made prior to July 1, 1994.
Retirement Fund. The Employer shall assume the cost of each Bargaining Unit member’s contribution to the Michigan Public Employees Retirement Fund as required by law.
Retirement Fund. The Jamestown School District will deduct from the teacher's gross salary the teacher's share of the retirement fund, make payments through the district to the fund for both the district and the teacher's share.
Retirement Fund. The employee's contribution to the retirement fund will be based on the salary of the year preceding the leave and will be at a rate as prescribed in Section 354.42 of Minnesota Statutes. The employee's contribution will be computed by the District's business office and on an appropriate schedule of payments arranged so as to meet the legal deadlines. The computation and payment schedule will be sent by the District through certified mail to the teacher within thirty (30) days following the School Board's granting of the leave.
