Retirement Plan Contribution Details a) The Employer will remit RSP and Pension contributions to the Union as outlined in Article 25.
b) The Employer’s contributions to the RSP Plan and the Pension Plan will be non-refundable once received by the Union and will vest immediately in the employee on whose behalf the deposit was made.
c) The Union acknowledges and agrees that, other than remitting contributions to the Plans, as set out in this Article 25, the Employer shall not be obligated to contribute toward the cost of retirement benefits provided by the RSP and Pension Plans or be responsible for providing such benefits.
d) The Employer agrees to provide the Plan with the social insurance number and current address of all employees on whose behalf contributions are being remitted.
Retirement Plan Contribution Details a) All contributions received shall vest immediately in the employee’s account on whose behalf the deposit was made. The Employer’s contributions to the retirement plans will be non-refundable to the Employer once received by the applicable CLAC Remittance Team except where adjustments are required due to administrative remittance errors.
b) Where legislation prohibits retirement plan contributions because of age, an amount equivalent to the contributions in this Article will be paid to that employee each pay period starting the first pay period after September 1st of the year in which the employee reaches the age of restriction. This payment in-lieu of retirement contributions will not be less than the amount that employee would have received if he/she were still contributing to the applicable plan.
c) The total amount of retirement contributions remitted by the Employer and on an employee’s behalf cannot exceed the annual maximum contribution limits outlined by the Canada Revenue Agency. The Employer has no obligation to monitor the employee’s contribution made outside the employment relationship. For greater clarity, it is the employee’s responsibility to ensure he/she does not exceed their annual contribution limits. If the employee exceeds the annual maximum contribution limit as a result of contributions made outside the employment relationship, neither the Employer nor the Union shall be held liable for any tax consequence imposed on the employee.
d) The Employer will remit retirement contributions to the applicable CLAC Remittance Team as outlined in Article 26. Employer, employee, and voluntary contributions must be recorded separately on the remittance.
e) In the event that a remittance has not been received by the CLAC Remittance Team by the date set out in Article 26, the Employer is responsible for compensating the retirement plans for any missed contributions and investment returns lost by the employee(s) as a result of the late remittance. This compensation amount shall be calculated on all applicable contributions that are part of the remittance. The retirement plans will allocate the missed contributions and investment returns to the affected employees’ accounts.
f) The Union acknowledges and agrees that, other than remitting contributions to the retirement plans as set out in this Article, the Employer shall not be obligated to contribute toward the cost of retirement benefits provided by the Plan or RSP or be responsible for providing su...
Retirement Plan Contribution Details a) The Employer’s contributions to the RSP Plan and Pension Plan will be non-refundable once received by the Union and will vest immediately in the employee on whose behalf the deposit was made.
b) The Union acknowledges and agrees that, other than remitting contributions to the Plans as set out in this Article, the Employer shall not be obligated to contribute toward the cost of retirement benefits provided by the RSP and Pension Plans or be responsible for providing such benefits.
Retirement Plan Contribution Details a) All contributions received shall vest immediately in the employee’s account on whose behalf the deposit was made. The Employer’s contributions to the retirement plans will be non-refundable to the Employer once received by the applicable CLAC Remittance Team except where adjustments are required due to administrative remittance errors.
b) Where legislation prohibits retirement plan contributions because of age, an amount equivalent to the contributions in Articles 17.01 and 17.02 will be paid to that employee on each paycheque starting the first pay period after September 1st of the year in which the employee reaches the age of restriction. This payment in- lieu of retirement contributions will not be less than the amount that employee would have received if he/she were still contributing to the applicable plan.
c) The total amount of retirement contributions remitted by the Employer and on an employee’s behalf cannot exceed the annual maximum contribution limits outlined by the Canada Revenue Agency. The Employer has no obligation to monitor the employee’s contribution made outside the employment relationship. For greater clarity, it is the employee’s responsibility to ensure he/she does not exceed their annual contribution limits. If the employee exceeds the annual maximum contribution limit as a result of contributions made outside the employment relationship, neither the Employer nor the Union shall not be liable for any tax consequence imposed on the employee.
d) The Employer will remit retirement contributions to the applicable CLAC Remittance Team as outlined in Article
Retirement Plan Contribution Details a) The Employer will remit RSP contributions to the Union as outlined in Article 8.
b) The Employer’s contributions to the RSP Plan will be non- refundable once received by the Union and will vest immediately in the employee on whose behalf the deposit was made.
c) The total amount of RSP contributions remitted by the Employer, on an employee’s behalf, cannot exceed the annual maximum money purchase and RSP contribution limits outlined by the Canada Revenue Agency. The Employer has no obligation to monitor the employee’s RSP contribution made outside the employment relationship. For greater clarity, if the employee exceeds the annual maximum money purchase and RSP contribution limits as a result of contributions made outside the employment relationship, the Employer shall not be liable for any tax consequence imposed on the employee.
d) The Union acknowledges and agrees that, other than remitting contributions to the RSP Plan as set out in this Article, the Employer shall not be obligated to contribute toward the cost of retirement benefits provided by the RSP Plan or be responsible for providing such benefits.
e) Where legislation prohibits an Employer from contributing because of an employee’s age, an amount equivalent to the contributions in Articles 20.01 a) as outlined in Schedule “A” will instead be paid on that employee’s gross pay. This payment, in lieu of retirement plan contributions, will not be less than the amount that employee would have received if he/she were still contributing to a CLAC sponsored retirement plan.
Retirement Plan Contribution Details a) Contributions to the employees’ RSP, administered by the Trust Fund, shall be made in accordance with direction by the Union. The Employer shall be saved harmless for all contributions and administration of the group RSP.
b) The Employer’s contributions to the RSP Plan will be non- refundable once received by the Union and will vest immediately in the employee on whose behalf the deposit was made.
c) The total amount of RSP contributions remitted by the Employer, on an employee’s behalf, cannot exceed the annual maximum money purchase and RSP contribution limits outlined by the Canada Revenue Agency. The Employer has no obligation to monitor the employee’s RSP contribution made outside the employment relationship. For greater clarity, if the employee exceeds the annual maximum money purchase and RSP contribution limits as a result of contributions made outside the employment relationship, the Employer shall not be liable for any tax consequence imposed on the employee.
d) The Union acknowledges and agrees that, other than remitting contributions to the RSP Plan as set out in this Article, the Employer shall not be obligated to contribute toward the cost of retirement benefits provided by the RSP Plan or be responsible for providing such benefits.
e) The Employer agrees to provide the Union with the social insurance number and current address of all employees on whose behalf contributions are being remitted.
Retirement Plan Contribution Details a) The Employer will remit RSP and Pension contributio ns to the U nion as outlined in Article 25.
b) The Employe r's contributio ns to the RSP Plan and the Pension Plan will be non-refundable once received by the Union and will vest immediately in the employee on whose behalf the deposit was made.
c) The Union acknowledges and agrees that, other than remitting contributions to the Plans, as set out in this Article 25, the Employe r shall not be obligated to contribute towa rd the cost of retirement benefits provided by the RSP and Pension Plans or be responsible for providing such benefits.
d) The Employer agrees to provide the Plan with the social insurance number and current address of all employees on whose behalf contributions are being remitted .
Retirement Plan Contribution Details a) All contributions received shall vest immediately in the made.
b) The total amount of retirement contributions remitted by the annual maximum contribution limits outlined by the Canada Revenue Agency. The Employer has no obligation employment relationship. For greater clarity, it is the exceed their annual contribution limits. If the employee exceeds the annual maximum contribution limit as a result of contributions made outside the employment relationship, the Employer and the Union shall not be liable for any tax consequence imposed on the employee.
c) The Employer will remit RSP and Pension contributions to the Union as outlined in Article 25.
d) The Union acknowledges and agrees that, other than remitting contributions to the Plans, as set out in this Article 25, the Employer shall not be obligated to contribute toward the cost of retirement benefits provided by the RSP and Pension Plans or be responsible for providing such benefits.
e) be non-refundable to the Employer once received by the applicable CLAC Remittance Team except where adjustments are required due to administrative remittance errors.
Retirement Plan Contribution Details a) All contributions received shall vest immediately in the made. The plans will be non-refundable to the Employer once received by the applicable CLAC Remittance Team except where adjustments are required due to administrative remittance errors.
b) Where legislation prohibits retirement plan contributions because of age, an amount equivalent to the contributions in Articles 17.01 and 17.02 will be paid to that employee on each paycheque starting the first pay period after they reach the age of restriction. This payment in-lieu of retirement contributions will not be less than the amount that employee would have received if he/she were still contributing to the applicable plan.
c) The total amount of retirement contributions remitted by eed the annual maximum contribution limits outlined by the Canada Revenue Agency. The Employer has no obligation employment relationship. For greater clarity, it is the nsure he/she does not exceed their annual contribution limits. If the employee exceeds the annual maximum contribution limit as a result of contributions made outside the employment relationship, neither the Employer nor the Union shall not be liable for any tax consequence imposed on the employee.
d) The Employer will remit retirement contributions to the applicable CLAC Remittance Team as outlined in Article
Retirement Plan Contribution Details a) The Employer wil l remit RSP and Pension contributions to the Un ion as outlined in Article 25.
b) The Employer's contributions to the RSP Plan and the Pension Plan will be non-refu ndable once received by the Union and will vest immediately in the employee on whose behalf the deposit was made.
