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.
Appears in 2 contracts
Samples: Collective Agreement, Collective Agreement
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 and Pension Plan will be non-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.
Appears in 2 contracts
Samples: Collective Agreement, Collective Agreement
Retirement Plan Contribution Details. a) 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.
b) The Union acknowledges and agrees that, other than remitting contributions to the Plans Plans, as set out in this ArticleArticle 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.
Appears in 1 contract
Samples: Collective Agreement
Retirement Plan Contribution Details. a) The Employer’s 's contributions to the RSP Plan and Pension Plan will be non-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 RSP and Pension 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.
Appears in 1 contract
Samples: Collective Agreement