Retirement Savings Fund a defined contribution plan (DC plan) will be the sole pension plan under this Section 4.8(b). Upon entrance in the Plumbers 130 apprentice program, wages and fringe benefit levels shall continue under Appendix C until the attainment of a City of Chicago or State of Illinois Journeyman Plumbing License or at the X0, X0, X0 or M7 rates if retained in employment.
Retirement Savings Fund. Effective as of the dates set forth in Appendix C, each Employer will contribute the sum per hour set forth or to be determined in the manner set forth in Appendix C for each hour worked by and on behalf of each employee covered by this Agreement to the Plumbers’ Retirement Savings Fund, Local 130, UA.
Retirement Savings Fund. Effective as of the dates set forth in Appendix C, each Employer will contribute the sum per hour set forth or to be determined in the manner set forth in Appendix C for each hour worked by and on behalf of each employee covered by this Agreement to the Plumbers’ Retirement Savings Fund, Local 130, UA.
a. adopts and agrees to be bound by the terms and conditions of the agreements establishing and governing the Plumbers’ Retirement Savings Trust Fund, and any amendments made thereto as though the Trust Agreement was set forth in full including any policies or procedures promulgated by the Trustees;
b. agrees to provide the necessary participant compensation information as reasonably requested by the Plumbers’ Retirement Savings Trust Fund on a timely basis consistent with the rules set forth by the Trustees of the Plumbers’ Retirement Savings Fund, Local 130, UA. Such compensation shall only be used for purposes of administering the Plumbers’ Retirement Savings Fund, Local 130, UA;
c. ratifies, accepts and irrevocably designates as its representatives the Employer Trustees of the Plumbers’ Retirement Savings Trust Fund, appointed from time to time in accordance with the terms of the Plumbers’ Retirement Savings Trust Fund Trust Agreement; and
d. agrees to contribute pay deferral amounts elected under this Section 9.1 into the Plumbers’ Retirement Savings Trust Fund, and to be bound by all amendments hereinafter made as if the Employer had signed the original of said Trust Agreements and any Amendments from time to time or to be made.
Retirement Savings Fund. It is understood and agreed that there has been es- tablished a Pension Fund known as the Local 219 Retirement Savings Plan (Fund), a Fund ad- ministered by a Board of Trustees in accordance with the terms of a Trust Document.
Retirement Savings Fund. 144. Each Employer signatory or otherwise bound to this Agreement agrees to become party to the current Restated Agreement and Declaration of Trust establishing the Heating, Piping and Refrigeration Retirement Savings Fund and further agrees to be bound by the Declaration of Trust and any amendments adopted thereto.
Retirement Savings Fund. By the execution of this Agreement, the Employer and the Union agree to be bound by the Agreement and Declaration of the Trust of the Local No. 1 Suburban 401(k) Savings Trust Fund (“Trust”) as may be amended from time to time, and they do hereby irrevocably designate as their respective representatives on the Board of Trustees such Trustees named in said Agreement and Declaration of Trust as Employer and Union Trustees, together with their successors selected as provided therein, and agree to abide and be bound by all policies and procedures established and actions taken by the Trustees pursuant to said Trust (including the collection policy). Any provision in this Agreement that is inconsistent with the Agreement and Declaration of Trust, or the Local No. 1 Suburban 401(k) Savings Plan (“Plan” or “Fund”) document, rules, or procedures established by the Trustees, shall be null and void. The Employer agrees to contribute the sums set forth below, for each employee covered by this agreement to the Plan for the purpose of providing retirement benefits under the Plan. Employer contributions and remittance reports shall be due in the Fund’s bank depository on or before the 15th day following the month in which the hours were worked for which the Employer is obligated to contribute to the Fund.
Retirement Savings Fund. For the period August 1, 2023 through July 31, 2024, Employers shall contribute to the SEIU Local 1 Suburban 401(k) Savings Retirement Fund at the rate of twenty cents ($.20) per regular, non-overtime hour worked for each employee. Paid holidays, paid vacations and funeral absence (up to three working days) are deemed time worked for Retirement Fund contribution purposes. In the event an employee works during his or her holiday or vacation, one payment to the Retirement Fund is all that will be required. This is the primary 401(k) plan for bargaining unit employees and employees are not eligible to participate in two plans.
