R.R.S.P. Payroll Deductions. Employees may authorize the College to deduct specified amounts from their wages each month for R.R.S.P.’s. Tax deductions at source will be adjusted to accommodate the deductions. In authorizing such deductions, employees shall absolve the College of any responsibility for such funds following their remittance to the trust company. The College will, on behalf of the employees, remit to a single designated trust company, by the 10th of the month following, the funds which have been deducted. It shall be the responsibility of employees to direct the trust company concerning the investment of such funds.
Appears in 7 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
