RRSP Plan. The Employer shall provide a Group RRSP matching pension plan. Eligible employees can contribute up to three (3%) per cent of regular earnings which shall be matched by the Employer. RRSP contributions will be made through payroll deduction. Effective January 1, 2022, eligible employees can contribute up to three point five (3.5%) percent of regular earnings, which shall be matched by the Employer. Enrolment in the Group RRSP plan is voluntary. An open period will occur once a year in November. In the event a participating Employee opts out of, or withdraws funds from the RRSP, the Employee shall not be eligible to continue participating in the RRSP and the Employer’s obligations to contribute to the Plan shall cease.
RRSP Plan. All full-time Employees who have completed one (1) year of continuous service are eligible to participate in the Group RRSP. The Employer will match contributions up to a maximum of four percent (4%) of the Employee’s gross bi-weekly payroll and contribute same into a registered retirement savings plan.
RRSP Plan. Section 33.1 - Contributions and Administration
RRSP Plan. Following the establishment of a CUPE Group RRSP Plan, the Board agrees to deduct the monthly contributions from employees authorizing their participation in the plan and to remit those monthly contributions to the designated plan trustee.
RRSP Plan. 48.01 You must have been an employee for one full year on January 1st of the current year in order to be added to the plan. i.e. Hired January 15th 2008 may Join January 1st, 2010.
48.02 Maximum Company Contribution
RRSP Plan. 42.01 The Employer will contribute a matching amount to a total of five hundred dollars ($500.00) per annum.
RRSP Plan. The current RRSP plan will continue:
RRSP Plan. Employees Hired on or after September 30, 2004, upon attaining seniority, be enrolled in a Group RRSP plan. The Company will contribute to the plan, for each individual employee, the following amounts for all compensated hours. Employees injured during the course of their work at CSL will have con- tributions made for time for which they received WSIB temporary total disability benefits to a maximum of 40 hours per week for a maximum of 2080 hours for the first year after injury. Money’s contributed to the RRSP cannot be withdrawn until the employ- ee is no longer employed at Central Stampings Ltd. or has retired. Any money contributed to the Plan is immediately vested in the employee. Employees hired on or after Sept. 30, 2004 are not eligible for retiree benefits.
RRSP Plan. 25.1 Any full time employee who has completed one (1) year service will be allowed to join the RRSP plan and contribute through payroll deductions. Employees with three (3) years service, who are full-time and contribute to the plan, will have their contributions matched, to a maximum two percent (2%) by the Company.
RRSP Plan. All bargaining unit employees are entitled to one percent (1%) RRSP contribution based on the gross earnings effective June 25, 2017. The contribution will be paid into the Plan on a bi-weekly basis and will commence on the first pay following June 25, 2017 and in accordance with Reena payroll schedule. The Plan as indicated above shall continue to be provided with the one percent (1%) RRSP contribution each year thereafter. Effective June 25, 2019, all bargaining unit employees are entitled to two percent (2%) RRSP contribution based on gross earnings which will cease on March 31st, 2020. The parties acknowledge that retroactive payments from June 25, 2019 to March 31, 2020 will be redistributed as agreed upon between the Union and Employer. As of April 1, 2020, employees will receive a maximum two percent (2%) RRSP contribution based on gross earnings contingent on the equivalent match by the employee. As of June 25, 2021, employees will receive a maximum three percent (3%) RRSP contribution based on gross earnings contingent on the equivalent match by the employee.
