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. 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. Section 33.1 - Contributions and Administration Commencing on the first (1st) day of each month the Company shall contribute an amount per month, in accordance with the following schedule, for each employee covered by this Agreement who has been on the payroll for more than thirty (30) calendar days and who has reported for work at least one (1) day in the month unless otherwise specified in the Agreement. The R.R.S.P. Plan shall be administered by a Trust Company or any other agency that is legally entitled to perform such administration in the Province of Ontario. The Company shall supply each employee with an annual accounting of the contributions made on their behalf. Schedule of Contributions to be paid by the Company: Effective October 1, 2008 $555.00 Effective October 1, 2009 $555.00 Effective October 1, 2010 $555.00 RRSP contributions for new entry level employees hired before ratification date (July 17, 2004): These employees are red circled at their current step procedure except the RRSP’s which will go to 100% contribution upon ratification. RRSP’s for employees hired on or after date of ratification (July 17, 2004): 1st year of employment 0% 2nd year of employment 0% 3rd year of employment 0% 4th year of employment 50% of regular contributions 5th year of employment 50% of regular contributions 6th year of employment 75% of regular contributions 7th year of employment 100% of regular contributions
RRSP Plan. 42.01 The Employer will contribute a matching amount to a total of five hundred dollars ($500.00) per annum.
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.
RRSP Plan. The current RRSP plan will continue:
RRSP Plan. (a) Effective June 1, 2006 each employee shall be enrolled in an RRSP Plan.
RRSP Plan. (a) The Employer agrees to establish and administer a voluntary group Registered Retirement Savings Plan, commencing January 1, 2025.
RRSP Plan. 17.01 a) The Employer will pay a premium to the employee of two dollars ($2.00) per hour worked to every employee who has a minimum of two (2) years’ continuous employment with the Employer and has worked at least two thousand five hundred (2,500) hours within that period. This premium shall be contributed by the Employer to an RRSP plan. The Employer reserves the right to require an employee to re- qualify if RRSP funds are withdrawn by the employee without consent from the Employer. The Employer agrees to note remittances made on behalf of eligible employees on the monthly check off list.
