RRSP’s. The Employer shall contribute two percent (2%) of earnings for each employee who wishes to enrol into a mutually agreed to RRSP Plan. Each employee shall contribute two percent (2%) of earnings to the Plan. Effective the first day of the first full pay period two pay periods following ratification (March 9, 2023), amend 30.08 to read as follows: The Employer shall contribute two-point-five percent (2.5%) of earning for each employee who wishes to enroll into a mutually agreed to RRSP Plan. Each employee shall contribute two-point- five percent (2.5%) of earnings to the Plan. Effective the first day of the first full pay period following October 1, 2023, amend 30.12 to read as follows: The Employer shall contribute three percent (3%) of earnings for each employee who wishes to enrol into a mutually agreed to RRSP Plan. Each employee shall contribute three percent (3%) of earnings to the Plan.
RRSP’s. The Employer shall contribute two percent (2%) of earnings for each employee who wishes to enrol into a mutually agreed to RRSP Plan. Each employee shall contribute two percent (2%) of earnings to the Plan.
RRSP’s. The Company will match up to six percent (6%) and paid weekly. It is understood by the parties that such matching will occur as follows: Employee contributes five percent (5%), employer matches full five percent (5%) contribution. Employee contributes three percent (3%), employer matches full three percent (3%) contribution. Employees will be provided the option to modify their RRSP contribution level twice annually on the Monday preceding June 30th and the Monday preceding December 31st. The Company agrees to pay a one-time lump sum payment of $500.00 to all employees who retire from Motor City Community Credit Union. Eligibility for the lump sum payment will be the same as the eligibility for retiree benefits.
RRSP’s. For all employees, the Agency will pay 5% of annual gross salary for the purpose of purchasing an RRSP. Payments will be included in the employee’s bi-weekly paycheque which will be deposited to the account designated as referenced in clause
RRSP’s. In each pay period, the Employer shall pay, into self-administered Registered Retirement Savings Plans for each regular, full-time employee, an amount that will result in a total annual contribution as follows:
RRSP’s. The Union wishes to discuss RRSP’s.
RRSP’s. In each pay period, the Employer will pay, into a Group Registered Retirement Savings Plan for each regular, employee, an amount that will result in a total annual contribution as follows: Senior Supervisor, Co-Supervisor, Special Needs Educator/Co-Supervisor - $3,600 each. Special Needs Educator, Early Childhood Educator I and Early Childhood Educator II - $3,300 each. Day Care Assistant (Hot Lunch Program) - $150 per month to an annual maximum of $1,800.
RRSP’s. 22.01 The Employer shall contribute to each full-time contributing employee’s RRSP and amount equal to 1% of salary after one year of full-time employment. Each full-time contributing employee shall, by salary deduction, make a contribution equal to the Employer’s contribution to the RRSP.
RRSP’s. An RRSP can have only one Owner and Xxxxxxxxx, who must be the same person. If Income Class Units are allocated to the RRSP, the Guaranteed Lifetime Withdrawal Benefit will end and the Death Benefit will become payable on the Death Benefit Date, regardless of whether the One-Life Income Stream or Two-Life Income Stream was selected. Subject to our administrative policies and any applicable legislation in effect at the time, if the spouse or common-law partner of the Annuitant is the sole beneficiary of the Class Death Benefit relating to Income Class Units under the Contract, Sun Life will permit such spouse or common-law partner to waive payment at that time of the Class Death Benefit relating to Income Class Units and instead transfer the Aggregate Unit Value of the Income Class Units allocated to the Contract on such date to an RRSP of such spouse or common- law partner. If the Two-Life Income Stream was selected for the Individual Variable Annuity Contract original Contract, the Guaranteed Lifetime Withdrawal Benefit in the RRSP of the spouse or common-law partner will be the same as the Guaranteed Lifetime Withdrawal Benefit in the original Contract. If the Second Life is not the sole beneficiary of the Class Death Benefit relating to Income Class Units on the Death Benefit Date, then the Contract, including the Guaranteed Lifetime Withdrawal Benefit, will end on the Death Benefit Date and the Death Benefit relating to all Classes will be paid, notwithstanding that the Two-Life Income Stream had been selected. If the One-Life Income Stream was selected for the original Contract, the RRSP of the spouse or common-law partner will include a Guaranteed Lifetime Withdrawal Benefit but the LWA Base and 5% Bonus Base will be recalculated on the date of such deposit based on the Aggregate Unit Value of the Income Class Units allocated to the spouse’s or common-law partner’s RRSP and the LWA will be recalculated based on the age tier that applies to the spouse or common-law partner on such date according to Section 13.9 of the Contract. Regardless of the LWA Income Stream that was selected for the original Contract, the Maturity Benefit in the RRSP of the spouse or common-law partner will be the same as the Maturity Benefit in the original Contract except that the Death Benefit Date and the Contract Maturity Date will be determined by reference to the life of the spouse or common- law partner.
