RRSP’s Sample Clauses
An RRSP (Registered Retirement Savings Plan) clause defines the terms and conditions related to the ownership, division, or treatment of RRSP accounts in a legal agreement, often in the context of separation or divorce. This clause typically specifies how the RRSP assets will be valued, whether they will be divided between parties, and the process for transferring funds, such as through a direct transfer to another RRSP to avoid tax penalties. Its core practical function is to ensure clarity and fairness in the handling of retirement savings, preventing disputes and addressing tax implications during asset division.
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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 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. 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. Effective January 1, 2026, the Employer shall contribute three- point-five percent (3.5%) of earnings for each employee who wishes to enrol into a mutually agreed to RRSP plan. Each employee shall contribute three-point-five percent (3.5%) of earnings to the plan.
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:
(a) Co-Supervisor, Special Needs Educator / Co-Supervisor – one thousand, five hundred dollars ($1500) each
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. 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. The Employer proposes this article not be included in the collective agreement.
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. The Union wishes to discuss RRSP’s.
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.