Savings Plan for Wage Employees Sample Clauses

Savings Plan for Wage Employees. (a) Effective February 1, 1995, there will be established a Savings Plan for all wage employees
Sample 1Sample 2Sample 3See All (5)
AutoNDA by SimpleDocs
Savings Plan for Wage Employees. Effective February 1, 1995, there will be established a Savings Plan for all wage employees. The plan will have two components; an Employee Savings Plan (ESP) and a Group Registered Retirement Savings Plan (Group RRSP). The Company will contribute an amount on a per pay basis to an account established for each employee. Then amount contributed will be as follows: Effective February 1, 2013 $34.67 Effective February 1, 2014 $35.88 Effective February 1, 2015 $37.23 The employee may direct all of the Company’s contribution to either the Group RRSP or to the ESP. Each employee may elect to make voluntary contributions through payroll deduction to either plan component. Contributions to the Group RRSP are on a pre-tax basis. Voluntary contributions to the Group RRSP will be limited to the employee’s annual maximum RRSP room. All administrative fees of the plan will be paid by the Company. Note: The above summarized the highlights of the Health Care benefits and the Pension Plan. For administrative details refer to the full texts of all plans. Such texts will be made available by the Company to the Union. APPENDIX “G” - LETTERS OF UNDERSTANDING
Sample 1Sample 2See All (4)
Savings Plan for Wage Employees. Effective February 1, 1995, there will be established a Savings Plan for all wage employees. The plan will have two components; an Employee Savings Plan (ESP) and a Group Registered Retirement Savings Plan (Group RRSP). The Company will contribute an amount on a per pay basis to an account established for each employee. The amount contributed will be as follows: Effective February 1, 2016 $37.23 The employee may direct all of the Company’s contribution to either the Group RRSP or to the ESP. Each employee may elect to make voluntary contributions through payroll deduction to either plan component. Contributions to the Group RRSP are on a pre-tax basis. Voluntary contributions to the Group RRSP will be limited to the employee’s annual maximum RRSP room. All administrative fees of the plan will be paid by the Company. Note: The above summarized the highlights of the Health Care benefits and the Pension Plan. For administrative details refer to the full texts of all plans. Such texts will be made available by the Company to the Union. APPENDIX “G” - LETTERS OF UNDERSTANDING
Sample 1Sample 2
Savings Plan for Wage Employees. Effective February 1, 1995, there will be established a Savings Plan for all wage employees. The plan will have two components; an Employee Savings Plan (ESP) and a Group Registered Retirement Savings Plan (Group RRSP). The Company will contribute an amount on a per pay basis to an account established for each employee. The amount contributed will be as follows: Effective February 1, 2016 $37.23 Effective February 1, 2020 $39.00 Effective February 1, 2021 $40.00 The employee may direct all of the Company’s contribution to either the Group RRSP or to the ESP. Each employee may elect to make voluntary contributions through payroll deduction to either plan component. Contributions to the Group RRSP are on a pre-tax basis. Voluntary contributions to the Group RRSP will be limited to the employee’s annual maximum RRSP room. Effective January 1, 2020 a TFSA option will be made available to employees into which an employee may elect to direct voluntary contributions made by him/her. All administrative fees of the plan will be paid by the Company. Note: The above summarized the highlights of the Health Care benefits and the Pension Plan. For administrative details refer to the full texts of all plans. Such texts will be made available by the Company to the Union. APPENDIX “G” - LETTERS OF UNDERSTANDING
Sample 1Sample 2
Savings Plan for Wage Employees. Effective February there will be established a Savings Plan for all wage employees. The plan will have two components; an Employee Savings Plan (ESP) and a Group Registered Retirement Savings Plan (Group The Company will contribute an amount on a per pay basis to an account established for each employee. The amount contributed will be as follows: Effective February Effective February Effective February The employee may direct all of the Company’s contribution to either the Group or to the ESP. Each employee may elect to make voluntary contributions through payroll deduction to either plan component. Contributions to the Group are on a basis. Voluntary contributions to the Group will be limited to the employee’s annual maximum room. All Administrative fees of the plan will be paid by the Company. Note: The above summarizes the highlights of the Health Care benefits and the Pension Plan. For administrative details refer to the full texts of all plans. Such texts will be made available by the Company to the Union. APPENDIX LETTERS OF UNDERSTANDING Employee Testing and Article Company-Union Pension Committee Agreement Compensation of Chief Xxxxxxx Summer Students Leave of Absence for Union Business Union Executive Safety. Health, Environment Rep (Floater) Holidays Maintenance Requirements and Contracting Out Straight Time Payment for Specified Training & Education Programmes I O Safety, Health Industrial Relations Training Multi-Skilled Trades Training Programme Temporary Employees Contracting Out of Non-Core Maintenance Work Wage Supervisors Grandfathering regarding Qualifications Required in the Operating Progression Students Movement of Lab employees currently working in the Operating units, or Progressions Students Day Operator Movement of Day Lab Technicians into the Progression Movement of Operating Assistants in the Progression to Operator Temporary Pension Equalization Discipline Policy Inc. ONTARIO, CANADA February Xxxxx Xxxxx, Chief Xxxxxxx Local Unit) of Canada Street Ontario Dear Xxxxx:
Sample 1
Savings Plan for Wage Employees. Effective February there will be established a Savings Plan for all wage employees. The plan will have two components; an Employee Savings Plan (ESP) and a Group Registered Retirement Savings Plan (Group The Company will contribute an amount on a per pay basis to an account established for each employee. The amount contributed will be as follows: Effective February Effective February Effective February The employee may direct all of the Company’s contribution to either the Group or to the ESP. Each employee may elect to make voluntary contributions through payroll deduction to either plan component. Contributions to the Group are on a basis. Voluntary contributions to the Group will be limited to the employee’s annual maximum room. All Administrative fees of the plan will be paid by the Company. Note:
Sample 1

Related to Savings Plan for Wage Employees

  • Salaried Employees 1. Employees in this unit who qualify for exemption from the FLSA overtime provisions based upon duties and who are assigned to a class or pay grade, if the class has multiple pay grades, with a top step regular biweekly rate, without bonuses, above the top step regular biweekly rate for the class of Shift Superintendent Wastewater Treatment I shall be treated as salaried employees, in accordance with the provisions of the FLSA as identified in Los Angeles Administrative Code section 4.113(b). Salaried employees may be assigned 5/40, 4/10, 9/80 or other schedules at the discretion of Management. Notwithstanding any LAAC and MOU provisions, or other City department rules and regulations to the contrary, these employees shall not be required to record specific hours of work for compensation purposes, although hours may be recorded for other purposes. These employees will be paid the predetermined salary for each biweekly pay period, as indicated in the appropriate salary appendices, and shall not receive overtime compensation. Salaried employees shall not be subject to deductions from salary or any leave banks for absence from work for less than a full workday. This provision applies to occasional partial day absences from work which is authorized by the appropriate supervisor designated by management. This provision does not apply to long-term or recurring partial day absences (e.g., intermittent leave/reduced work schedule for purposes of Family/Medical Leave). Salaried employees shall not be subject to disciplinary suspension for a period of less than a workweek (seven days; half of the biweekly pay) unless based on violations of a safety rule of major significance. This requirement shall be superseded by the revised Department of Labor FLSA regulations pertaining to disciplinary suspensions of FLSA-exempt employees on the operative date of the FLSA regulations. The appointing authority of each City department may grant time off for hours worked due to unusual situations.

  • Promoted Employees 1. An employee who has served one-half (1/2) or more of the time required to be considered for their next step increase, shall upon promotion to a position in a higher wage range in the Bargaining Unit, be placed at Step A of the higher range or such other step as will provide an increase of two

  • Retirement Plans In connection with the individual retirement accounts, simplified employee pension plans, rollover individual retirement plans, educational IRAs and XXXX individual retirement accounts (“XXX Plans”), 403(b) Plans and money purchase and profit sharing plans (collectively, the “Retirement Plans”) within the meaning of Section 408 of the Internal Revenue Code of 1986, as amended (the “Code”) sponsored by a Fund for which contributions of the Fund’s shareholders (the “Participants”) are invested solely in Shares of the Fund, JHSS shall provide the following administrative services:

  • Retirement Plan The 2.7% at 55 retirement plan will be available to eligible bargaining unit members covered by this Section 6.1.1.

  • TIME EMPLOYEES 61.01 Definition Part-time employee means an employee whose weekly scheduled hours of work on average are less than those established in Article 24 (Hours of Work) but not less than those prescribed in the Federal Public Sector Labour Relations Act.

  • Shift Employees Employees who work rotating shift patterns or those who work qualifying shifts shall be entitled, on completion of 12 months employment on shift work, to up to an additional 5 days annual leave, based on the number of qualifying shifts worked. The entitlement will be calculated on the annual leave anniversary date. Qualifying shifts are defined as a shift which involves at least 2 hours work performed outside the hours of 8.00am to 5.00pm, excluding overtime. Number of qualifying shifts per annum Number of days additional leave per annum 121 or more 5 days 96 – 120 4 days 71 – 95 3 days 46 – 70 2 days 21 – 45 1 day

Time is Money Join Law Insider Premium to draft better contracts faster.