Savings Plan for Wage Employees. (a) Effective February 1, 1995, there will be established a Savings Plan for all wage employees
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
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
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
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 January Effective August 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 Pension Committee Agreement Compensation of Chief Xxxxxxx Summer Students Leave of Absence for Union Business Employee Elected to Full-time Union Office Union Executive Safety. Health. Environment Rep (Floater) Holidays Maintenance Requirements and Contracting Out Straight Time Payment for Specified Training Education Programmes Safety. Health Industrial Relations Training Multi-Skilled Trades Training Programme Temporary Employees Contracting Out of Maintenance Work Wage Supervisors Temporary Pension Equalization Split Recall of regressed Maintenance tradespeople., Grandfathering regarding Qualifications Required in the Operating Students Movement of Lab employees currently working in the Operating units. or Progressions Inc. ONTARIO, CANADA February Xxxxx Xxxxx, Chief Xxxxxxx Local Unit) of Canada Street Ontario Dear Xxxxx: and Article This letter will serve to confirm the Company’s intention regarding the application of Article in selecting employees for vacant jobs. It being understood that seniority is the first consideration, in determination of ability in the application of Article an employee’s performance on the employee’s previous jobs will be given primary consideration. To the extent that a job selection test is used in assisting in the evaluation of an employee’s qualifications under Article (a) it is agreed as follows: Such tests shall be applied equitably to employees being c...
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:
