STEELWORKERS MEMBERS’ PENSION BENEFIT PLAN. 26.01 The Employer shall contribute a fixed amount of one per cent (1%) of employee's total earnings to the Steelworkers Members' Pension Benefit Plan ("Plan") on behalf of each employee for each pay period. Pension contributions begin once an employee achieves Level 3 or twelve (12) months of employment whichever occurs first. Effective April 1, 2011, Employer contribution increases to four percent (4%) of total earnings provided employees MUST contribute a matching four percent (4%) of total earnings to Pension Plan or Group RRSP designated and administered by the Union.
STEELWORKERS MEMBERS’ PENSION BENEFIT PLAN. The Employer shall contribute a fixed amount of one (1) percent of employee’s total earnings and two (2) percent of total earnings of employees’ with ten (10) years or more of service to the Steelworkers Members’ Pension Benefit Plan (“Plan”) on behalf of each employee for each pay period. Pension contributions will be made for all “deemed hired” employees who, immediately prior to being “deemed hired”, were already participating in the “Plan”. Employees hired on or before June 30, 2014, shall be enrolled into the “Plan” after 12 months of employment. For all employees hired on or after July 1, 2014, and all other “deemed hired” employees, pension contributions will begin once an employee achieves twenty-four (24) months of employment.
STEELWORKERS MEMBERS’ PENSION BENEFIT PLAN. A. The Company will contribute for each hour actually worked by the employee to the Steelworkers Members Pension Benefit Plan in accordance with the following schedule: Effective Date Contribution Per Hour Worked December 1, 2005 One dollar and fifty cents ($1.50) December 1, 2006 One dollar and sixty cents ($1.60) December 1, 2007 One dollar and seventy cents ($1.70)
STEELWORKERS MEMBERS’ PENSION BENEFIT PLAN. A. The Company will contribute for each hour actually worked by the employee to the Steelworkers Members Pension Benefit Plan in accordance with,the following schedule: Effective Date December December I, December Contribution Per Hour Worked One dollar and fifty cents One dollar and sixty cents ($1.60) One dollar and seventy cents ($1.70) Hours to be compensated for following the approval by the government to begin payment to the Steelworkers Members Benefit Pension Plan will be straight time hours actually worked and that portion of overtime which is straight time hours for those employees who have completed the probationary period defined in the Collective Agreement. Provided the Union leave of absence is requested in advance as per the Collective Agreement, the Company agrees to pay contributions for those employees on such leave at the end of the year for hours actually lost by the employee on such Union leave. The contributions will be made to the Fund by the fifteenth (15th) day of the month following the month in which the contributions were earned.
STEELWORKERS MEMBERS’ PENSION BENEFIT PLAN. 26.01 Effective on ratification, the Employer shall contribute a fixed amount of two per cent (2%) of employee's total earnings to the Steelworkers Members' Pension Benefit Plan ("Plan") on behalf of each employee for each pay period, provided employees MUST contribute a matching two percent (2%) of total earnings to the Plan. Pension contributions begin once an employee achieves Level 3 or twelve (12) months of employment whichever occurs first. Effective April 1, 2014, the Employer contribution increases to three percent (3%) of total earnings provided employees MUST contribute a matching three percent (3%) of total earnings to the Plan. Effective March 31, 2015, the Employer contribution increases to four percent (4%) of total earnings provided employees MUST contribute a matching four percent (4%) of total earnings to the Plan.
