STEELWORKERS MEMBERS’ PENSION BENEFIT PLAN Sample Clauses

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.
Sample 1Sample 2Sample 3See All (15)
AutoNDA by SimpleDocs
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.
Sample 1Sample 2Sample 3See All (6)
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)
Sample 1
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.
Sample 1
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.
Sample 1

Related to STEELWORKERS MEMBERS’ PENSION BENEFIT PLAN

  • Pension Benefits Each party reserves the right to retain as his or her sole and absolute separate property, the entire interest in pension benefits now vested, or that become vested in the future, and the right to manage, control, transfer, and convey all such property and dispose of the same by will, beneficiary designation or otherwise, without any interference from the other. The parties acknowledge that this Agreement shall constitute an effective waiver of any rights in the other's pension benefit plans. Furthermore, each party agrees to execute whatever additional waiver document may be necessary or useful to confirm such waiver of rights to the other party's pension benefit plans.

  • Sick Leave Benefit Plan The Sick Leave Benefit Plan will provide sick leave days and short term disability days for reasons of personal illness, personal injury, including personal medical appointments and personal dental appointments.

  • Pension Plan 15.01 The CLAC Pension Plan (“the Plan”), a defined contribution pension plan, is registered with the Canada Revenue Agency. The Plan applies to all employees covered by this Agreement.

  • Defined Benefit Pension Plan 1. The Employer and the Union hereby agree to the continuation of the existing Northern California Glaziers, Architectural Metal and Glass Workers Pension Trust Agreement ("Defined Benefit Pension Trust").

  • Benefit Plan If an employee maintains coverage for benefit plans while on maternity or parental leave, the Employer agrees to pay the Employer's share of these premiums.

  • Extended Health Benefit Plan (a) All regular and probationary employees after three (3) months employment will be covered by a one hundred percent (100%) Extended Health Benefit Plan with the standard $100.00 deductible. The City will pay eighty percent (80%) of the costs and the twenty percent (20%) deduction for employees shall be made through payroll deductions. The extended health lifetime maximum will be $1,000,000.

  • Pension Plans Any of the following events shall occur with respect to any Pension Plan:

  • Pension All present employees enrolled in the Hospital's pension plan shall maintain their enrolment in the plan subject to its terms and conditions. New employees and employees not yet eligible for membership in the plan shall, as a condition of employment, enroll in the plan when eligible in accordance with its terms and conditions.

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