Common use of STEELWORKERS MEMBERS’ PENSION BENEFIT PLAN Clause in Contracts

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. The Employer shall contribute a fixed amount of one (1) percent of employee’s total earnings gross wages and two (2) percent of total earnings gross wages 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. The Employer shall contribute a fixed amount of one (1) percent of employee’s total earnings gross wages and two three (23) percent of total earnings gross wages 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.