Superannuation Plan Sample Clauses

Superannuation Plan. The Employer shall participate in the pension plan in accordance with the Pension (Municipal) Act.
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Superannuation Plan. (a) Members shall contribute to the Municipal Pension Plan commencing on the first of the month following a member's date of hire. (b) A member who prior to April 1, 2007 had purchased from the Municipal Pension Plan the time served by the member in a probationary period with their current employer (which had not before been considered as pensionable service) shall be reimbursed fifty per cent (50%) of the purchase cost by their employer upon the member producing the receipt and provided the member has reached the minimum retirement age.
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Superannuation Plan. (a) Members shall contribute to the Public Service Pension Plan commencing on the first of the month following a member's date of hire. (b) The Board will pay a further two percent (2%) into the superannuation fund and the members shall contribute a further two percent (2%) to the same fund all in accordance with the terms of an Agreement entered into between the Commissioner of Municipal Superannuation, of the one part, and the Corporation of the District of Oak Bay, of the other part.
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Superannuation Plan. ‌ Members shall contribute to the Public Service Pension Plan commencing on the first of the month following a member's date of hire.
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Superannuation Plan effective January 1, 1985, superannuation coverage is mandatory for all legislative employees.
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Superannuation Plan. All newly hired regular employees, upon completion of their probationary period, shall participate under the Pension (Municipal) Act, subject to the terms and conditions of such Act.
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Superannuation Plan. The Authority will not take any steps to remove or support the removal or support any alteration of the Fraser River Pilots from the superannuation plan, or any other of the benefits while this Agreement is in force without the prior agreement of the Guild. Signed at Vancouver, BC this 28th day of March, 2023 SCHEDULE "A"‌ Between: The Pacific Pilotage Authority Canada And: The Canadian Merchant Service Guild (Covering Pilots' employed in Area 1) 1. The Authority shall pay to each Area 1, Class 1, Licensed Marine Pilot, the following rates of pay for the term of the attached Agreement: Effective: One time increase of 2.8% for tethered tanker assignments Feb 1/2023 V-CPI (6.41%) Feb 1/2024 3% or V-CPI* Feb 1/2025 3% or V-CPI* Feb 1/2026 3.5% or V-CPI* Annual 239,968.20 255,350.16 263,010.66 270,900.98 280,382.51 Monthly 19,997.35 21,279.18 21,917.56 22,575.08 23,365.21 28 Day 18,396.83 19,576.06 20,163.34 20,768.24 21,495.13 14 Day 9,198.42 9,788.03 10,081.67 10,384.12 10,747.57 Calendar 657.03 699.15 720.12 741.72 767.68 Leave 814.72 866.95 892.95 919.73 951.92 Duty 1,471.75 1,566.10 1,613.07 1,661.45 1,719.60 Hourly 122.65 130.51 134.42 138.45 143.30 Double 245.30 261.02 268.84 276.90 286.60 2. Class II Licensed Marine Pilots shall receive eighty-six and one-half per cent (86½ %) of the applicable sums specified in the above wage table during their first year of service.
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Related to Superannuation Plan

  • Superannuation 23.1 Superannuation contributions must be paid in accordance with this clause and the Superannuation Guarantee Administration Act 1992 (Cth), which will satisfy the Employer’s obligation regarding making superannuation contributions under the NES. 23.2 Subject to applicable legislation regarding choice of fund and/or stapled funds, the Employer will make superannuation payments on behalf of each Employee into CBUS as the default fund. 23.3 The level of contributions paid on behalf of each Employee (other than an Apprentice) will be, at a minimum, $280 per week. 23.4 Pro-rata payment does not apply, except in the case of flexible working arrangements entered into pursuant to clause 14.2.. 23.5 The level of contributions paid on behalf of each Apprentice must be, at a minimum: 1st Year - 55% 2nd Year – 70% 3rd Year – 85% 4th Year – 100% Minimum contribution $154.00 $196.00 $238.00 $280.00 23.6 The above contributions may be counted by the Employer as an offset against any payments otherwise required to be made by the Employer to avoid the Employer being required to pay the superannuation guarantee charge under 23.7 All superannuation contributions will be paid at least monthly subject to the relevant governing trust deed, rules and/or legislation.

  • Superannuation fund Unless, to comply with superannuation legislation, the employer is required to make the superannuation contributions provided for in Clause 24(b) to another superannuation fund that is chosen by the employee, the employer must make the superannuation contributions provided for in Clause 24(b) and pay the amount authorised under Clauses 24(d)(i) or 24(d)(ii) to one of the following superannuation funds: (i) Health Employees Superannuation Trust of Australia (HESTA); (ii) any superannuation fund to which the employer was making superannuation contributions for the benefit of its employees before 12 September 2008, provided the superannuation fund is an eligible choice fund and is a fund that offers a MySuper product or is an exempt public sector scheme.

  • 401(k) Plan Executive shall be entitled to participate in the Company’s 401K plan in accordance with its terms and conditions.

  • Profit Sharing Plan Under the Northrim BanCorp, Inc. Profit Sharing Plan (the “Plan”), Executive shall be eligible to receive an annual profit share based on performance as defined by the Board of Directors. Executive will be classified in the Executive tier under the Plan’s Responsibility Factors. If Employer is required to prepare an accounting restatement due to “material noncompliance of the Employer,” the Employer will recover from the Executive any incentive compensation during the three (3) years prior to the date of the restatement, in excess of what would have been paid under the restatement. Executive’s signature on this Agreement authorizes Employer to offset or deduct from any compensation Employer may owe Executive, any excess payments (in whole or in part) that Executive may owe Employer due to such restatement(s).

  • Retirement Plans (a) In connection with the individual retirement accounts, simplified employee pension plans, rollover individual retirement plans, educational IRAs and ▇▇▇▇ individual retirement accounts (“▇▇▇ Plans”), 403(b) Plans and money purchase and profit sharing plans (“Qualified 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, Transfer Agent shall provide the following administrative services: (i) Establish a record of types and reasons for distributions (i.e., attainment of eligible withdrawal age, disability, death, return of excess contributions, etc.); (ii) Record method of distribution requested and/or made; (iii) Receive and process designation of beneficiary forms requests; (iv) Examine and process requests for direct transfers between custodians/trustees, transfer and pay over to the successor assets in the account and records pertaining thereto as requested; (v) Prepare any annual reports or returns required to be prepared and/or filed by a custodian of a Retirement Plan, including, but not limited to, an annual fair market value report, Forms 1099R and 5498; and file same with the IRS and provide same to Participant/Beneficiary, as applicable; and (vi) Perform applicable federal withholding and send Participants/Beneficiaries an annual TEFRA notice regarding required federal tax withholding. (b) Transfer Agent shall arrange for PFPC Trust Company to serve as custodian for the Retirement Plans sponsored by a Fund. (c) With respect to the Retirement Plans, Transfer Agent shall provide each Fund with the associated Retirement Plan documents for use by the Fund and Transfer Agent shall be responsible for the maintenance of such documents in compliance with all applicable provisions of the Code and the regulations promulgated thereunder.