Common use of SUPPLEMENTAL RETIREMENT AND SAVINGS FUND Clause in Contracts

SUPPLEMENTAL RETIREMENT AND SAVINGS FUND. The Employer shall participate in the Building Service 32BJ Supplemental Retirement and Savings Fund (“SRSP”) in accordance with the terms and conditions of such Fund, as it may be amended, at no cost to the Employer. The Employer shall make contributions to the SRSP to cover employees covered by this Agreement with Employer contributions, as well as tax exempt employee-initiated wage deferrals as provided by the plan and/or plan rules and payable how and when the Trustees determine. The Employer shall contribute to the SRSP on behalf of all Employees whatever portion of the Hourly Benefit Amount remains after funding the health (if any) benefits set forth in Paragraph 2(A) above. By way of example, for a Full-Time Employee receiving health benefits, the January 1, 2023 calculation shall be as follows: Hourly Benefit Amount: $4.80 Health Benefit Amount ($4.41) Remaining Amount $0.39 per hour To be contributed to SRSP In the event that an employee’s monthly health and welfare fringe is insufficient to cover monthly medical premiums, the employer may make deductions from SRSP payments in subsequent payroll periods until such time as the medical premium deficiency is repaid. Part-time employees shall have their entire Hourly Benefit Amount contributed to the SRSP.

SUPPLEMENTAL RETIREMENT AND SAVINGS FUND. The Employer shall participate in the Building Service 32BJ Supplemental Retirement and Savings Fund (“SRSP”) in accordance with the terms and conditions of such Fund, as it may be amended, at no cost to the Employer. The Employer shall make contributions to the SRSP to cover employees covered by this Agreement with Employer contributions, as well as tax exempt employee-initiated employee wage deferrals as provided by the plan and/or plan rules and payable how and when the Trustees determine. The Employer shall contribute to the SRSP on behalf of all Employees whatever portion of the Hourly Benefit Amount remains after funding the health (if any) ), training, and legal benefits set forth in Paragraph 2(A) and 2(B) above. By way of example, for a Full-Time Employee receiving health benefits, the January 1, 2023 calculation shall be as follows: Hourly Benefit Amount: $4.80 - Health Benefit Amount ($4.41) - Legal Benefit Deduction ($0.11) Remaining Amount $0.39 0.28 per hour To be contributed to SRSP In the event that an employee’s monthly health and welfare fringe is insufficient to cover monthly medical premiums, the employer may make deductions from SRSP payments in subsequent payroll periods until such time as the medical premium deficiency is repaid. Part-time employees shall have their entire Hourly Benefit Amount contributed to the SRSPSRSP after funding the Training and Legal benefits set forth above.

SUPPLEMENTAL RETIREMENT AND SAVINGS FUND. The Employer shall participate in the Building Service 32BJ Supplemental Retirement and Savings Fund (“SRSP”) in accordance with the terms and conditions of such Fund, as it may be amended, at no cost to the Employer. The Employer shall make contributions to the SRSP to cover employees covered by this Agreement with Employer contributions, as well as tax exempt employee-employee initiated wage deferrals as provided by the plan and/or plan rules and payable how and when the Trustees determine. The Employer shall contribute to the SRSP on behalf of all Employees whatever portion of the Hourly Benefit Amount remains after funding the health (if any) benefits set forth in Paragraph 2(A) above. By way of example, for a Full-Time Employee receiving health benefits, the January 1, 2023 calculation shall be as follows: Hourly Benefit Amount: $4.80 - Health Benefit Amount ($4.41) Remaining Amount $0.39 per hour To be contributed to SRSP In the event that an employee’s monthly health and welfare fringe is insufficient to cover monthly medical premiums, the employer may make deductions from SRSP payments in subsequent payroll periods until such time as the medical premium deficiency is repaid. Part-time employees shall have their entire Hourly Benefit Amount contributed to the SRSP.

SUPPLEMENTAL RETIREMENT AND SAVINGS FUND. The Effective April 1, 2020, the Employer shall participate in the Building Service 32BJ Supplemental Retirement and Savings Fund (“SRSP”) in accordance with the terms and conditions of such Fund, as it may be amended, at no cost to the Employer. The Employer shall make contributions to the SRSP to cover employees covered by this Agreement with Employer contributions, as well as tax exempt employee-initiated employee wage deferrals as provided by the plan and/or plan rules and payable how and when the Trustees determine. The Employer shall contribute to the SRSP on behalf of all Employees whatever portion of the Hourly Benefit Amount remains after funding the health (if any) and legal benefits set forth in Paragraph 2(A) and 2(B) above. By way of example, for a Full-Time Employee receiving health benefits, the January 1, 2023 calculation shall be as follows: Hourly Benefit Amount: $4.80 - Health Benefit Amount ($4.41) - Legal Benefit Deduction ($0.11) Remaining Amount $0.39 0.28 per hour To be contributed to SRSP In the event that an employee’s monthly health and welfare fringe is insufficient to cover monthly medical premiums, the employer may make deductions from SRSP payments in subsequent payroll periods until such time as the medical premium deficiency is repaid. Part-time employees shall have their entire Hourly Benefit Amount contributed to the SRSPSRSP after funding the Legal benefits set forth above.