SUPPLEMENTARY RETIREMENT FUND Sample Clauses

SUPPLEMENTARY RETIREMENT FUND. For each employee covered by this Agreement, the Employer will contribute to the Iron Workers Supplementary Retirement Fund the amount set forth in Article IX. Title to all contributions paid into and/or due and owing the Fund will be vested in and remain exclusively in the Trustees of the Fund. Contributions become vested plan assets at the time they become due and owing to the Fund. The parties agree that sufficient contributions will be made available to the Supplementary Retirement Fund to support any rehabilitation/funding improvement schedule adopted by the Board of Trustees pursuant to the Pension Protection Act (PPA). The money required for such rehabilitation/funding improvement schedule will come from the package. The Iron Workers Local No. 340 will not be responsible to allocate or to pay any surcharge required of the Employer subject to the Pension Protection Act.
Sample 1
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Related to SUPPLEMENTARY RETIREMENT FUND

  • Retirement Fund The sum of $ 7.90, May 1, 2019 (May 1, 2020 $8.07; May 1, 2021 $ 8.24) per paid hour; ex- cept that Apprentices starting after April 30, 1997 will have this amount pro-rated in ac- cordance with their term level;

  • Mandatory Retirement Retirement shall be mandatory only to the extent required by law.

  • Broad Participation Retirement Fund A fund established in The Bahamas to provide retirement, disability, or death benefits, or any combination thereof, to beneficiaries that are current or former employees (or persons designated by such employees) of one or more employers in consideration for services rendered, provided that the fund:

  • Non-Retirement Savings Accounts An account maintained in the Cayman Islands (other than an insurance or Annuity Contract) that satisfies the following requirements under the laws of the Cayman Islands.

  • REGISTERED RETIREMENT SAVINGS PLAN 1. In this Article:

  • Deferred Retirement a. An employee who, upon separation from County service, is eligible for paid retirement and elects deferred retirement must defer participation in the Grant until such time as he or she becomes an active retiree.

  • Early Retirement Option The District may offer an early retirement incentive for unit members.

  • Supplemental Compensation Pursuant to Section 7 of the Agreement, Supplemental Compensation will be paid as follows:

  • Narrow Participation Retirement Fund A fund established in Guernsey to provide retirement, disability, or death benefits to beneficiaries that are current or former employees (or persons designated by such employees) of one or more employers in consideration for services rendered, provided that:

  • Retirement Options The Xxxxxxx Community College Board of Trustees may at its discretion grant one of the following retirement incentive plans to eligible faculty. The unit member must elect and may participate in only one of the three following retirement plans:

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