Common use of The Ironworkers Supplementary Pension Clause in Contracts

The Ironworkers Supplementary Pension. Trust Fund shall be administered as a Group RRSP by the Trust Administrator, who shall receive contributions as noted in 21A.01 above and who shall credit the amounts received to the individual accounts established for the Employees. Each employee will have credited to his/her account the full amount of the contribution submitted on his/her behalf. Each employee will be responsible for directing the Trust Administrator to invest contributions made on the individual’s behalf into his/her choice of the investment options available through the Trust Administrator. Administration fees charged by the Trust Administrator in respect to each employee's account will be paid directly from that employee's account or by such other arrangement as may be acceptable to the Trust Administrator.