Trust Contributions. Xxxxxx and Xxxxxxxx shall each pay Fifty Thousand Dollars ($50,000) towards the Trust Monies described in Section 6.1(a).
Trust Contributions. The contribution amounts specified in paragraphs (b) through (h) below shall be made to whichever of the following Trust Funds has appropriate jurisdiction: (1) xxx Xxxxxxxxxx Trust of Western Washington; (2) the Washington - Idaho - Montana Carpenters - Employers Trust; or (3) the Ore- gon - Washington Carpenters-Employers Trust .
Trust Contributions. The Employer understands and agrees that continued participation in the Trust and the continued coverage of employees and dependents is conditioned on the Employer making full and timely contributions to the Trust (or its designee) each month of the Plan Year. Failure to make full and timely contribution payments will result in claims payments being delayed and may result in termination of the Employer’s participation in the Trust. In addition, the Trustees may terminate an Employer’s participation in the Trust for a material failure to comply with the terms of this Agreement. Any early termination of the Employer’s participation, either by the Trust or by the Employer, will be subject to the Delinquent Contribution Policy in Appendix A.
Trust Contributions. 1. Effective January 1, 2023 and for the remainder of the term of this Agreement, the City’s contribution per employee will be equal to the monthly contribution contributed by the City per employee in the suppression bargaining unit represented by IAFF Local 452.
2. All Trust Contributions must be made to the Trust by the 10th day of the month. Trust Contributions will be made for each employee that is on the payroll as of the first of that month. Upon request of the Trust, the City agrees to facilitate an electronic or wire transfer of these funds to the Trust to expedite their delivery to the Trust.
3. If the City is delinquent in submitting contributions to the Trust, the City shall pay the Trust interest at a rate of 12% (twelve percent) per annum.
4. In the event the Trust determines that employee contributions to health care coverage are required, the City will make deductions from payroll upon request. Where required, written authorization from employees to allow for a pre-tax deduction pursuant to a cafeteria plan under Code Section 125 will be provided to the City prior to the time deductions are made. The parties will determine a procedure that facilitates this process, allows for pre-tax deductions where appropriate, and minimizes the administrative burden on the City.
5. The Trust will be responsible for all COBRA coverage (pursuant to federal requirements.)
6. The Trust will provide to the employee and the taxing authorities appropriate tax reporting forms for any employees receiving benefits that are considered taxable. The City shall fund the "employer" portion of any required payroll taxes (e.g. employer share of Medicare) associated with taxable medical, dental, and vision benefits, including those that may be payable with respect to a domestic partner coverage. In no event, will the City be responsible for any required payroll taxes beyond what the City was responsible for before the Trust was established. The Trust shall separately bill the City for any such payroll taxes that may be due.
Trust Contributions. The Employer, in its sole discretion, and subject to the terms of the Plan may at any time, or from time to time, make additional deposits of cash or other property in trust with the Trustee to augment the principal to be held, administered and disposed of by the Trustee as provided in this Trust Agreement. Neither the Trustee nor any Participant shall have any right to compel such additional deposits.
Trust Contributions. The Parties agree that the amount of City Contributions will be determined by the calculations and terms set out in the Healthcare Contract between the City and the Association.
Trust Contributions. The Authority may make regular contributions to the Trustee, including such amounts as determined by applicable actuarial reports prepared under GASB statements 43 and 45 or subsequent GASB statements to finance the payments of the post-employment benefit obligations, and such other amounts as the Authority may designate for those purposes (including contributions made by current employees, Participants and/or Beneficiaries if any).
Trust Contributions. (a) All parties signatory to this Agreement agree to abide by all the rules and regulations of Trust Documents of:
1. Xxxx County Electrical Worker’s Health and Welfare Trust. Employer contributions per equivalent straight time hour as stated in the appropriate wage and fringe benefit table in Section 3.35.
Trust Contributions. The Exchange, in its sole discretion, may at any time, or from time to time, make additional deposits of cash or other property in trust with the Trustee to be held, invested and distributed in accordance with the provisions of this Agreement.
Trust Contributions. A. The Airport’s Trust Contribution is calculated based upon the following negotiated amounts: Beginning January 1, 2024, the monthly contribution amount will be $2,588.64.
B. All Trust Contributions must be made to the Trust by the 25th day of the month or three days after the second pay day of each month, whichever is later, for the following month's coverage, with the exception that the first Trust Contribution will take place on November 1, 2015. Trust Contributions will be made for each Local 29 represented employee that is on the payroll (and not in an unpaid leave of absence status) as of the first of that month. An employee becomes eligible for medical on the 1st day of the month following their date of hire. Upon return from layoff, medical leave, or military leave, eligibility begins the 1st day of the month following the return.
C. If the Airport is delinquent in submitting contributions to the Trust, the Airport shall pay the Trust interest at a rate of 12% (twelve percent) per annum.
D. In the event the Trust determines that employee contributions to health care coverage are required the Airport will make deductions from payroll upon request. Where required, written authorization from employees to allow for a pre-tax deduction pursuant to a cafeteria plan under Code Section 125 will be provided to the Airport prior to the time deductions are made. The parties will determine a procedure that facilitates this process, allows for pre-tax deductions where appropriate, and minimizes the administrative burden on the Airport.
