Trust Funds Pension Plan Sample Clauses

Trust Funds Pension Plan. The Contractor, on behalf of each employee, and each employee covered by the Appendix, shall contribute the amounts set out below to the Specialized Workers' Pension Trust Fund. Contributions shall apply to all hours worked and shall be collected at the source as a payroll deduction. The Contractor's contribution shall be: Effective May 1, 2016 $2.39 per hour Effective May 1, 2017 $2.49 per hour Effective May 1, 2018 $2.64 per hour Effective May 1, 2019 $2.74 per hour The Employee's contribution shall be: Effective May 1, 2013 $0.60 per hour Health & Welfare The Contractor, on behalf of each employee, and each employee covered by the Appendix, shall contribute the amounts set out below to the Specialized Workers' Health and Welfare Trust Fund. Contributions shall apply to all hours worked and shall be collected at the source as a payroll deduction. The Contractor's contribution shall be: Effective May 1, 2016 $0.50 per hour Effective May 1, 2017 $0.55 per hour Effective May 1, 2018 $0.55 per hour Effective May 1, 2019 $0.60 per hour The Employee's contribution shall be: Effective May 1, 2013 $0.70 per hour Submission of Trust Funds The Contractor shall forward the above Trust Fund contributions to the designated Administrators of each plan on or before the fifteenth day (15th) of each month following the month in which contributions were made. A form shall be supplied by the Union for the Contractor to identify the application of all contributions, and such form shall indicate the Administrator and the address to which contributions shall be forwarded.
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Trust Funds Pension Plan. The Contractor, on behalf of each employee, and each employee covered by the Appendix, shall contribute the amounts set out below to the Specialized Workers' Pension Trust Fund. Contributions shall apply to all hours worked and shall be collected at the source as a payroll deduction. Appendix No. 1 The Contractor's contribution shall be: Effective September 26, 2007 $1.99 per hour The Employee's contribution shall be: Effective September 26, 2007 $0.55 per hour Health & Welfare The Contractor, on behalf of each employee, and each employee covered by the Appendix, shall contribute the amounts set out below to the Specialized Workers' Health and Welfare Trust Fund. Contributions shall apply to all hours worked and shall be collected at the source as a payroll deduction. The Contractor's contribution shall be: Effective September 26, 2007 $0.40 per hour The Employee's contribution shall be: Effective September 26, 2007 $0.70 per hour Submission of Trust Funds The Contractor shall forward the above Trust Fund contributions to the designated Administrators of each plan on or before the fifteenth day (15th) of each month following the month in which contributions were made. A form shall be supplied by the Union for the Contractor to identify the application of all contributions, and such form shall indicate the Administrator and the address to which contributions shall be forwarded.
Sample 1

Related to Trust Funds Pension Plan

  • Canada Pension Plan All employees shall participate in and contribute to the Canada Pension Plan in accordance with the applicable legislation. The College will contribute to the plan for each employee, to the extent provided for in the applicable legislation.

  • Municipal Pension Plan (i) All newly hired regular employees shall participate under the Municipal Pension Plan, subject to the terms and conditions of such Plan, from their initial date of hire as a regular employee.

  • Defined Benefit Pension Plan 1. The Employer and the Union hereby agree to the continuation of the existing Northern California Glaziers, Architectural Metal and Glass Workers Pension Trust Agreement ("Defined Benefit Pension Trust").

  • Retirement and Pension Account A retirement or pension account maintained in Singapore that satisfies the following requirements under the laws of Singapore.

  • Multiple Individual Retirement Accounts In the event the depositor maintains more than one Individual Retirement Account (as defined in Section 408(a)) and elects to satisfy his or her minimum distribution requirements described in Article IV above by making a distribution from another individual retirement account in accordance with Item 6 thereof, the depositor shall be deemed to have elected to calculate the amount of his or her minimum distribution under this custodial account in the same manner as under the Individual Retirement Account from which the distribution is made.

  • SIMPLE Individual Retirement Custodial Account (Under section 408(p) of the Internal Revenue Code) The participant named above is establishing a savings incentive match plan for employees of small employers individual retirement account (SIMPLE IRA) under sections 408(a) and 408(p) to provide for his or her retirement and for the support of his or her beneficiaries after death. The custodian named above has given the participant the disclosure statement required by Regulations section 1.408-6. The participant and the custodian make the following agreement:

  • 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.

  • Contributions to Individual Account Programs As of the date that an employee becomes a member of the Individual Account Program established by Section 29 of Chapter 733, Oregon Laws 2003 and pursuant to Section 3 of that same chapter, the State will pay an amount equal to six percent (6%) of the employee’s monthly salary, not to be deducted from the salary, as the employee’s contribution to the employee’s account in that program. The employee’s contributions paid by the State under this Section 2 shall not be considered to be “salary” for the purposes of determining the amount of employee contributions required to be contributed pursuant to Section 32 of Chapter 733, Oregon Laws 2003.

  • Oregon Public Service Retirement Plan Pension Program Members For purposes of this Section 2, “employee” means an employee who is employed by the State on or after August 29, 2003 and who is not eligible to receive benefits under ORS Chapter 238 for service with the State pursuant to Section 2 of Chapter 733, Oregon Laws 2003.

  • Traditional Individual Retirement Custodial Account The following constitutes an agreement establishing an Individual Retirement Account (under Section 408(a) of the Internal Revenue Code) between the depositor and the Custodian.

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