Contribution Rates (a) The Employer's contribution rate to the pension fund shall be as per paragraph (b) below. The Employer shall also deduct from each employee's gross monthly earnings three percent (3%) and remit that amount together with the Employer's required contribution on behalf of each employee to the pension fund in the years 2016/2017/2018/2019/2020/2021.
Overhead Rates The Engineer shall use the provisional overhead rate indicated in Attachment E. If a periodic escalation of the provisional overhead rate is specified in Attachment E, the effective date of the revised provisional overhead rate must be included. For lump sum contracts, the overhead rate remains unchanged for the entire contract period.
SALARY RATES Section 12.1 The following shall apply to full-time employees:
Minimum Salaries 12.1 The minimum base salary for all Bargaining Unit members shall be as follows: Rank Effective 9/1/2016 Professor $77,510 Assoc. Professor $62,520 Asst. Professor $51,325 Instructor $43,835 Senior Librarian $77,510 Assoc. Sr. Librarian $66,270 Assoc. Librarian $60,730 Asst. Librarian $51,325 Beg. Librarian $43,835 Faculty Members earning a base salary below the effective minima shall move to the new minima and receive any across-the-board and compression increase under Article 10 on his or her minima. Faculty Members who will receive regional campus increases under Article 10 of this Agreement shall receive those increases before any adjustment to meet the minimum salary required by this Article.
SALARY SACRIFICE ARRANGEMENTS 34.1 Employees covered by this Agreement will have access to salary sacrifice arrangements in addition to the compulsory arrangement detailed above. The requirements of any such arrangements shall ensure that:
Accrual Rates All eligible employees shall accrue vacation pay according to the following rates:
Mileage Rates The mileage rate shall be the maximum allowed by the Internal Revenue Service. If the IRS rate should change during the term of the contract, the contract rate shall change also on the date specified by the IRS.