Common use of UNION PENSION PLAN Clause in Contracts

UNION PENSION PLAN. Any unit of the university system at which all employees covered by this agreement sign a petition indicating a desire to participate in the union pension plan shall sign the required trust documents and make the designated contributions to the pension plan in lieu of wages. Subsequent increases in the amount of the contribution may be implemented in the same manner. It is understood that the employer’s participation in the union pension plan must be consistent with state and federal law and may be discontinued if it is determined to be unlawful.

UNION PENSION PLAN. ‌ Any unit of the university system at which all employees covered by this agreement sign a petition indicating a desire to participate in the union pension plan shall sign the required trust documents and make the designated contributions to the pension plan in lieu of wages. Subsequent increases in the amount of the contribution may be implemented in the same manner. It is understood that the employer’s participation in the union pension plan must be consistent with state and federal law and may be discontinued if it is determined to be unlawful.