Common use of Union Supplemental Retirement Clause in Contracts

Union Supplemental Retirement. The County agrees to allow members of this bargaining unit to participate in the LIUNA Pension Fund. The County agrees to contribute $96.00 per month to the employees account with this fund. Retroactive to July 1 2012, as determined by LIUNA Pension Fund (“Fund”), and continuing through the repayment period (currently set at ten (10) years) of the Funding Rehabilitation Plan (“Plan”) adopted July 26, 2010 by the Fund, the County of Xxxxx agrees to contribute to said Plan in accordance with the Preferred Schedule for contribution and accrual rates (Appendix C – the Xxxxx County Mid Managers Association line commences at 60 cents as the contribution rate prior to adoption of Schedule) subject to the agreed-upon condition by the Xxxxx County Mid Managers Association that effective the first full pay period after May 1, 2013 (May 12, 2013) and continuing through the repayment period, the members of the Xxxxx County Mid Managers Association will pay to the County, through payroll deductions, the difference between the Preferred Schedule contribution and accrual rates and the Default Schedule contribution and accrual rates. The Payroll deductions referred to in this Article shall be implemented in the form of pre-tax deductions so that the salary ranges of the affected employee positions are not lowered. It is further agreed that in no event will the County pay more than the current Default Schedule for contribution and accrual rates on and after May 12, 2013 even if the Fund or some other entity determines at a subsequent date to change the rate formula; that is, the members of the Xxxxx County Mid Managers Association will pay to the County any and all difference through payroll deductions between the current Default Schedule and any Preferred Schedule even if both are revised in future years for the duration of the repayment period.

Union Supplemental Retirement. The County agrees to allow members of this bargaining unit to participate in the LIUNA Pension Fund. The County agrees to contribute $96.00 per month to the employees account with this fund. Retroactive to July 1 2012, as determined by LIUNA Pension Fund (“Fund”), and continuing through the repayment period (currently set at ten (10) years) of the Funding Rehabilitation Plan (“Plan”) adopted July 26, 2010 by the Fund, the County of Xxxxx agrees to contribute to said Plan in accordance with the Preferred Schedule for contribution and accrual rates (Appendix C – the Xxxxx County Mid Managers Association line commences at 60 cents as the contribution rate prior to adoption of Schedule) subject to the agreed-upon condition by the Xxxxx County Mid Managers Association that effective the first full pay period after May 1, 2013 (May 12, 2013) and continuing through the repayment period, the members of the Xxxxx County Mid Managers Association will pay to the County, through payroll deductions, the difference between the Preferred Schedule contribution and accrual rates and the Default Schedule contribution and accrual rates. The Payroll deductions referred to in this Article shall be implemented in the form of pre-tax deductions so that the salary ranges of the affected employee positions are not lowered. It is further agreed that in no event will the County pay more than the current Default Schedule for contribution and accrual rates on and after May 12, 2013 even if the Fund or some other entity determines at a subsequent date to change the rate formula; that is, the members of the Xxxxx County Mid Managers Association will pay to the County any and all difference through payroll deductions between the current Default Schedule and any Preferred Schedule even if both are revised in future years for the duration of the repayment period.