WELFARE AND PENSION FUNDS Sample Clauses

WELFARE AND PENSION FUNDS. (a) The employer shall be obligated to contribute to the “Welfare Fund of Make-Up and Hair Stylists, Local 798” and the “Pension Fund of Make-Up Artists and Hair Stylists, Local 798” the following 10/2/16 through 9/30/17: $149.00 per day to the Local 798 Pension and Welfare Funds 10/1/17 through 9/29/18: $154.00 per day to the Local 798 Pension and Welfare Funds 9/30/18 through 9/30/19: $159.00 per day to the Local 798 Pension and Welfare Funds Notwithstanding the foregoing, the rate applicable for work in Baltimore, Maryland and Washington, D.C. shall be as follows: 10/2/16 through 9/30/17: $125.00 per day to the Local 798 Pension and Welfare Funds 10/1/17 through 9/29/18: $130.00 per day to the Local 798 Pension and Welfare Funds 9/30/18 through 9/30/19: $1135.00 per day to the Local 798 Pension and Welfare Funds The trustees of said funds shall determine how these amounts shall be distributed between the two funds. In no event shall the employer be required to make any contribution over and above these amounts at any time during the term of this agreement. The Welfare Fund is a trust fund established by an Agreement and Declaration of Trust entered into as of November 1, 1957, for the purpose of paying or providing medical, surgical, hospital and accident, disability, death or miscellaneous benefits to the persons covered by such Fund. Such Welfare Fund is administered by six (6) trustees, three (3) designated by Local 798, on the one hand, and three (3) designated by the Employers making such contributions to the Fund, on the other hand. The Pension Fund is a Trust established by an Agreement and Declaration of Trust entered into as of November 1, 1957 for the purpose of paying and/or providing Pension or Retirement benefits for the persons covered by such Fund. The Pension Fund is administered by a Board of six (6). Trustees, three (3) designated by Local 798, and three (3) designated by the Employers making contributions thereto. (b) Contributions as herein provided shall be due and payable on the first day of each month. The Employer agrees that, upon making each monthly payment to the Welfare Fund and the pension fund as hereinabove provided, it will furnish also a statement of the names of the Make-Up Artists and Hair Stylists, and the dates of their employment, on whose account the contributions covered are being made. If so required by the trustees, such statements shall be on forms supplied by the Fund and copies of same shall be sent simultane...

WELFARE AND PENSION FUNDS. (a) The employer shall be obligated to contribute to the IA National Benefit Fund the following: 10/1/13 through 9/30/14: $135.00 per day to the IA National Benefit Fund 10/1/14 through 9/30/15: $141.00 per day to the IA National Benefit Fund 10/1/15 through 9/30/16: $147.00 per day to the IA National Benefit Fund Notwithstanding the foregoing, the rate applicable for work in Baltimore, Maryland and Washington, D.C. shall be as follows: 10/1/13 through 9/30/14: $111.00 per day to the IA National Benefit Fund 10/1/14 through 9/30/15: $117.00 per day to the IA National Benefit Fund 10/1/15 through 9/30/16: $123.00 per day to the IA National Benefit Fund The trustees of said funds shall determine how these amounts shall be distributed between the two funds. In no event shall the employer be required to make any contribution over and above these amounts at any time during the term of this agreement. (b) Contributions as herein provided shall be due and payable on the first day of each month. The Employer agrees that, upon making each monthly payment to the Welfare Fund and the pension fund as hereinabove provided, it will furnish also a statement of the names of the Make-Up Artists and Hair Stylists, and the dates of their employment, on whose account the contributions covered are being made. If so required by the trustees, such statements shall be on forms supplied by the Fund and copies of same shall be sent simultaneously to Local 798. (c) The Trustees may compel payment of the, required contributions in any manner in which they may deem proper, but such right on the part of the trustees shall be without limitation upon Local 798’s rights and privileges in this connection. (d) The Employer shall not be liable in any respect because of the neglect, failure or refusal of any other employer to make payments to the Welfare Fund or to file reports required under the provisions of any agreement between any such other employer and Local 798.

WELFARE AND PENSION FUNDS. Welfare and pension fund payments shall be as set out in the appendices attached hereto. The administrationpractices for the above noted funds will be in accordance with the appropriate terms and conditions of the collective agreements expiring April In the event a Local Union wishes to establish such a plan then the plan shall be jointly and equally trusteed. The trustees will establish the administrative prac- tices and procedures subject to final approval by the parties to this agreement. In the event an employer fails to mail the contributions for the Health Plan and the Pension Plan by the fifteenth (15th) day of the month due, the Trustees may charge Interest at the rate of five (5%) percent per month for any delinquent con- tributions thirty (30) days in provided the employer has received five (5) days prior written notice to correct such delinquency. With reasonable cause, the Trustees may request an employer to submit to them within a stipulated period a certified audited statement of payroll contributions to these funds for a period not to exceed the period from the effective date of this agreement until the date the audit takes place. Such state- ments shall reply to the questions submitted to the employer by the trustees. If the employer does not submit the certified audited state- ment as per the Trustees may appoint an independent chartered accountant to enter upon the employer’s premises during regular business hours to perform an audit of the employer’s records only with respect to the employer’s con- tributions or deductions to the required Employee Benefit Plan. Where the Trustees appoint an auditor the cost shall be borne by the appropriate plan. In the event such audit reveals that the employer has failed to remit contributions in accordance with the provisions of this agreement, the employer shall, within five (5) days of receipt of written notice from the Trustees, remit all outstanding contributions along with completed supporting contribution report forms as required by the Plan.

WELFARE AND PENSION FUNDS. Welfare Fund A. The current Local 436 Health and Welfare Program and the Pension Plan are continued in force. B. The Employer agrees that a Health and Welfare Fund is established in the industry to be known as “Excavating and Building Material Drivers, Local Union No. 436 Welfare Fund.” The purposes of the Funds are: 1. To provide for the payment of sick and non-industrial accident benefits.

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Guaranteed Pension Plans Each contribution required to be made to a Guaranteed Pension Plan, whether required to be made to avoid the incurrence of an accumulated funding deficiency, the notice or lien provisions of §302(f) of ERISA, or otherwise, has been timely made. No waiver of an accumulated funding deficiency or extension of amortization periods has been received with respect to any Guaranteed Pension Plan, and neither the Borrower nor any ERISA Affiliate is obligated to or has posted security in connection with an amendment to a Guaranteed Pension Plan pursuant to §307 of ERISA or §401(a)(29) of the Code. No liability to the PBGC (other than required insurance premiums, all of which have been paid) has been incurred by the Borrower or any ERISA Affiliate with respect to any Guaranteed Pension Plan and there has not been any ERISA Reportable Event (other than an ERISA Reportable Event as to which the requirement of 30 days notice has been waived), or any other event or condition which presents a material risk of termination of any Guaranteed Pension Plan by the PBGC. Based on the latest valuation of each Guaranteed Pension Plan (which in each case occurred within twelve months of the date of this representation), and on the actuarial methods and assumptions employed for that valuation, the aggregate benefit liabilities of all such Guaranteed Pension Plans within the meaning of §4001 of ERISA did not exceed the aggregate value of the assets of all such Guaranteed Pension Plans, disregarding for this purpose the benefit liabilities and assets of any Guaranteed Pension Plan with assets in excess of benefit liabilities.
INSURANCE AND PENSION In accordance with RCW 41.80.010(7), the insurance and pension conditions for all members of the bargaining unit will be as follows. 26.1 For the 2017-2019 biennium, the Employer will contribute an amount equal to eighty-five percent (85%) of the total weighted average of the projected health care premium for each bargaining unit employee eligible for insurance each month, as determined by the Public Employees Benefits Board. The projected health care premium is the weighted average across all plans, across all tiers. 26.2 The point-of-service costs of the Classic Uniform Medical Plan (deductible, out-of-pocket maximums and co-insurance/co-payment) may not be changed for the purpose of shifting health care costs to plan participants, but may be changed from the 2014 plan under two (2) circumstances: 1. In ways to support value-based benefits designs; and 2. To comply with or manage the impacts of federal mandates. Value-based benefits designs will: 1. Be designed to achieve higher quality, lower aggregate health care services cost (as opposed to plan costs); 2. Use clinical evidence; and 3. Be the decision of the PEB Board. 26.3 Article 25.2 will expire June 30, 2019. 26.4 The PEB Program shall provide information on the Employer Sponsored Insurance Premium Payment Program on its website and in an open enrollment publication annually. 26.5 The Employer will pay the entire premium costs for each bargaining unit employee for basic life, basic long-term disability and dental insurance coverage.
Retirement, Welfare and Fringe Benefits During the Period of Employment, the Executive shall be entitled to participate in all employee pension and welfare benefit plans and programs, and fringe benefit plans and programs, made available by the Company to the Company’s employees generally, in accordance with the eligibility and participation provisions of such plans and as such plans or programs may be in effect from time to time.
Pension Fund 1. The Employer shall make contributions to a pension trust fund known as the “Building Service 32BJ Pension Fund” to cover bargaining unit employees who are regularly employed twenty (20) or more hours per week, including paid time off. The Employer shall also make contributions on behalf of other bargaining unit employees to the extent that such employees work a sufficient number of hours to require benefit accrual pursuant to Section 204 of ERISA. Employees unable to work and who are on statutory short term disability benefits or workers’ compensation shall continue to accrue pension credits without employer contributions during the periods of disability up to six (6) months or the period of disability whichever is earlier. 2. The Employer shall pay into the Fund the sum of $94.75 per week for every regular employee as defined in the Building Service Pension Plan, as it may be amended, except as provided in Section 4 hereof. 3. Effective January 1, 2015, the Employer shall pay into the Fund the sum of $98.75 per week for every regular employee. 4. If the Employer has in effect a pension and retirement plan which has been determined to provide benefits equivalent or superior to those provided under the Building Service 32BJ Pension Plan, it may continue such plan provided it continues to provide retirement benefits equivalent or superior to the benefits that are provided under the Building Service 32BJ Pension Plan during the term of this agreement, and it shall be relieved of any obligation to make payments into the Fund. 5. Any Employer who becomes party to this Agreement and who immediately prior thereto has a pension plan in effect which provides benefits equivalent to or better than the benefits provided herein, may, upon agreement of the Union and RAB, cover his/her employees under its existing plan in lieu of this Fund and be relieved of the obligation to make contributions to the Fund for the period of such other coverage. 6. In no event shall the Trustees or any of them, the Union or the RAB, directly or indirectly, by reason of this agreement, be understood to consent to the extinguishment, change or diminution of any legal rights, vested or otherwise, that anyone may have in the continuation in existing form of any such Employer pension plan, and the Trustees or any of them, the Union and the RAB shall be held harmless by an Employer against any action brought by anyone covered under such Employer’s plan asserting a claim based upon anything done pursuant to Section 5 of this Article. Notice of the pendency of any such action shall be given the Employer who may defend the action on behalf of the indemnitee. 7. The parties agree that if there is new governmental regulations issued that implement the excise tax provisions of the Pension Protection Act (PPA), or there is further governmental reform relating to the funding of pension funds, the parties shall meet to discuss what steps, if any, might be appropriate to ameliorate any adverse impact on the Funds, its participants and employers. To the extent that any employer covered by this Agreement, with respect to employees covered by this Agreement, becomes subject to the automatic employer surcharge or any excise tax, penalty, fee, increased contribution rate or other amount relating to the funding of the Pension Fund (but not including interest, liquidated damages, or other amounts owed as a consequence of failing to make timely remittance of contributions to the Pension Fund) under Sections 412 or 432 of the Internal Revenue Code, then the parties agree that the required contributions to the Health Fund, Training Fund and/or Legal Services Fund for each employer covered under this Agreement shall be reduced dollar for dollar by the aggregate amount of any additional contribution and/or surcharge amounts, excise taxes, penalties, fees or other amounts that such employer is required to pay, as provided in this subsection. Unless a different allocation among the Funds is agreed upon in advance of any applicable due date for such contributions by the Presidents of the RAB and Local 32BJ, such amount shall be allocated solely from the Health Fund.
Benefit Plans and Perquisites For as long as the Executive is employed by the Company, the Executive shall be eligible (x) to participate in any and all officer or employee compensation, incentive compensation and benefit plans in effect from time to time, including without limitation plans providing retirement, medical, dental, disability, and group life benefits and including incentive or bonus plans existing on the date of this Agreement or adopted after the date of this Agreement, provided that the Executive satisfies the eligibility requirements for any the plans or benefits, and (y) to receive any and all other fringe and other benefits provided from time to time, including the specific items described in (a)-(b) below.
Retirement Accounts With respect to certain retirement plans or accounts (such as individual retirement accounts (“IRAs”), SIMPLE IRAs, SEP IRAs, Xxxx IRAs, Education IRAs, and 403(b) Plans (such accounts, “Retirement Accounts”), the Transfer Agent, at the request and expense of the Fund, provide or arrange for the provision of various services to such plans and/or accounts, which services may include custodial agent services such as account set-up maintenance, and disbursements as well as such other services as the parties hereto shall mutually agree upon.
Benefits and Perquisites During the Term, Executive shall be entitled to participate in the benefit plans and programs commensurate with Executive’s position, that are provided by the Company from time to time for its senior executives generally, subject to the terms and conditions of such plans which may be amended, modified, or terminated by the Company.
Canadian Pension Plans The Loan Parties shall not (a) contribute to or assume an obligation to contribute to any Canadian Defined Benefit Plan, without the prior written consent of the Administrative Agent, or (b) acquire an interest in any Person if such Person sponsors, administers, maintains or contributes to or has any liability in respect of any Canadian Defined Benefit Plan, or at any time in the five-year period preceding such acquisition has sponsored, administered, maintained, or contributed to a Canadian Defined Benefit Plan, without the prior written consent of the Administrative Agent.
Welfare, Pension and Incentive Benefit Plans During the Employment Period, Executive (and his eligible spouse and dependents) shall be entitled to participate in all the welfare benefit plans and programs maintained by the Company from time-to-time for the benefit of its senior executives including, without limitation, all medical, hospitalization, dental, disability, accidental death and dismemberment and travel accident insurance plans and programs. In addition, during the Employment Period, Executive shall be eligible to participate in all pension, retirement, savings and other employee benefit plans and programs maintained from time-to-time by the Company for the benefit of its senior executives, other than any annual cash incentive plan.
Fringe Benefits and Perquisites During the Employment Term, the Executive shall be entitled to fringe benefits and perquisites consistent with those provided to similarly situated executives of the Company.

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