Western Conference of Teamsters Pension Plan Sample Clauses

Western Conference of Teamsters Pension Plan. 4.1 Effective January 1, 2016, the Employer shall continue to pay into the Western Conference of Teamsters Pension Trust on account of each employee performing work of the bargaining unit, for each hour in which compensation is paid. The hourly contribution rate shall be eighty cents ($0.80) per compensable hour. Thereafter, the Employer shall pay into the Western Conference of Teamsters Pension Trust on account of each employee performing work in the bargaining unit, for each hour in which compensation is paid. The hourly contribution rate shall be allocated as follows: 1/1/12 $.60 1/1/13 $.70 1/1/14 $.80 1/1/17 $1.00 1/1/18 $1.20 All contributions to be allocated to the Basic Plan. 4.2 Otherwise-excluded employees or workers are to be included in the Employer-paid mandatory participation of the Western Conference of Teamsters Pension Plan if they are performing work within the jurisdiction of this unit, including those on a temporary or seasonal basis and those in a ‘Supervisory’ or ‘Lead’ position. 4.3 The total amount due for each calendar month shall be remitted in a lump sum not later than ten
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Western Conference of Teamsters Pension Plan. The bargaining unit may, during the term of this agreement, as a bargaining unit, elect to participate in the Western Conference of Teamsters Pension Trust. Contributions shall be by payroll diversion based on all compensated hours and shall be uniform by classification. Should the unit elect to participate, payroll and HR procedures will be mutually determined. 11.6.1 Effective January 1, 2019, all employees covered by the Collective Bargaining Agreement as recognized in Article 1, Section 1.1 and Appendix A, A.1 shall participate in the Western Conference of Teamsters Pension Trust Fund (the "Trust Fund"). Contributions shall be made for all Employees as recognized in the Collective Bargaining Agreement, based on all of the previous month’s compensable hours, starting with all compensable hours earned in January, 2019, and paid in the February, 2019 pay warrants, which are issued the last business day of the month. For the purpose of this Agreement, “all compensable hours” does not include the cashout of unused accrued vacation, sick leave, and personal leave. Contributions shall be made by the Employer through a pre-tax payroll diversion from all Employees’ monthly earnings for all compensable hours to the Trust Fund's “basic plan” in the manner set forth below. The "basic plan" for purposes of this Agreement means the Trust plan that does not include a Program for Early Retirement (PEER). 11.6.2 The total amount due to the Trust Fund for each monthly payroll period shall be remitted to the Administrator for the Trust Fund in a lump sum by the Employer on or before the 20th of each month for all compensated hours during the preceding month. The Employer shall abide by rules as may be established by the Trustees of said Trust Fund to facilitate the determination of the reporting and recording of the contribution amounts paid for all bargaining unit employees. 11.6.3 For all Bus Drivers classifications identified in Appendix A, A.1, effective January 1, 2019, the payroll diversion amount shall be fifty cents ($0.50) per hour for all compensated hours on a pre-tax diversion basis. 11.6.4 For all Mechanic classifications identified in Appendix A, A.1, effective January 1, 2019, the payroll diversion amount shall be one dollar ($1.00) per hour for all compensated hours on a pre-tax diversion basis. 11.6.5 The bargaining unit may, during the term of this Agreement, as a bargaining unit or by classification as identified in 11.6.3 and 11.6.4 above, elect to in...
Sample 1
Western Conference of Teamsters Pension Plan. The bargaining unit may, during the term of this agreement, as a bargaining unit, elect to participate in the Western Conference of Teamsters Pension Trust. Contributions shall be by payroll diversion based on all compensated hours and shall be uniform by classification. Should the unit elect to participate, payroll and HR procedures will be mutually determined.
Sample 1
Western Conference of Teamsters Pension Plan. The bargaining unit elected to participate in the WCTPT effective January 1, 2012. Contributions shall be by pre-tax payroll diversion based on all compensated hours covered under this Agreement and shall be uniform by classification. For the purposes of this section, “all hours compensated” will be determined by total eligible hours worked, overtime, holidays, and hours of additional pay as stated on each employee’s monthly pay warrant and does not include vacation or sick leave cash out payments as allowable under state law and the bargaining agreement. If in the future withdrawal liability is assessed against the District due to a Union proposed withdrawal from the Pension Trust, said liability shall be paid by the bargaining unit members. Hourly pre-tax diversions in effect at the time shall continue until such time each bargaining unit member’s proportional share of the withdrawal liability is satisfied.
Sample 1

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