Common use of WGA Pension Plan Clause in Contracts

WGA Pension Plan. Effective January 1, 2011, Staff employees became covered by the Producer-Writers Guild of America Pension Plan. The current contribution rate is 8.5% (eight and one-half percent) on gross earnings subject to the earnings cap outlined Paragraph D above. Effective December 31, 2010, Staff employees shall no longer be eligible to receive new grants under the CBS Fund the Future Restricted Share Unit Program and will cease to accrue additional Years of Service toward their Continuous Employment Period for determination of benefits accrued under the CBS Combined Pension Plan∗

WGA Pension Plan. Effective January 1, 2011, Staff employees became covered by the Producer-Writers Guild of America Pension Plan. The current Effective April 9, 2017, the contribution rate is will be 8.5% (eight and one-half percent) on gross earnings subject to the earnings cap outlined Paragraph D above. Effective December 31, 2010, Staff employees shall no longer be eligible to receive new grants under the CBS Fund the Future Restricted Share Unit Program and will cease to accrue additional Years of Service toward their Continuous Employment Period for determination of benefits accrued under the CBS Combined Pension Plan∗.