Retirement Benefit Fund definition
Examples of Retirement Benefit Fund in a sentence
Except as otherwise provided by Article XIII, Section 16, effective for all work performed on or after July 1, 2013, the Individual Employer shall pay to the Operative Plasterers Local Union No. 66 Supplemental Retirement Benefit Fund the sum of four dollars and forty cents ($4.40) per hour, for each hour, straight time or overtime, worked by or paid for each of its employees upon work covered by this Agreement.
Except as otherwise provided by Article XIII, Section 16, effective for all work performed on or after July 1, 2017, the Individual Employer shall pay to the Operative Plasterers Local Union No. 66 Supplemental Retirement Benefit Fund the sum of four dollars and forty cents ($4.40) per hour, for each hour, straight time or overtime, worked by or paid for each of its employees upon work covered by this Agreement.
Any employee who has not yet completed the probationary period as outlined in Article 7.02, and/or who is over the maximum age as allowable by law, or an employee not eligible to join the plan, shall receive the cash equivalent of the Retirement Benefit Fund added to their weekly wages.
AASD Classified members who are part of the San Diego Schools Police Management Association (SDSPMA) shall not participate in the AASD Classified Retirement Benefit Fund (AASD Retirement Benefits Fund) but shall be enrolled in the PORAC RMT.
An identical calculation for the Minneapolis Employees Retirement Fund (MERF) Retirement Benefit Fund will be performed, with results reported to the MERF Board of Trustees.
The Company will pay eleven dollars and twenty cents ($11.20) per shift per covered employee to the Retirement Benefit Fund (Canadian Multi Employer Retirement Fund for the Graphic Arts Media).
Any employee who has not yet completed the probationary period as outlined in Article 7.02, and/or who is over the maximum age as allowable by law, shall receive the cash equivalent of the Retirement Benefit Fund added to their weekly wages.
MERF’s Retirement Benefit Fund functions similarly and the applicable required reserves are valued by the actuary retained by the joint administrators.