CLAC Pension Plan Sample Clauses

CLAC Pension Plan. 14.01 The CLAC Pension Plan (the “Plan”), a defined contribution, registered pension plan, which is registered with the Canada Revenue Agency and the Financial Services Commission of Ontario under #0398594, applies to all employees covered by this Collective Agreement.
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CLAC Pension Plan. The Pension Plan is maintained and administered by the Union and is supervised by the Board of Trustees. Registered with the Financial Securities Commission of Ontario as Pension Plan 0398594, for the benefit of all employees covered under this Agreement.
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CLAC Pension Plan. The CLAC Pension Plan (“the Plan”), a defined contribution, registered pension plan, which is registered with the Canada Revenue Agency and the Financial Services Commission of Ontario under #0398594, applies to all employees covered by this Collective Agreement. New employees will join the Plan immediately upon attaining twelve (12) months of seniority. Should an employee be laid off for more than three (3) consecutive months, but returns to work with the Employer within six (6) months from his date of layoff, he shall not have to re-serve the pension qualifying period. For each pay period, the Employer shall remit to the Remittance Processing Centre (RPC), for each eligible employee, an Employer contribution as described in Schedule A. Employer contributions will vest in accordance with the rules of the plan. The Employer agrees to deduct, by way of payroll deduction, and remit to the RPC, additional voluntary employee pension contributions which are above and beyond those contributions outlined in Schedule A. A request for such deductions shall be submitted to the Employer on a form provided by the Plan and a copy of the completed form shall be sent to the RPC along with the first remittance of such voluntary contributions. If an employee commits to make pension contributions above and in addition to Employer contributions to pension, the Employer shall match the employee’s contribution to a maximum of one dollar ($1.00/hour) per hour. The total amount of all contributions remitted by the Employer on an employee’s behalf (employer, employee, and voluntary), cannot exceed the annual maximum money purchase contribution limit outlined by the Canada Revenue Agency. The Employer will remit the employees’ and the Employer's contributions to the RPC within fifteen (15) days following the end of the month for which contributions are payable, together with an itemized list of the employees and the amounts applicable to each. Employer, employee and voluntary contributions will be recorded separately on the remittance. Where legislation prohibits an employee from contributing because of age, an amount equivalent to the contributions in Schedule A will be paid to that employee on each paycheque. This payment in-lieu of pension contributions will not be less than the amount that employee would have received if he/she were still contributing to the Plan. The Union acknowledges and agrees that, other than remitting contributions to the Plan as set out in this Article,...
Sample 1
CLAC Pension Plan. The Christian Labour Association of Canada (CLAC) Pension Plan (“the Plan”), a registered defined contribution pension plan governed by the CLAC Pension Plan Board of Trustees, applies to all employees covered by this Collective Agreement. Effective September 1, 2022, an employee shall be eligible to participate in the Plan and shall be enrolled in the Plan upon completion of one (1) calendar year of service, from date of hire.
Sample 1
CLAC Pension Plan. All employees covered by this agreement shall participate in or shall continue to participate in the CLAC Registered Pension Plan (“the Plan”) in accordance with the Plan’s express terms and conditions.
Sample 1
CLAC Pension Plan is maintained and administered by the Union and is supervised by a Board of Trustees. Registered with the Canada Customs and Revenue Agency (CCRA) and the Financial Services Commission of Ontario (FSCO) as Pension Plan #0398594, the Plan is designed for the benefit of all employees covered under this Agreement. The Employer and Employees shall contribute matching contributions to the Pension Plan, on behalf of each employee, the hourly amounts described in Schedule “A” of this Agreement, beginning from the first day of employment. The Employer agrees to deduct, by way of payroll deduction, and remit to the Union’s Benefit Administration Office, voluntary employee pension contributions in addition to any other collective agreement Pension Plan contributions. Such amounts shall not exceed the limits established by the Canada Customs and Revenue Agency. These monies will be recorded separately on the Employer’s monthly remittance to the Benefit Administration Office. The Employer's contributions to the Health Fund and Pension Plan shall be recorded on a remittance sheet supplied by the Union. On this sheet the Employer will enter:
Sample 1
CLAC Pension Plan. The CLAC Pension Plan (the plan), a defined contribution, registered pension plan, which is registered with the Canada Revenue Agency and the Financial Services Commission of Ontario under #0398594, applies to all employees covered by this Collective Agreement. New employees will join the Plan immediately upon attaining twelve (12) months of seniority. Should an employee be laid off for more than six (6) consecutive months, but returns to work with the Employer within twelve
Sample 1
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Related to CLAC Pension Plan

  • Pension Plan 15.01 The CLAC Pension Plan (“the Plan”), a defined contribution pension plan, is registered with the Canada Revenue Agency. The Plan applies to all employees covered by this Agreement.

  • Municipal Pension Plan (i) All newly hired regular employees shall participate under the Municipal Pension Plan, subject to the terms and conditions of such Plan, from their initial date of hire as a regular employee.

  • Pension Plans Any of the following events shall occur with respect to any Pension Plan:

  • Health Benefit Plan Par. 1. The Health Benefit Plan covering life insurance, sickness and accident benefits, and hospitalization insurance, or any changes thereto that are in accordance with the National Elevator Industry Health Benefit Plan and Declaration of Trust, shall be a part of this Agreement and adopted by all parties signatory thereto.

  • Benefit Plan If an employee maintains coverage for benefit plans while on maternity or parental leave, the Employer agrees to pay the Employer's share of these premiums.

  • Oregon Public Service Retirement Plan Pension Program Members For purposes of this Section 2, “employee” means an employee who is employed by the State on or after August 29, 2003 and who is not eligible to receive benefits under ORS Chapter 238 for service with the State pursuant to Section 2 of Chapter 733, Oregon Laws 2003.

  • Deferred Compensation Plans Employees are to be included in the State of California, Department of Personnel Administration's, 401(k) and 457 Deferred Compensation Programs. Eligible employees under IRS Code Section 403(b) will be eligible to participate in the 403(b) Plan.

  • Pension Benefits Each party reserves the right to retain as his or her sole and absolute separate property, the entire interest in pension benefits now vested, or that become vested in the future, and the right to manage, control, transfer, and convey all such property and dispose of the same by will, beneficiary designation or otherwise, without any interference from the other. The parties acknowledge that this Agreement shall constitute an effective waiver of any rights in the other's pension benefit plans. Furthermore, each party agrees to execute whatever additional waiver document may be necessary or useful to confirm such waiver of rights to the other party's pension benefit plans.

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