Annuity Fund Contributions Sample Clauses
Annuity Fund Contributions. The contributions designated “ANNUITY” in SECTION 1 of the Appendices referred to below and incorporated herein are contributions to the OHIO CARPENTERS’ ANNUITY FUND (sometimes referred to in this Agreement as the “Annuity Fund”) established under an Agreement and Declaration of Trust dated May 1, 1994, as amended from time-to-time.
Annuity Fund Contributions. Effective May 1, 2023 through
Annuity Fund Contributions. 1. When performing work in an area under the jurisdiction of a Local Union which has negotiated for highway and heavy construction work, a jointly administered annuity fund, Employer shall make contributions to that Fund for each hour worked by each Employee covered by this Agreement who is a member of that Local Union at the rate shown for that area in Appendix “A.” For each hour worked by each Employee covered by this Agreement who is not a member of that Local Union, Employer shall make contributions to the International Union of Operating Engineers and Pipe Line Employers Annuity Fund at the same rate.
2. When performing work in all areas other than those described in Paragraph
(1) above, Employer shall make contributions to the International Union of Operating Engineers and Pipe Line Employers Annuity Fund at the rate set out in Appendix “A” for each hour worked by each Employee covered by this Agreement, regardless of whether the Employee is a member of the Local Union in whose jurisdiction the work is being performed.
3. The International Union of Operating Engineers and Pipe Line Employers Annuity Fund shall, whenever requested to do so in writing by an Employee, transfer contributions made to the International Union of Operating Engineers and Pipe Line Employers Annuity Fund on his behalf to the annuity fund established by the Local Union of which he is a member.
Annuity Fund Contributions. Effective May 1, 2015 through April 30, 2016, the Employer shall contribute to the Annuity Fund the sum of Two Dollars and sixty Cents ($2.60) per hour per employee for all hours paid.