BENEFITS AND PENSION. (a) The Company agrees to provide the “Choices” Flexible Benefit Program as described in the Company booklets or other sources, benefit plan documents and policies of insurance for all full-time and Continuous Part-time employees of all Bargaining Units. All of the benefit plans described in the Company booklets or other sources shall be as more particularly described and set forth in the respective benefit plans and policies which plans and policies shall be made available for inspection by the Union. The Company will bear 100% of the premium costs of any applicable core components of the benefits listed below, as specified in the “Choices Flexible Benefit Program” plan documents, to keep the following policies of insurance in force: Extended Health Care Plan Dental Plan Life Insurance Plan Accident Insurance Plan Long Term Disability Plan Employees are then able to use their Flexible Benefits credits, described below, to purchase additional coverage in accordance with the rules in the plan documents. Employees’ Flexible Benefit credits under the “Choices” Flexible Benefit Program will be based upon the following formulas: The flex credit formula for regular full-time employees will be 1.75% of base straight-time annual wages plus $969.00. For regular full-time employees with three or more years of continuous company service, the formula will be 3.75% of base straight-time annual wages plus $969.00. The flex credit formula for regular Continuous Part-time Employees will be 1.75% of the greater of the employee’s regularly scheduled straight-time Continuous Part-time annual earnings, or the employee’s actual base straight-time earnings in the preceding twelve calendar months (normally October 1 to September 30), plus $726.75. For regular Continuous Part-time employees with three (3) or more years of continuous company service, the formula will be 3.75% of the greater of the employee’s regularly scheduled straight-time Continuous Part- time annual earnings, or the employee’s actual base straight- time earnings in the preceding twelve calendar months (normally October 1 to September 30), plus $726.75. Effective for enrolment periods of benefit coverage during the term of the collective agreement the benefit price tags will be adjusted to reflect an 85% employer and 15% employee cost sharing percentage from the prior year’s cost. The Company agrees that there will be no changes to the “Choices” Flexible Benefit Program plan content for the duration of the Coll...
BENEFITS AND PENSION. 10.1 Effective May 1, 2013 the Employer will pay, in all Local Unions, Three dollars and Forty Four cents ($3.44) per hour earned by each Employee covered by this Agreement to the Ironworkers Central Welfare Fund as established by a Trust Agreement dated October 12, 1962 and as subsequently amended.
BENEFITS AND PENSION. (12.01) The Employer shall pay 80% of the monthly premiums for basic life insurance and accidental death and dismemberment insurance effective April 1, 2003, during the life of this Agreement for full-time employees. Such employees are required to participate in the insurance plans. Coverage for each plan is equal to three times basic annual earnings to a maximum of $1,000,000.
BENEFITS AND PENSION. XXXXXX 000, 000, 000, 000, 000
BENEFITS AND PENSION. 13.01 The benefits provided to PE and SOFE who are members of the Bargaining Unit will be those that were in effect April 1st, 2011 except where otherwise agreed. PENSION PLAN
BENEFITS AND PENSION. (12.01) Active members of The Globe and Mail Employees’ Retirement Plan (the Globe Plan) will cease participation in the Globe Plan as of April 30, 2021. Going forward for future service from May 1, 2021, onward, all bargaining unit members, Defined Benefit (DB) and Defined Contribution (DC), will be eligible to participate in CAAT’s DBplus Pension Plan at a matching 5%/5% member-employer contribution rate, subject to the terms and conditions of the CAAT DBplus Pension Plan and other terms and set out in the Memorandum of Agreement dated December 15, 2020. Following the transfer of DB assets from the Globe Plan to CAAT DBplus, the Globe will wind up the Globe Plan.
BENEFITS AND PENSION. LOCALS 700, 736, 759, 765, 786
BENEFITS AND PENSION. 22.01 The Employer will continue to maintain the standard of benefits as of July 21, 2014 (Plan # G0084949) and pension and further, will continue to pay one hundred (100) percent of the premiums for such benefits.
BENEFITS AND PENSION. LOCALS 700-Windsor; 736-Hamilton; 759-Thunder Bay; 765-Ottawa; 786-Sudbury
BENEFITS AND PENSION. The Company commits to all its employees to provide a competitive Benefit and Retirement Program. Such a Program generally includes Sickness and Disability Indemnity Plans, Family Dental and Medical Plans, Life Insurance, a group Registered Retirement Savings Plan and a Pension Plan. To this end the Company commits as follows:
