BENEFITS AND PENSION PLAN. 5.01 The Employer shall make contributions for each hour earned in respect to each employee covered by this Agreement to the Operating Engineers’ Benefits Plan. The Employer shall make contributions for each hour earned in respect to each employee covered by this Agreement to the Operating Engineers’ Pension Plan. For clarification, “hours earned” means one and one-half or two times the contribution rate for overtime hours. * SEE APPROPRIATE SCHEDULE The Operating Engineers’ Benefits and Pension Plan shall be controlled by a Board of Trustees composed of eight (8) representatives from the Union. The Union in consultation with the administrator, board of trustees, actuary, and consultants of the Operating Engineers Benefits and Pension Plans (the "Plans") may in the best interest of the Plan participants and beneficiaries reapportion those contributions received as provided for in the Schedule of Employer/Employee Contributions. The Employer agrees to be bound by the terms of the Trust Agreements. The Employer is required to report on the forms provided by the Benefits and Pension Plans. Contributions must be mailed or delivered by the Employer to the Administrator of the Operating Engineers’ Benefits and Pension Plans at his office located in Xxxxx 000 xx 0000 Xxxxxx Xxxxxx, Xxxxxxx, X.X. no later than the fifteenth (15th) day of the month following that which contributions cover. In the event the Employer fails to remit contributions to these Plans in accordance with this section of this Agreement:
BENEFITS AND PENSION PLAN. 16.01 The Employer shall make contributions for Benefits and Pension Plans in such amounts and under such conditions as set forth in this Agreement, and shall be paid on hours worked. Payments of all contributions shall be made by cheque to the respective Union Plan, namely the Operating Engineers' Benefits and Pension Plans. These monies shall be forwarded, to the respective Plan, once each month. Such payment shall be made not later than the fifteenth (1 5th) day of the month following the month that the contributions cover. The Employer shall make the contributions on the forms supplied by the plans. Business Representatives of the Union may inspect during regular business hours, the Employer's record of time worked by employees and contributions made to the Plans. The Unions auditor shall be permitted to inspect and audit the Employer's record of time worked by employees and contributions made to the Plans, and shall be allowed the time necessary to complete the audit.
BENEFITS AND PENSION PLAN. 21.01 The Company Benefit Plans Reference # 57564 and # 162753 will be provided to all full-time Employees, subject to eligibility requirements stipulated under those plans, at no cost to the Employee except for the Employees will continue to pay one hundred percent (100%) of the premiums for Long-term disability insurance. The Company agrees that the current benefit plan will not be amended or discontinued during the life of the Collective Agreement.
BENEFITS AND PENSION PLAN. The Company agrees to pay of the cost of current premiums for its Standard Group Insurance Plan.
BENEFITS AND PENSION PLAN. 20.01 Full-Time Regular Employees The Employer shall pay the full cost of premiums for the benefits listed below for all full- time regular employees, subject to the terms and conditions of the governing master insurance policies, with the following coverage to be included:
BENEFITS AND PENSION PLAN. The Employer shall make contributions for Health, Welfare and Pension Plans in such amounts and under such conditions as set forth in this Agreement, and shall be paid on hours paid. Payments of all contributions shall be made by cheque to the Union Plan, namely the Operating Engineers' Benefits and Pension Plans. These monies shall be forwarded, to the respective Plan, once each month. Such payment shall be made not later than the fifteenth (15th) day of the month following the month in which the monies are paid, and attached to the appropriate forms supplied by the Plans. Business Representatives of the Union may inspect during regular business hours, the Employer's record of time worked by employees and contributions made to the Plans. The Union auditor shall be permitted to inspect and audit the Employer's record of time worked by employees and contributions made to the Plans, and shall be allowed the time necessary to complete the audit.
BENEFITS AND PENSION PLAN. The Employer shall make contributions for Benefits and Pension Plans in such amounts and under such conditions as set forth in this Agreement, and shall be paid on hours worked. Payments of all contributions shall be made by cheque to the respective Union Plan, namely the Operating Engineers' Benefits and Pension Plans. The Company agrees that upon a written request from the Union and the Company is able to do so, than the information, fees and dues shall be sent electronically in a format acceptable to the Union. These monies shall be forwarded, to the respective Plan, once each month. Such payment shall be made not later than the fifteenth (15th) day of the month following the month that the contributions cover. The Employer shall make the contributions on the forms supplied by the plans. Member Representatives of the Union may inspect during regular business hours, the Employer's record of time worked by employees and contributions made to the Plans. The Unions auditor shall be permitted to inspect and audit the Employer's record of time worked by employees and contributions made to the Plans, and shall be allowed the time necessary to complete the audit.
BENEFITS AND PENSION PLAN. (a) Group Life payable for death by any cause; Accidental Death and Dismemberment hour coverage payable on death caused by accident, either at or away from work; Weekly indemnity will be paid at sixty-six and two-third percent (66 of the salary to the maximum. The premiums to be paid by the Employees shall be five dollars ($5.00) per pay period (by-weekly). Long-Term Disability of Monthly earnings to a maximum of which is fully paid by the Company.
BENEFITS AND PENSION PLAN. 5.01 The Employer shall make contributions for each hour earned in respect to each employee covered by this Agreement to the Operating Engineers’ Benefits Plan. The Employer shall make contributions for each hour earned in respect to each employee covered by this Agreement to the Operating Engineers’ Pension Plan. For clarification, “hours earned” means one and one-half or two times the contribution rate for overtime hours. • Contributions to the Plans shall be for each hour wages are payable. In other words, on overtime, hourly contributions shall be straight time. • Effective February 28, 2014 contributions shall be based on hours earned. The Operating Engineers’ Benefits and Pension Plan shall be controlled by a Board of Trustees composed of eight (8) representatives from the Union. The Union in consultation with the administrator, board of trustees, actuary, and consultants of the Operating Engineers Benefits and Pension Plans (the "Plans") may in the best interest of the Plan participants and beneficiaries reapportion those contributions received as provided for in the Schedule of Employer/Employee Contributions. The Employer agrees to be bound by the terms of the Trust Agreements. The Employer is required to report on the forms provided by the Benefits and Pension Plans. Contributions must be mailed or delivered by the Employer to the Administrator of the Operating Engineers’ Benefits and Pension Plans at his office located in Xxxxx 000 xx 0000 Xxxxxx Xxxxxx, Xxxxxxx, X.X. no later than the fifteenth (15th) day of the month following that which contributions cover. In the event the Employer fails to remit contributions to these Plans in accordance with this section of this Agreement:
BENEFITS AND PENSION PLAN. The Company agrees to pay of the cost of current premiums for its Group Insurance Plan in respect of an employee who has been employed with the Company on a continuous basis for a period of five years. The Group Life and Health insurance Plan presently in effect will be modified as set forth in Appendix E. The Company will ensure compliance with the terms of the Group Insurance Plan. Notwithstanding the above, no matter respecting the provisions of the above mentioned Group Insurance Plan shall be subject to the Grievance Procedure established by this Agreement. The terms of the Company Sick Leave plan which shall apply during the life of this Agreement are outlined in Appendix The Company agrees that any changes in the terms and conditions of its present Pension Plan shall be subject to negotiation with the (See Letter of Understanding)
