CONTRIBUTIONS TO PENSION TRUST FUND Sample Clauses

CONTRIBUTIONS TO PENSION TRUST FUND. The individual Employer shall contribute and forward monthly to the Electrical Workers No. 26 Pension Fund an amount equal to four dollars and forty cents ($4.40) per hour for each hour worked, on behalf of each Journeyman Xxxxxxx in the Metro Zone; an amount equal to four dollars and ten cents ($4.10) per hour for each hour worked, on behalf of each Journeyman Xxxxxxx in the Shenandoah Zone; and an amount equal to one dollar and fifteen cents ($1.15) per hour for each hour worked, on behalf of each Apprentice, which the Employer is obligated to pay on behalf of Employees in this bargaining unit, excluding first year apprentices and excluding unindentureds, and it shall forward a completed payroll report as prescribed by the Trustees of said Fund. The contribution shall increase for Journeyman Xxxxxxx as follows: Effective Date Metro Zone Shenandoah Zone June 4, 2018 $5.15 $4.85 November 5, 2018 $5.40 $5.10 June 3, 2019 $5.65 $5.25 November 5, 2019 $5.90 $5.40 The payment and payroll report shall be mailed, postage prepaid, so as to reach the Trustees or their designated agent not later than thirty calendar days following the end of each calendar month. Sanctions and enforcement provisions for failure to remit payments to this Fund are set forth in Article XIII of this Agreement and/or in the Benefit Funds Agreement. ARTICLE X
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CONTRIBUTIONS TO PENSION TRUST FUND. Effective July 2, 2018 the individual Employer shall contribute and forward monthly to the Electrical Workers No. 26 Pension Fund an amount equal to eighty five cents ($.85) per hour for each hour worked, on behalf of each Journeyman Xxxxxxx, and an amount equal to eighty five cents ($.85) per hour for each hour worked, on behalf of each Apprentice, which the Employer is obligated to pay on behalf of Employees in this bargaining unit, excluding first year apprentices and excluding unindentureds, and it shall forward a completed payroll report as prescribed by the Trustees of said Fund. Effective June 3, 2019, the contribution rates shall be as follows:
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Related to CONTRIBUTIONS TO PENSION TRUST FUND

  • Matching Contributions The Employer will make matching contributions in accordance with the formula(s) elected in Part II of this Adoption Agreement Section 3.01.

  • Retirement Contributions On behalf of employees, the State will continue to “pick up” the six percent (6%) employee contribution, payable pursuant to law. The parties acknowledge that various challenges have been filed that contest the lawfulness, including the constitutionality, of various aspects of PERS reform legislation enacted by the 2003 Legislative Assembly, including Chapters 67 (HB 2003) and 68 (HB 2004) of Oregon Laws 2003 (“PERS Litigation”). Nothing in this Agreement shall constitute a waiver of any party’s rights, claims or defenses with respect to the PERS Litigation.

  • Payment of Contributions The College and eligible academic staff members of the plan shall each contribute one-half of the contributions to the Academic and Administrative Pension Plan.

  • Allocation of Contributions You may place your contributions in one fund or in any combination of funds, although your employer may place restrictions on investment in certain funds.

  • Pension Contributions 19.2.3.1 Unless required by law to commence receiving a pension prior to the Member’s actual retirement date (i.e., currently December 31 of the year in which the Member attains age sixty-nine (69)) the Member who postponed retirement beyond his or her TRD will continue to make pension contributions.

  • Employer Contributions 8.1 Rates at which the Employer shall contribute for each hour of work performed on behalf of each employee employed under the terms of this Agreement are contained in the Appendices attached to and forming part of this Agreement.

  • Employer Contribution (a) An Employer contribution for health and dental benefits will only be made for each active employee who has at least eighty (80) paid regular hours in a month and who is eligible for medical insurance coverage, unless otherwise required by law.

  • Rollover Contributions A rollover is a tax-free distribution of cash or other assets from one retirement program to another. There are two kinds of rollover contributions to an IRA. Xx one, you contribute amounts distributed to you from one IRA xx another IRA. Xxth the other, you contribute amounts distributed to you from your employer's qualified plan or 403(b) plan to an IRA. X rollover is an allowable IRA xxxtribution which is not subject to the limits on regular contributions discussed in Part D above. However, you may not deduct a rollover contribution to your IRA xx your tax return. If you receive a distribution from the qualified plan of your employer or former employer, the distribution must be an "eligible rollover distribution" in order for you to be able to roll all or part of the distribution over to your IRA. Xxe portion you contribute to your IRA xxxl not be taxable to you until you withdraw it from the IRA. Xxur employer or former employer will give you the opportunity to roll over the distribution directly from the plan to the IRA. Xx you elect, instead, to receive the distribution, you must deposit it into the IRA xxxhin 60 days after you receive it. An "eligible rollover distribution" is any distribution from a qualified plan that would be taxable other than (1) a distribution that is one of a series of periodic payments for an employee's life or over a period of 10 years or more, (2) a required distribution after you attain age 70 1/2 and (3) certain corrective distributions. If the entire amount in your IRA xxx been contributed in a tax-free rollover from your employer's or former employer's qualified plan or 403(b) plan, you may later roll over the IRA xx a new employer's plan if such plan permits rollovers. Your IRA xxxld then serve as a conduit for those assets. However, you may later roll those IRA xxxds into a new employer's plan only if you make no further contributions to that IRA, xx commingle the IRA xxxlover funds with existing IRA xxxets.

  • Catch-Up Contributions In the case of a Traditional IRA Owner who is age 50 or older by the close of the taxable year, the annual cash contribution limit is increased by $1,000 for any taxable year beginning in 2006 and years thereafter.

  • Company Contributions (a) For employees hired, rehired or who become covered under the CWA 3176 Agreement through any means before January 1, 2016, the Company shall contribute a Company Matching Contribution equal to 25 percent of the Participant’s Contribution up to a maximum of 6 percent of eligible wage.

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