Common use of Cost to Employee Clause in Contracts

Cost to Employee. 3.4% of earnings to the year’s Maximum Pensionable Earnings (YMPE) under C.P.P. in that year and 5% of earnings which are in excess of the YMPE in that year. Company Cost: Company shall be liable and contribute the balance of the cost of the Plan and shall comply with any funding and solvency requirements of any applicable legislation relating thereto.