Common use of Eligibility and Enrollment Clause in Contracts

Eligibility and Enrollment. As a full-time permanent unionized hourly Niagara Falls employee, you become eligible to join the plan on the first of the month following or coincident with completion of one year of service with Post Foods Canada. If you are a temporary employee, you become eligible when you have completed two years of service, provided that you have earned 35% of the Year’s Maximum Pensionable Earnings* in each of those years or worked 700 hours for Post Foods Canada during each of those years. Contributions and benefits will be prorated on the basis of hours worked. You may join at any time after becoming eligible by signing the enrollment form authorizing Post Foods Canada to deduct the required contributions from your earnings and designating a beneficiary. Enrollment forms are available through the Human Resources Department. *-The Year’s Maximum Pensionable Earnings, or YMPE, is the maximum amount of earnings that can be used to determine an individual’s benefits under the Canada Pension Plan. It is adjusted each year to reflect average Canadian wage levels.