Common use of Group RRSP Program Clause in Contracts

Group RRSP Program. ‌ (a) Effective January 1, 2006, employees moved from the Group RRSP Program to the Defined Benefit Pension Plan administered by the Employees Benefits Trust at Credit Union Central BC, as described in Letter of Understanding #2. As a result, the Group RRSP Program was discontinued. The Employer agrees that the Interior Savings Group RRSP Program described in ▇▇▇ #2 shall apply to full-time and part-time employees eligible for benefits under Clauses 22.1 and 22.2 of this article for the life of this agreement. (b) Employees holding funds in the Group RRSP Program that plan would have had their RRSPs grandfathered under the existing rules of the RRSP Plan, as described in Letter of Understanding #4. Further, said employees would be are permitted to transfer funds from their current staff RRSP to purchase time under the Defined Pension Plan rules. (c) Funds currently invested in the Locked-in Group RRSP with the Employer will continue to be part of the employee retirement "pension" as described in Letter of Understanding #4.

Group RRSP Program. ‌ (a) Effective January 1, 2006, employees moved from the Group RRSP Program to the Defined Benefit Pension Plan administered by the Employees Benefits Trust at Credit Union Central BC, as described in Letter of Understanding #2. As a result, the Group RRSP Program was discontinued. The Employer agrees that the Interior Savings Group RRSP Program described in ▇▇▇ #2 shall apply to full-time and part-time employees eligible for benefits under Clauses 22.1 and 22.2 of this article for the life of this agreement. (b) Employees holding funds in the Group RRSP Program that plan would have had their RRSPs grandfathered under the existing rules of the RRSP Plan, as described in Letter of Understanding #4. Further, said employees would be are permitted to transfer funds from their current staff RRSP to purchase time under the Defined Pension Plan rules. (c) Funds currently invested in the Locked-in Group RRSP with the Employer will continue to be part of the employee retirement "pension" as described in Letter of Understanding #4.

Group RRSP Program. ‌ (a) Effective January 1, 2006, employees moved from the Group RRSP Program to the Defined Benefit Pension Plan administered by the Employees Benefits Trust at Credit Union Central BC, as described in Letter of Understanding #2. As a result, the Group RRSP Program was discontinued. The Employer agrees that the Interior Savings Group RRSP Program described in ▇▇▇ #2 shall apply to full-time and part-time employees eligible for benefits under Clauses 22.1 and 22.2 of this article for the life of this agreementAgreement. (b) Employees holding funds in the Group RRSP Program that plan would have had their RRSPs grandfathered under the existing rules of the RRSP Plan, as described in Letter of Understanding #4. Further, said employees would be are permitted to transfer funds from their current staff RRSP to purchase time under the Defined Pension Plan rules. (c) Funds currently invested in the Locked-in Group RRSP with the Employer will continue to be part of the employee retirement "pension" as described in Letter of Understanding #4.