INCLUSION OF OTHER LOCAL UNIONS Sample Clauses

INCLUSION OF OTHER LOCAL UNIONS. Upon mutual agreement with NFSA and other Local Unions of the United Association, it may be agreed upon that said Welfare Fund and Pension Fund shall be operated under the same provisions of this agreement. Payments of funds by NFSA members shall be made to the Trustees provided above, and such payments and investments and reinvestments thereof may be commingled with any other funds (or investment or reinvestments thereof) of said Trustees. Benefits shall be paid to or established for the benefit of the employees in other Local Unions on the same basis as benefits are paid to or established for the benefit of employees covered by Local Union 669, provided that contributions and contribution periods as provided for in the Collective Bargaining Agreements entered into by the respective Local Unions are the same as those provided in this Agreement. NFSA and such other Local Unions shall adopt the Trustees currently serving under the Agreement and Declaration of Trust between NFSA and Local Union 669 and their succes- sors appointed as provided in said Agreement and Declaration of Trust. Contractors may make the payments required by this Article by the electronic transfer of funds where permissible.
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Related to INCLUSION OF OTHER LOCAL UNIONS

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