Joint Pension Committee. 22.9.1 The parties agree to establish a Joint Pension Committee, comprised of at least two Society representatives and two Employer representatives. Each party shall have the right to have a reasonable number of resource persons attend meetings.
Joint Pension Committee. The Company and the Union agree to establish a Joint Pension Committee which shall be composed of three (3) representatives named by the Company and three (3) representatives named by the Union. The Joint Pension Committee shall meet twice annually and at the request of either party to receive and review regular actuarial valuations; the reports of investment managers and advisors; and an annual report on the administration of benefits. The Company agrees to supply the Joint Pension Committee with such information as it may require to determine whether the pension plans are being administered in accordance with this Agreement and to determine whether individual employees are receiving the benefits to which they are entitled. The Joint Pension Committee is further charged with reviewing, during the term of this Agreement, the practices of the Company with respect to post-retirement adjustments and the level of benefits being received by retired employees or their beneficiaries. The Joint Pension Committee may commission such studies as it deems necessary to fulfill its responsibilities and its expenses will be borne by the parties. The Company agrees to provide to the committee all records, plans, cost factors, actuarial data and other information requested by either party. Each party may make such representation to the committee with such consultants as it deems necessary. It is understood and agreed that the implementation of the preceding proposals is subject to approval by the various regulatory bodies governing pensions. The Union agrees that pension issues will be removed from negotiations until February 1, 1987. If as a result of changes in pension legislation prior to that date, the cost of the plans increases, the Union recognizes that such additional cost is a responsibility to be shared by the Union and the Companies and the methods of such cost sharing will be discussed by the Joint Committee in the period prior to the implementation of the legislation. If the Joint Committee can agree on a method for cost sharing, this method will be effective from the effective date of the new legislation. If not, such cost sharing will be one of the issues in the subsequent round of negotiations and the additional costs incurred by the Companies in the period from the effect of such legislation until that round of negotiations is completed will be expressly taken into account in those negotiations. SCHEDULE “G” MEMORANDUM OF UNDERSTANDING BETWEEN CARGILL LIMI...
Joint Pension Committee. During the term of this pension agreement, the parties will meet to discuss the pension plan and investigate alternative plan designs that could be used for pension discussion during the next pension plan negotiations. The Company agrees to administer the pension plan in accordance with the Xxxxxx Xxxxx arbitration award dated The Company agrees to discuss changes in the pension text with the pension committee that any changes required by law will be complied with by the Company. SAFETY Shoes Effective date of ratification the Company will contribute to the cost of safety shoes in the amount of per pair once a year provided the employee wears these shoes while working in the mill. Employees regularly scheduled to work will be supplied with an additional pair of safety shoes each year, if required, and the Company will contribute per pair toward the invoice cost of such shoes if they are damaged during the course of performing his/her normal work. The employee shall present the damaged shoes to the Storekeeper at the time of his/her request for a second pair of safety shoes under this provision. If an employee furnishes doctor certification for the necessity of wearing percent shoes, the Company will contribute of the difference between the shoe and the standard safety shoe. Other mandatory safety equipment and apparel will be provided as at present. Effective May the safety shoe allowance will be increased to Prescription At present time the Company provides safety prescription eyeglasses to an employee at no cost to the employee, except for a fitting fee. The Company agrees to include a fitting fee cost of twenty dollars for and twenty-five for for each regular employee, limited to one fitting fee for every two years. Vision Care Effective November the Company will provide a vision care plan for dependents only. This plan will cover the cost of prescription lenses, frames, contact lenses and the fitting of prescription glasses up to a total payment of per family member, in any two consecutive calendar years. Effective May the benefit will be increased to per family member in any two consecutive calendar years.
Joint Pension Committee. The Company is responsi ble for the general administration of the provisions of the Plan. The Compa ny and the Guild agree to form a Pension Advisory Comm ittee. Both Parti es shall appoi nt two (2)
Joint Pension Committee. The Agency recognizes the Joint Pension Committee. The Committee will have two (2) representatives appointed by the Union. The Agency will provide up to two (2) training days off with pay for each New Union Pension Committee representative to familiarize themselves with the pension plan.
Joint Pension Committee. 1. Scope: To review the administration and the financial status of the Pension Plan covering all plan members and to recommend changes as set out below:
Joint Pension Committee. (a) The membership of the Joint Pension Committee will include one employee represen- tative appointed by Union. Two regular meetings will be scheduled each year, includ- ing a meeting at which the actuarial valuation and other financial and statistical reports will be represented. The Company will arrange and pay trans- portation and hotel expenses (when necessary) plus per day to cover meals and incidental charges for the Joint Pension Committee members who are employees. Joint Pension Committee members will be compensated at straight time rates for all regularly scheduled hours lost as a result of attending Joint Pension Committee meetings.
Joint Pension Committee. The Parties hereto agree to form a Joint Pension Committee on the following terms: The Joint Pension Committee shall be comprised of three members appointed by the Union and three members appointed by the Company. The number of members may change by mutual agreement but shall consist of equal representation from Union and Company representatives. The Committee may include pension experts and advisors as it deems necessary. The Joint Pension Committee shall meet during the term of the collective agreement to address the financial viability of the Saskatchewan Wheat Services Union Pension Plan (the Pension Plan). The Committee will canvas all options that will assist the pension Plan in maintaining assets that are sufficient to meet liabilities. The Company agrees that one issue to be canvassed by the committee will be opening the plan to new members. Signed in Regina, Saskatchewan, this Grain Services Union Canada) day of Saskatchewan Wheat Pool LETTER OF UNDERSTANDING
Joint Pension Committee. A joint Pension Committee comprised of two Union representatives and two Management representatives shall be established and shall meet on a periodic basis to review fund manager performance, investment strategy, and plan administration. An independent Chairperson, with pension expertise, may also attend such meetings at the request of either the Company or Union representatives. The Pension Committee shall be responsible to recommend action to the Company with respect to these areas. The Company shall give full consideration to recommendations submitted by the Pension Committee.
Joint Pension Committee
