Common use of LIUNA Pension Clause in Contracts

LIUNA Pension. Effective May 1, 2000 the City will make a twelve cent ($.12) per hour per employee contribution to LIUNA Pension. The employer contribution shall be increased an additional six cents ($.06) per year per employee effective on November 1, 2001, November 1, 2002 and November 1, 2003. The final employer contribution rate will be thirty cents ($.30) per hour per employee on November 1, 2003. Any additional pension increases will be paid by the City in lieu of wages which would otherwise have been paid to employees. Such increases shall be shown as an employer contribution. Employer contributions shall not be made for overtime hours.

LIUNA Pension. ‌ Effective May 1, 2000 the City will make a twelve cent ($.12) per hour per employee contribution to LIUNA Pension. The employer contribution shall be increased an additional six cents ($.06) per year per employee effective on November 1, 2001, November 1, 2002 and November 1, 2003. The final employer contribution rate will be thirty cents ($.30) per hour per employee on November 1, 2003. Any additional pension increases will be paid by the City in lieu of wages which would otherwise have been paid to employees. Such increases shall be shown as an employer contribution. Employer contributions shall not be made for overtime hours.