Pension Contribution. District shall pay 100% of the employer’s share, and Manager shall pay 100% of the employee’s share of the premium cost for the District employees' pension plan currently in effect or any successor plan as may become effective during the term of this Agreement.
Pension Contribution. Effective May 12, 2013, each Employer shall contribute to the Millwright Regional Council of Ontario Benefit Trust Fund for the Millwright Pension Plan, six dollars and twenty-five cents ($6.25) per hour for each hour earned by each Employee; twelve dollars and fifty cents ($12.50) per hour shall be contributed for all overtime hours. Effective May 1, 2014, each Employer shall contribute six dollars and fifty cents ($6.50) per hour for each hour earned by each Employee; thirteen dollars and zero cents ($13.00) per hour shall be contributed for all overtime hours. Effective May 1, 2015, each Employer shall contribute seven dollars and zero cents ($7.00) per hour for each hour earned by each Employee; fourteen dollars and zero cents ($14.00) per hour shall be contributed for all overtime hours
Pension Contribution. For each person hired as a police officer on or after January 1, 1997, who is eligible for the death and disability coverage provided by part 8 of Article 31 of Title 31, C.R.S., the contribution to the FPPA death and disability pension fund required by Sec. 31-31- 811(4) shall be assessed against the City in the amount of 2.6% of the member’s applicable salary as set forth in Section 31-31-811(4); provided that if the required contribution level is increased, the amount in excess of 2.6% of the member’s applicable salary shall be assessed against the member. Each person hired as a police officer on or after January 1, 1997, shall be required as a condition of employment to make a monthly contribution through payroll deduction equal to the contribution on behalf of the member required under Section 31-31-811(4), C.R.S., in excess of 2.6% of the member’s applicable salary.
Pension Contribution. (a) The payment by TCCC to CCE upon Closing pursuant to Section 3.14(b) of the Employee Matters Agreement (without taking into account a reduction in such amount pursuant to Section 3.14(b)(ii)) shall be equal to the lesser of (i) the Pre-Tax Contribution Amount and (ii) the sum of (A) 63% of the Pre-Tax Contribution Amount and (B) the excess of (x) the Certified CCE Tax Benefits above $292,000,000, over (y) the amount described in clause (x) calculated as if the Pre-Tax Contribution Amount had not been contributed to the Section 3.14 Pension Plans (as such term is defined in the Employee Matters Agreement). Such payment shall be made or taken into account in the manner set forth in Paragraph 7 of Schedule A of the Merger Agreement. Upon the determination of the Revised Certified CCE Tax Benefits and any subsequent adjustment thereto pursuant to Section 4.04, the amount payable pursuant to Section 3.14(b) of the Employee Matters Agreement (as calculated under this Section 4.05(a)) shall be redetermined, and the difference between such previously determined amount and the redetermined amount shall be paid by TCCC to Splitco (in the case of an increase in such amount) or by Splitco to TCCC (in the case of a decrease in such amount).
Pension Contribution. Effective January 1, 2001 the Employer agrees to increase their contribution by twenty (20) cents per hour straight time actually worked. Paid vacations and statutory holidays for all employees shall be considered as time worked. This will bring the contribution level to a total of eighty-eighty (88) cents per hour for all employees effective January 1,2001.
Pension Contribution. In addition to fulfilling its statutory obligation to the 1977 Police and Fire Fighter Pension and Disability fund, the City will contribute an additional 1.5% of the pension base on behalf of firefighters' contribution to the 1977 Fund, resulting in a reduction to the firefighters' contribution in the amount equal to 1.5% of the pension base. To further clarify, of the 6% of the pension base owed by firefighters to the 1977 Fund, the City will pay 1.5% and the employees will pay 4.5%.
Pension Contribution. The Employer shall make pension deductions and contributions for eligible employees as established by applicable Minnesota statutes.
Pension Contribution. Effective, July 1, each year of the four year extension, the employer will add $.25 to the hourly pension contribution, for all bargaining units. No other terms of the current (expiration June 30, 2017) Collective Bargaining Agreement are modified by this Letter of Agreement. Upon ratification by the bargaining unit and approval of the Chugach Board of Directors, this Extension Agreement will become effective July 1, 2017 through June 30, 2021. /s/ Xxxx Xxxxxxx /s/ Xxx X. Xxxxxxx For IBEW: Xxxx Xxxxxxx, For Chugach: Xxx X. Xxxxxxx Business Manager 3/30/17 Chief Executive Officer 3-24-17 Date Date
Pension Contribution a. Contributions for Employees Hired On or After May 29, 2017 Employees hired by the City on or after May 29, 2017 * * * shall make an additional contribution equal to * * * one and one half percent (1.5%) of their pensionable compensation to the City of Fresno Employees Retirement System, reducing the City contribution by a corresponding amount. Employees hired by the City prior to May 29, 2017 who enter Unit 1 on or after * * * May 29, 2017 and were paying an additional one and one half percent (1.5%) of their pensionable compensation immediately prior to entering Unit 1, shall continue to pay the additional one and one half percent (1.5%) of their pensionable compensation to the City of Fresno Employees Retirement System, reducing the City contribution by a corresponding amount. In accordance with Internal Revenue Code Section 414(h)(2) and related guidance, the City shall pick-up and pay the contribution by salary reduction in accordance with this provision to the City of Fresno Employees Retirement System. The employee shall have no option to receive the * * * one and one half percent (1.5%) contribution in cash. The * * * one and one half percent (1.5%) contribution paid by the employee will not be credited to an employee’s accumulated contribution account, nor will it be deposited into a member’s Deferred Retirement Option Program (“DROP”) account. Employees who separate City employment regardless of reason and withdraw their employee contributions from the Retirement System between the date this agreement is approved by the City, and the effective date of a Fresno Municipal Code amendment pursuant to the provisions in this Section will have an amount equivalent to the additional one and one half percent (1.5%) the employee contributed pursuant to these provisions refunded by the City of Fresno.
Pension Contribution. (PERS-LE) The full amount of the statutorily required employer contribution to the Public Employees Retirement System of Ohio Law Enforcement Division ("PERS-LE") shall be made for bargaining unit members who are classified as Deputy (POTC), Sergeant (POTC), Lieutenant (POTC) and Captain. The full amount of the statutorily required employer contributions to PERS (NON-LE) shall be made for members who are classified as Deputy (NON-POTC) and Sergeant (NON- POTC) and Lieutenant (NON-POTC). The required employee contribution to PERS-LE shall be withheld from the gross pay of each member who is classified as Deputy (POTC) Sergeant (POTC), Lieutenant (POTC), and Captain. The required employee contribution to the PERS (NON-LE) shall be withheld from the gross pay of each member who is classified as a Deputy (NON-POTC) and Sergeant (NON-POTC) and Lieutenant (NON-POTC).
