Pension Plan Participation and Contributions (Regular Full-Time Sample Clauses

Pension Plan Participation and Contributions (Regular Full-Time. All regular full-time staff members who are eligible under the terms of the University of Victoria Combination Pension Plan (“the Plan”) will, as a condition of employment, participate in the Plan from the date of eligibility. Contribution rates are set pursuant to the Combination Pension Plan Trust Agreement and Schedule A to the Trust Agreement which is legally binding upon the University and the Board of Pension Trustees. Information about the Plan is available at the Vice-President Finance and Operations website under Pensions and Investments. Rates continue until either a regulator requires a change or the Plan actuary recommends a change. Ordinarily that change would result from a regularly scheduled actuarial valuation which may occur during the life of the collective agreement. Decisions about the actuary’s recommendations are made by the Board of Pension Trustees. For information purposes only, contribution rates as of July 2014 are as follows: the staff member will contribute 4.35% of basic regular salary up to the Canada Pension Plan’s Yearly Maximum Pensionable Earnings (YMPE), and 6.35% of basic regular salary in excess of the YMPE. The University will contribute 6.02% of basic regular salary up to the YMPE, and 7.65% of basic regular salary in excess of the YMPE, and 5.05% of basic regular salary to the Defined Retirement Benefit Account.
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Pension Plan Participation and Contributions (Regular Full-Time. ‌ All regular full-time staff members who are eligible under the terms of the Pension Plan will, as a condition of employment, participate in the Combination Pension Plan from the first day of the month following employment.
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Pension Plan Participation and Contributions (Regular Full-Time. All regular full-time staff members who are eligible under the terms of the University Pension Plan will, as a condition of employment, participate in the Combination Pension Plan from the first day of the month following employment. The staff member will contribute 3% of basic regular salary up to the Canada Pension Plan’s Yearly Maximum Pensionable Earnings (YMPE), and 5% of basic regular salary in excess of the YMPE. The University will contribute 7.37% of basic regular salary up to the YMPE, and 9% of basic regular salary in excess of the YMPE, and 1% of basic regular salary to the Defined Retirement Benefit Account.
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Related to Pension Plan Participation and Contributions (Regular Full-Time

  • Pension Contributions 19.2.3.1 Unless required by law to commence receiving a pension prior to the Member’s actual retirement date (i.e., currently December 31 of the year in which the Member attains age sixty-nine (69)) the Member who postponed retirement beyond his or her TRD will continue to make pension contributions.

  • Oregon Public Service Retirement Plan Pension Program Members For purposes of this Section 2, “employee” means an employee who is employed by the State on or after August 29, 2003 and who is not eligible to receive benefits under ORS Chapter 238 for service with the State pursuant to Section 2 of Chapter 733, Oregon Laws 2003.

  • Retirement Contribution The State shall, as permitted by 5 M.R.S.A. §17702 §§s5 and 6, pay the cost of the 6.5% or 7.5% retirement contribution for employees in the following classifications. Corrections Firearms Instructor Oil & Hazardous Material Responder I Oil & Hazardous Material Responder II

  • Retirement Contributions On behalf of employees, the State will continue to “pick up” the six percent (6%) employee contribution, payable pursuant to law. The parties acknowledge that various challenges have been filed that contest the lawfulness, including the constitutionality, of various aspects of PERS reform legislation enacted by the 2003 Legislative Assembly, including Chapters 67 (HB 2003) and 68 (HB 2004) of Oregon Laws 2003 (“PERS Litigation”). Nothing in this Agreement shall constitute a waiver of any party’s rights, claims or defenses with respect to the PERS Litigation.

  • Employer Contribution (a) An Employer contribution for health and dental benefits will only be made for each active employee who has at least eighty (80) paid regular hours in a month and who is eligible for medical insurance coverage, unless otherwise required by law.

  • Savings Plans Employee shall be entitled to participate in Employer’s 401(k) plan, or other retirement or savings plans as are made available to Employer’s other executives and officers and on the same terms which are available to Employer’s other executives and officers.

  • Health Spending Account contributions by the Executive will cease on the Effective Date. The Executive may submit claims against the balance accrued to the Effective Date, until the end of the calendar year in which the Effective Date occurs.

  • Payment of Contributions The College and eligible academic staff members of the plan shall each contribute one-half of the contributions to the Academic and Administrative Pension Plan.

  • Health Savings Account (HSA) is a tax-exempt trust or custodial account established exclusively for the purpose of paying qualified medical expenses of the member who is covered under a high deductible health plan. The member must be covered under the HSA plan for the months in which contributions are made. HIGH DEDUCTIBLE HEALTH PLAN (HDHP) is a health plan that satisfies certain requirements with respect to deductibles and out-of-pocket expenses. The plan cannot provide payment for any covered healthcare service until the plan year deductible is satisfied, with the exception of preventive care services. HOSPITAL means a facility: • that provides medical and surgical care for patients who have acute illnesses or injuries; and • is either listed as a hospital by the American Hospital Association (AHA) or accredited by the Joint Commission on Accreditation of Healthcare Organizations (JCAHO).

  • Retirement Plans In connection with the individual retirement accounts, simplified employee pension plans, rollover individual retirement plans, educational IRAs and XXXX individual retirement accounts (“XXX Plans”), 403(b) Plans and money purchase and profit sharing plans (collectively, the “Retirement Plans”) within the meaning of Section 408 of the Internal Revenue Code of 1986, as amended (the “Code”) sponsored by a Fund for which contributions of the Fund’s shareholders (the “Participants”) are invested solely in Shares of the Fund, JHSS shall provide the following administrative services:

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