Common use of Pension Trust Fund Clause in Contracts

Pension Trust Fund. The Employer shall contribute to the Labourers’ Pension Trust Fund of Western Canada the amount established in the wage schedule per hour for each hour worked by each of its Employees covered by this Agreement. Contributions for the said Fund shall be forwarded to: Funds Administrative Service, 9th Floor, 0000 - 000xx Xxxxxx, Xxxxxxxx, XX, X0X 0X0. Contributions to the Pension Trust Fund shall not exceed eighteen percent (18%) of an Employee’s gross wages. Special Provision - Funds Administrative Service will, as a requirement of this agreement, transfer the Pension contribution amounts for the first 300 hours of an Apprentice 1's earnings to the Saskatchewan Construction and General Workers Training Trust Fund. This provision does not change the remittance procedures relating to Pension or Training Fund contributions for the Employer. Pension Contributions on behalf of Apprentices shall be as follows: Apprentice 3 1201 - 2400 hours 100% of Journeyman pension contribution Apprentice 2 301 - 1200 hours 75% of Journeyman pension contribution Apprentice 1 000 - 300 hours 65% of Journeyman pension contribution

Pension Trust Fund. The Employer shall contribute to the Labourers’ Pension Trust Fund of Western Canada the amount established in the wage schedule per hour for each hour worked by each of its Employees covered by this Agreement. Contributions for the said Fund shall be forwarded to: Funds Administrative Service, 9th Floor, 0000 - 000xx Xxxxxx00000-000 Xxxxxx XX, Xxxxxxxx, XX, X0X 0X0. Contributions to the Pension Trust Fund shall not exceed eighteen percent (18%) of an Employee’s gross wages. Special Provision - Funds Administrative Service will, as a requirement of this agreement, transfer the Pension contribution amounts for the first 300 hours of an Apprentice 1's earnings to the Saskatchewan Construction and General Workers Training Trust Fund. This provision does not change the remittance procedures relating to Pension or Training Fund contributions for the Employer. Pension Contributions on behalf of Apprentices shall be as follows: Apprentice 3 1201 - 2400 hours 100% of Journeyman pension contribution Apprentice 2 301 - 1200 hours 75% of Journeyman pension contribution Apprentice 1 000 - 300 hours 65% of Journeyman pension contribution