Common use of Plan Formula Clause in Contracts

Plan Formula. Effective October 1, 2001 there will be a Reduction of CPP integration adjustment factor from .625% to .500%. The employee’s contributions will increase by .5% if and when the assets fall below 106% of the liabilities based upon a solvency valuation.

Appears in 5 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

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Plan Formula. Effective October 1, 2001 there will be a Reduction of CPP integration adjustment factor from .6250.625% to .5000.500%. The employee’s contributions will increase by .50.5% if and when the assets fall below 106% of the liabilities based upon a solvency valuation.

Appears in 3 contracts

Samples: Collective Agreement, Collective Agreement, Collective Agreement

Plan Formula. Effective October 1, 2001 there will be a Reduction of CPP integration adjustment factor from .6250.625% to .5000.500%. The employee’s contributions will increase by .5% if and when the assets fall below 106% of the liabilities based upon a solvency valuation. Effective April 1, 2009 employee contributions will increase to 7.0% below and above the YMPE.

Appears in 1 contract

Samples: Collective Agreement

Plan Formula. Effective October 1, 2001 there will be a Reduction of CPP integration adjustment factor from .625% to .500%. The employee’s employee‟s contributions will increase by .5% if and when the assets fall below 106% of the liabilities based upon a solvency valuation. Effective April 1, 2009 employee contributions will increase to 7.0% below and above the YMPE.

Appears in 1 contract

Samples: Collective Agreement

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Plan Formula. Effective October 1, 2001 there will be a Reduction of CPP integration adjustment factor from .6250.625% to .5000.500%. The employee’s employee‟s contributions will increase by .5% if and when the assets fall below 106% of the liabilities based upon a solvency valuation. Effective April 1, 2009 employee contributions will increase to 7.0% below and above the YMPE.

Appears in 1 contract

Samples: Collective Agreement

Plan Formula. Effective October 1, 2001 there will be a Reduction of CPP integration adjustment factor from .625% to .500%. The employee’s employee‟s contributions will increase by .5% if and when the assets fall below 106% of the liabilities based upon a solvency valuation. Effective April 1, 2006, employee contributions will increase to 6.5%. Effective January 1, 2009, employee contributions will decrease to 4.5% up to YMPE and 6.5% above YMPE.

Appears in 1 contract

Samples: Collective Agreement

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