PULP & PAPER INDUSTRY PENSION PLAN Sample Clauses

The Pulp & Paper Industry Pension Plan clause establishes the requirements and provisions for employee participation in a specific pension plan tailored to the pulp and paper industry. Typically, this clause outlines eligibility criteria, contribution obligations for both employer and employee, and the benefits structure, such as retirement income or survivor benefits. By clearly defining the terms of pension participation, the clause ensures that employees understand their retirement benefits and that employers comply with industry standards, thereby providing financial security for workers and reducing disputes over pension entitlements.
PULP & PAPER INDUSTRY PENSION PLAN. The Supremex union Defined Contribution plan will replace all Supremex Defined Benefit Plans. The current members of the PPIPP will remain with the PPIPP and will not be eligible for the Supremex Union Defined Contribution Plan. The members of Supremex Inc. covered by this Agreement are included in the Pulp and Paper Industry Pension Plan. The Company agrees to pay into the Pulp and Paper Pension Plan for all regular employees in accordance with the rules and regulations of the Plan effective July 1, 1987. All employees who choose to retire early, at or after the age of 61, a bridge benefit of $15.00 per year of service (as defined by the Plan) will be provided payable from the date of retirement and ceasing on the first of the month prior to the employees’ 65th birthday. Employees who are not a part of the Industry plan shall remain in their current plans. These plans shall remain in effect without change for the life of this agreement and thereafter unless a change is agreed to by both parties. The Company undertakes to present an information package to each employee not covered by the Industry Plan. This package will contain, in summary form, information on the plan that covers the employee.
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Related to PULP & PAPER INDUSTRY PENSION PLAN

  • Municipal Pension Plan (a) An employer will provide the Municipal Pension Plan (MPP) to all eligible employees. (b) Employees of record on March 31, 2010, who meet the eligibility requirements of the MPP, have the option of joining or not joining the MPP. Eligible employees who initially elect not to join the MPP on April 1, 2010, have the right to join the MPP at any later date but will not be able to contribute or purchase service for the period waived. (c) All regular full-time employees hired after March 31, 2010, will be enrolled in the MPP upon completion of the earlier of their probationary period or three months and will continue in the plan as a condition of employment. Full-time hours of work are defined in the local issues agreement specific to each employer. Regular part-time employees and casual employees hired after April 1, 2010, who meet the eligibility requirements of the MPP have the right to enrol or not enrol in the MPP. Those who initially decline participation have the right to join the MPP at any later date. The MPP rules currently provide that a person who has completed two years of continuous employment with earnings from an employer of not less than 35% of the year's maximum pensionable earnings in each of two consecutive calendar years will be enrolled in the Plan. This rule will not apply when an eligible employee gives a written waiver to the Employer. (d) Employers will ensure that all new employees are informed of the options available to them under the MPP rules. (e) Eligibility and terms and conditions for the pension will be those contained in the Municipal Pension Plan and associated documents. (f) If there is a conflict between the terms of this agreement and the MPP rules, the MPP must prevail. Note: MPP contact information: Web: http:\\▇▇▇.▇▇▇▇▇▇▇▇▇▇.▇▇ Email: ▇▇▇@▇▇▇▇▇▇▇▇▇▇.▇▇ Victoria Phone: ▇-▇▇▇-▇▇▇-▇▇▇▇ BC Phone: ▇-▇▇▇-▇▇▇-▇▇▇▇

  • Canadian Pension Plans The Loan Parties shall not (a) contribute to or assume an obligation to contribute to any Canadian Defined Benefit Plan, without the prior written consent of the Administrative Agent, or (b) acquire an interest in any Person if such Person sponsors, administers, maintains or contributes to or has any liability in respect of any Canadian Defined Benefit Plan, or at any time in the five-year period preceding such acquisition has sponsored, administered, maintained, or contributed to a Canadian Defined Benefit Plan, without the prior written consent of the Administrative Agent.

  • Defined Benefit Pension Plans The Borrower will not adopt, create, assume or become a party to any defined benefit pension plan, unless disclosed to the Lender pursuant to Section 5.10.

  • Pension Plan Employers and/or individuals who manage, operate, assist or own, either partially or wholly, a company or companies working non-union in the construction industry on Mainland Nova Scotia within the craft jurisdiction of ▇▇▇ ▇▇▇▇▇▇▇▇▇▇ Local 83 shall not be eligible to be appointed to serve, or to continue to serve, as trustees on any trust fund referred to within this Collective Agreement. This provision shall apply to management trustees and union trustees alike. 29.01 It is agreed that the employer shall pay into the established Pension Fund an amount per hour for each hour paid as per the wage tables in Craft Schedule “A”, “B”, “S” and Appendix “MIP”. Pension contributions shall be calculated based on the base hourly rate and vacation pay, and no premium shall affect this. For the purposes of this Article, overtime rates payable in accordance with Article 16 are not premiums. Such contributions shall be paid to the Trustees of the Pension Fund on or before the fifteenth (15th) day of the month following the month such hours were worked and shall be accompanied by a remittance report form for each employee on a form prescribed by the Trustees of the Fund. Each monthly report and contributions shall include all obligations arising from hours worked up to the preceding calendar month. 29.02 It is agreed that provisions for an increase in the Pension Plan (other than those increases listed above) will be implemented if so desired by the Local, with the employer contribution to be deducted from the wages rates contained herein, provided the employer receives sixty (60) days notice of such change. 29.03 The Pension Plan shall be professionally administered. 29.04 Neither the United Brotherhood of Carpenters and Joiners of America, Local 83, nor the Nova Scotia Construction Labour Relations Association shall incur any legal liability with regard to claims arising from the Pension Plan. 29.05 Employers bound by, or subject to the Agreement, shall be required to maintain for a two (2) year period, a complete set of employment records including: • employee’s name, address, and S.I.N. • number of hours worked by the employee in each week • employee’s wage rate and gross earnings, amount(s) and description of deductions from the employee’s wages • particulars of pay allowances or other payments or benefits to which the employee is entitled.

  • REGISTERED RETIREMENT SAVINGS PLAN 1. In this Article: