Registered Retirement Savings Plan (RRSP. The Employer shall provide a Group RRSP matching pension plan. Eligible employees can contribute up to three (3%) percent of regular earnings, except for Registered Nurses the Employer shall contribute up to four (4%) percent, which shall be matched by the Employer. RRSP contributions will be made through payroll deduction. Effective January 1, 2022, eligible employees can contribute up to three point five (3.5%) percent of regular earnings, which shall be matched by the Employer. Enrolment in the Group RRSP plan is voluntary. An open period will occur once a year in November. In the event a participating Employee opts out of, or withdraws funds from the RRSP (except for first home buyers), the Employee shall not be eligible to continue participating in the RRSP and the Employer’s obligations to contribute to the Plan shall cease.
Appears in 4 contracts
Samples: Collective Agreement, Collective Agreement, Collective Agreement
