RETAIL CLERKS INDUSTRY PENSION PLAN. Effective January 1, 1999, the Employer agrees to contribute an amount equal to six percent (6%) of all earnings, less taxable benefits, on behalf of each employee covered by this agreement. Effective January 1, 2000, this contribution shall increase to seven percent (7%); on January 1, 2001, this will increase to eight percent (8%). After January 1, 1999, the employee shall also make a contribution, by way of payroll deduction, as follows: Up to 30 years of age 0% 30 - 39 years of age 1% 40 - 49 years of age 2% 50 years of age and older 4% Changes in contribution rates shall be effective from the first day of the pay period following the attainment of age 30, 40 and 50 respectively. "Pay period" means the biweekly period from Sunday through Saturday used by the Employer for payment of earnings. The Employer and the Union agree to the original method of selection of Employer and Union Trustees to administer the plan. It is agreed that the terms of the plan and its administration shall be entirely the responsibility of these original Trustees or their valid replacements, provided that the plan is administered consistently with this Collective Agreement, subject to any applicable government law or regulation and with the intention of meeting all of the requirements for continued registration under the Income Tax Act of Canada. Subject to the foregoing, the Employer and the Union agree to be bound by the actions taken by the Employer and Union Trustees under the plan.
RETAIL CLERKS INDUSTRY PENSION PLAN. Effective January 1, 2000, the Employer agrees to contribute an amount equal to four percent (4%) of all earnings, less taxable benefits, on behalf of each employee covered by this Agreement. Effective January 1, 2001, this contribution shall increase to five percent (5%) ; on January 1, 2002, this will increase to six percent (6%); and on January 1, 2003, this will increase to seven and a half percent (7.5%). After January 1, 2000, the employees shall also make a contribution, by way of payroll deduction, as follows: Up to 30 years of age: 0% 30 - 39 years of age: 1% 40 - 49 years of age: 2% 50 years of age and older 4%
RETAIL CLERKS INDUSTRY PENSION PLAN. The Employer agrees to contribute six percent (6.0%) of all earnings, less taxable benefits, on behalf of each employee covered by this Agreement. The contributions shall be accompanied by a written statement showing the hours paid for each employee. In addition, the Co-operative agrees to pay interest on all such contributions which are not postmarked or deposited within thirty (30) days of the last day of the contribution period at the Bank of Canada Prime Rate as in effect on January 1st and July 1st of each year, from the last day of the period. Each contribution period shall comprise not less than four (4) nor more than five (5) weeks. The Co-operative and the Union agree to the original method of selection of Co-operative and Union Trustees to administer the plan. It is agreed that the terms of the plan and its administration shall be entirely the responsibility of these original Trustees or their valid replacements, provided that the plan is administered consistently with this Collective Agreement, subject to any applicable government law or regulation and with the intention of meeting all of the requirements for continued registration under the Income Tax Act of Canada. Subject to the foregoing, the Co-operative and the Union agree to be bound by the actions taken by the Co-operative and Union Trustees under the plan. Employees on long-term disability benefit shall receive pension credits.
RETAIL CLERKS INDUSTRY PENSION PLAN. The Co-operative agrees to contribute eighty-eight cents (88¢) per hour straight time actually worked, not to exceed seven dollars and four cents ($7.04) per day or thirty-five dollars and twenty cents ($35.20) per week for each employee covered by this Agreement. Effective February 1, 2000, the Co-operative agrees to contribute an amount equal to four percent (4%) of all earnings, less taxable benefits, on behalf of each employee covered by this Agreement. Effective February 1, 2001, this contribution shall increase to five percent (5%)/ on February 1, 2002, this will increase to six percent (6%); and on February 1, 2003, this will increase to seven percent (7%). Effective closest pay period to October 1, 2015 this will increase to eight percent (8%). After February 1, 2000, the employee shall also make a contribution, by way of payroll deduction, as follows: Up to 30 years of age 0% 30 years to 39 years of age 1% 40 years to 49 years of age 2% 50 years and older 4%
RETAIL CLERKS INDUSTRY PENSION PLAN. 12.01 Sunday after ratification, the Employer contribution rate changes to six percent (6%) of earnings for all employees. April 2, 2004, the contribution rate increases to seven and one-half percent (7.5%). Paid vacation for full-time employees and statutory holidays for all employees shall be considered as time worked for all purposes of the Collective Agreement. The contributions shall be accompanied by a written statement showing the hours paid for each employee. In addition, the Employer agrees to pay interest on all such contributions which are not postmarked or deposited within thirty (3) days of the last day of the contribution period at the Bank of Canada Prime Rate as in effect on January 1st and July 1st of each year, from the last day of the period. Each contribution period shall comprise not less than four (4) nor more than five (5) weeks. The Employer and the Union agree to the original method of selection of Employer and Union Trustees to administer the Plan. It is agreed that the terms of the Plan and its administration shall be entirely the responsibility of these original Trustees or their valid replacements, provided that the Plan is administered consistently with this Collective Agreement, subject to any applicable government law or regulation and with the intention of meeting all of the requirements for continued registration under the Income Tax Act of Canada. Subject to the foregoing, the Employer and the Union agree to be bound by the actions taken by the Employer and Union Trustees under the Plan. Employees on long-term disability benefit shall receive pension credits.
RETAIL CLERKS INDUSTRY PENSION PLAN. Paid vacations for full-time employees and statutory holidays for all employees shall be considered as time worked for all purposes of the Collective Agreement. The contributions shall be accompanied by a written statement showing the hours worked and contributions paid for each employee. In addition, the Employer agrees to pay interest on all such contributions which are not postmarked or deposited within thirty (30) days of the last day of the contribution period at the Bank of Canada Prime Rate as in effect on January 1st and July 1st of each year, from the last day of the period. Each contribution period shall comprise not less than four (4) nor more than five (5) weeks. The Employer and the Union agree to the original method of selection of Employer and Union Trustees to administer the plan. It is agreed that the terms of the plan and its administration shall be entirely the responsibility of these original Trustees or their valid replacements, provided that the plan is administered consistently with this Collective Agreement, subject to any applicable government law or regulation and with the intention of meeting all of the requirements for continued registration under the Income Tax Act of Canada. Subject to the foregoing, the Employer and the Union agree to be bound by the actions taken by the Employer and Union Trustees under the plan. Effective Sunday following ratification, the Employer and the employees agree to contribute to the Pension Plan on the following basis: Employer Contributions: Ratification 1998 three percent (3%) of gross wages First Sunday of December 2000 four percent (4%) of gross wages First Sunday of December 2001 five percent (5%) of gross wages First Sunday of December 2002 six (6%) of gross wages Employees agree to contribute to the Plan on their own behalf as follows: Age 30 - 39 years one percent (1%) of gross wages Age 40 - 49 years two percent (2%) of gross wages Age 50 + four percent (4%) of gross wages
RETAIL CLERKS INDUSTRY PENSION PLAN. I. Effective December 16, 2001, the Employer will participate in the United Food and Commercial Workers Union Pension Plan and Trust Fund (hereinafter referred to as the Plan and/or Trust, as applicable) on the following terms and conditions:
RETAIL CLERKS INDUSTRY PENSION PLAN. The Employer agrees to contribute eighty-eight cents (88¢) per hour straight time actually worked, not to exceed seven dollars and four cents ($7.04) per day or thirty-five dollars and twenty cents ($35.20) per week, on behalf of each employee covered by this Agreement. The contributions shall be accompanied by a written statement showing the hours paid for each employee. In addition, the Employer agrees to pay interest on all such contributions which are not postmarked or deposited within thirty (30) days of the last day of the contribution period, at the rate of seven percent (7%) per annum from the last day of the period. Each contribution period shall comprise not less than four (4) nor more than five (5) weeks. Effective January 1, 1999, the Employer agrees to contribute an amount equal to six percent (6%) of all earnings, less taxable benefits, on behalf of each employee covered by this agreement. Effective January 1, 2000, this contribution shall increase to seven percent (7%); on January 1, 2001, this will increase to eight percent (8%). After January 1, 1999, the employee shall also make a contribution, by way of payroll deduction, as follows: Up to 30 years of age 0% 30 - 39 years of age 1% 40 - 49 years of age 2% 50 years of age and older 4%
RETAIL CLERKS INDUSTRY PENSION PLAN. Effective the day following ratification of the 1999 Agreement, the Co-operative agrees to contribute eighty- eight cents (88¢) per hour straight time actually worked, including hours worked on Sunday if such hours are part of the basic workweek of an employee, not to exceed seven dollars and four cents ($7.04) per day or thirty- five dollars and twenty cents $35.20) per week, on behalf of each employee covered by this Agreement. Effective January 1, 2003, the Employer agrees to contribute an amount equal to six and one-half percent (6.5%) of all earnings, less taxable benefits, on behalf of each employee covered by this Agreement. Effective January 1, 2005, this contribution shall increase to seven and one-half percent (7.5%). After January 1, 2003, the employee shall also make a contribution, by way of payroll deduction, as follows: Up to 30 years of age Zero percent (0%) 30 to 39 years of age One percent (1%) 40 to 49 years of age Two percent (2%) 50 years of age and older Four percent (4%)
RETAIL CLERKS INDUSTRY PENSION PLAN. The Employer agrees to contribute to the Pension Plan on behalf of all employees as follows: Within 30 days S.A.R. 1999 4.5% Gross Wages First Sunday S.A.R. 2000 5.0% Gross Wages First Sunday S.A.R. 2002 6.0% Gross Wages Sunday following last day of contract 7.5% Gross Wages The employees agree to contribute to the Plan on their own behalf as follows: Age 30 - 39 years 1.5% Gross Wages Age 40 to 49 years 2.5% Gross Wages Age 50 + years 4.5% Gross Wages The employee contributions will start within thirty (30) days from S.A.R. The employee contribution percent will change in the first pay period of each January based on the employee's age as of December 31 of the prior year. Paid vacations for full-time employees and statutory holidays for all employees shall be considered as time worked for all purposes of the Collective Agreement. The contributions shall be accompanied by a written statement showing the hours paid for each employee. In addition, the Employer agrees to pay interest on all such contributions which are not postmarked or deposited within thirty (30) days of the last day of the contribution period at the Bank of Canada Prime Rate as in effect on January 1st and July 1st of each year, from the last day of the period. Each contribution period shall comprise not less than four (4) nor more than five (5) weeks. The Employer and the Union agree to the original method of selection of Employer and Union Trustees to administer the plan. It is agreed that the terms of the plan and its administration shall be entirely the responsibility of these original Trustees or their valid replacements, provided that the plan is administered consistently with this Collective Agreement, subject to any applicable government law or regulation and with the intention of meeting all of the requirements for continued registration under the Income Tax Act of Canada. Subject to the foregoing, the Employer and the Union agree to be bound by the actions taken by the Employer and Union Trustees under the plan. Employees on long-term disability benefit shall receive pension credits. Effective January 1, 1988, benefit level to be raised to thirty-eight dollars ($38.00) per month per year of service and effective January 1, 1987, the early retirement discount for those between the ages of 55 and 60 reduced from 6% per year to 3% per year. The hourly pension contribution rate will be adjusted between the Plans based on the actuary's recommendation to implement the above benefits as...
