Common use of Retiree Benefit Clause in Contracts

Retiree Benefit. The Employer agrees to pay the amount of twenty cents ($0.20) effective May 8, 2010, twenty cents ($.0.20) continuing on May 1, 2011 and twenty-five cents ($0.25) effective May 1, 2012 per hour worked by each employee represented by Local 183 to the Universal Workers Union Local 183 Retiree Benefit Trust Fund (―the Retiree Benefit Fund‖) for the purpose of purchasing benefits as contemplated by the Agreement and Declaration of Trust establishing the said Retiree Benefit Fund; The Employer shall remit contributions to the Local 183 Members’ Benefit Fund monthly, together with a duly-completed Employers’ Report Form, by the fifteenth (15th) day of the month following the month for which the payment is due for payment to the said Retiree Benefit Fund. (a) The Employer agrees to pay the sum of ten cents (10¢) for each hour worked by each employee represented by Local 183 to the Universal Workers Union, Local 183 Prepaid Legal Benefits Fund, jointly administered by an equal number of Employer and Union Trustees, for the purpose of providing legal benefits for such employees and their beneficiaries. (b) The Employer shall remit contributions to the Universal Workers Union, Local 183 Prepaid Legal Benefit Fund monthly, together with a duly completed Employer's Contributions Report Form, by the fifteenth (15th) day of the month following the month for which the payment is due.