Common use of Retirement Benefit Plan Contributions Clause in Contracts

Retirement Benefit Plan Contributions. BCCHS shall contribute $150 per month into the reserve account [to be held in trust until the employee is vested as described herein] or directly into an individual retirement account for all eligible unit members so long as they continue in active service regardless of their hire date. This shall be the contribution amount for the BCCHS retirement benefits plan until and unless negotiated otherwise. In the event BCCHS agrees to increase the above contribution for any other bargaining unit at BCCHS, it shall also increase its contribution for CEU unit members at the same time and in the same amount.

Retirement Benefit Plan Contributions. Effective July 1, 2021, BCCHS shall contribute $150 175 per month into the reserve account [to be held in trust until the employee is vested as described herein] or directly into an individual retirement account for all eligible unit members so long as they continue in active service regardless of their hire date. This shall be the contribution amount for the BCCHS retirement benefits plan until and unless negotiated otherwise. In the event BCCHS agrees to increase the above contribution for any other bargaining unit at BCCHS, it shall also increase its contribution for CEU unit members at the same time and in the same amount.

Retirement Benefit Plan Contributions. BCCHS shall contribute $150 175 per month into the reserve account [to be held in trust until the employee is vested as described herein] or directly into an individual retirement account for all eligible unit members so long as they continue in active service regardless of their hire date. This shall be the contribution amount for the BCCHS retirement benefits plan until and unless negotiated otherwise. In the event BCCHS agrees to increase the above contribution for any other bargaining unit at BCCHS, it shall also increase its contribution for CEU unit members at the same time and in the same amount.

Retirement Benefit Plan Contributions. BCCHS shall contribute $150 175 per month into the reserve account [to be held in trust until the employee is vested as described herein] or directly into an individual retirement account for all eligible unit members so long as they continue in active service regardless of their hire date. This shall be the contribution amount for the BCCHS retirement benefits plan until and unless negotiated otherwise. In the event BCCHS agrees to increase the above contribution for any other bargaining unit at BCCHS, it shall also increase its contribution for CEU unit members at the same time and in the same amount.