Retirement Saving Plan. Full-time and part-time employees are eligible to participate in the retirement savings plan. The Employer will facilitate such plan and will match up to 4% for any such eligible employee who participates in the Plan.
Retirement Saving Plan. The Employer will contribute for each permanent employee 2% of their regular gross annual earnings (hourly rate x 40 hours x 52 weeks) towards a retirement saving plan in guaranteed investment funds. This amount is divided by 12 to pay monthly into the plan. Effective January 1, 2008, the Employer's contribution will be raised to three point five percent (3.5%). Effective January 1, 2009, the Employer's contribution will be raised to four percent (4%).
Retirement Saving Plan. 20.01 The Parties recognize the necessity of a retirement plan that would aid to the financial security of retiring employees and shall provide a Group Registered Savings plan to all employees. The Parties agree to be bound by the terms of the current plan provided by Mackenzie Financial Corporation and administered in accordance with its terms.
Retirement Saving Plan. 29.01 Employees with more than one (1) year of service with the Company shall be entitled to contribute to a Group Registered Retirement Savings Plan (RRSP). The exclusive purpose of this plan is to allow for the accumulation of savings for retirement. The plan shall comply with all rules and legislation applicable to such plans by the Federal Government of Canada. Any Trust Fees related to the administration of the plan shall be equally shared between the Company and the employee. An employee may contribute a percentage of their regular gross wages, as determined by the employee, which shall be matched to a maximum of two percent (2%) by the Employer.
