Retirement Savings Fund Sample Clauses

Retirement Savings Fund. Effective as of the dates set forth in Appendix C, each Employer will contribute the sum per hour set forth or to be determined in the manner set forth in Appendix C for each hour worked by and on behalf of each employee covered by this Agreement to the Plumbers’ Retirement Savings Fund, Local 130, UA. The Plumbers Retirement Savings Fund, formerly an employee funded 401(k) Plan pursuant to Plan Amendments, effective June 1, 2014 and the merger of the Northern Illinois Retirement Fund and the Plumbers Local Union No. 93 Retirement Account have been merged into the Retirement Savings Fund.
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Retirement Savings Fund a defined contribution plan (DC plan) will be the sole pension plan under this Section 4.8(b). Upon entrance in the Plumbers 130 apprentice program, wages and fringe benefit levels shall continue under Appendix C until the attainment of a City of Chicago or State of Illinois Journeyman Plumbing License or at the X0, X0, X0 or M7 rates if retained in employment.
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Retirement Savings Fund. It is understood and agreed that there has been es- tablished a Pension Fund known as the Local 219 Retirement Savings Plan (Fund), a Fund ad- ministered by a Board of Trustees in accordance with the terms of a Trust Document. During the term of this contract, the Employer agrees to contribute to the Retirement Savings Fund the hourly contribution rate established by the Retirement Savings Fund Trustees, for each hour and part of an hour worked for each Employee covered by this Agreement (excluding Pre- Apprentices), according to the payment procedures outlined in Addendum 12. Contributions for those hours for which wages are paid at one and one half (1½) or two (2) times the gross taxable wage will be made to the Fund at one and one half (1½) or two (2) times the hourly contribution rate, respectively. The Fund maintains a place of business at 0000 Xxxxxxxxxx Xxxxx, Xxxxxxxx, Xxxxxxxx 00000 or at such other place designated by the Trustees. It is understood and agreed that the Employer shall be bound to the terms and provisions of the Agreement and Declaration of Trust of the Local 219 Retirement Savings Plan, and all amend- ments heretofore or hereafter made thereto, as though the same were fully incorporated herein. The Fund is established and to be administered in accordance with the applicable provisions of the Labor Management Relations Act of 1947, as amended, and the Employee Retirement In- come Security Act of 1974, as amended, and all other applicable laws. Contributions to the aforesaid Fund shall not constitute or be deemed wages due to the Em- ployee. The sole liability of the Employer, except as otherwise provided herein, shall be the pay- ment of the Pension contributions as provided in this Addendum.
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Retirement Savings Fund. 144. Each Employer signatory or otherwise bound to this Agreement agrees to become party to the current Restated Agreement and Declaration of Trust establishing the Heating, Piping and Refrigeration Retirement Savings Fund and further agrees to be bound by the Declaration of Trust and any amendments adopted thereto.
Sample 1
Retirement Savings Fund. (a) For the period August 1, 2023 through July 31, 2024, Employers shall contribute to the SEIU Local 1 Suburban 401(k) Savings Retirement Fund at the rate of twenty cents ($.20) per regular, non-overtime hour worked for each employee. Paid holidays, paid vacations and funeral absence (up to three working days) are deemed time worked for Retirement Fund contribution purposes. In the event an employee works during his or her holiday or vacation, one payment to the Retirement Fund is all that will be required. This is the primary 401(k) plan for bargaining unit employees and employees are not eligible to participate in two plans.
Sample 1

Related to Retirement Savings Fund

  • Retirement Savings Plan Within fifteen (15) days after the date of Termination of Employment, the Company shall pay to Employee a cash payment in an amount, if any, necessary to compensate Employee for the Employee’s unvested interests under the Company’s retirement savings plan which are forfeited by Employee in connection with the Termination of Employment.

  • REGISTERED RETIREMENT SAVINGS PLAN 1. In this Article:

  • Retirement Plan Employee shall participate, after meeting eligibility requirements, in any qualified retirement plans and/or welfare plans maintained by the Company during the term of this Agreement.

  • Savings Plan Executive will be eligible to enroll and participate, and be immediately vested in, all Company savings and retirement plans, including any 401(k) plans, as are available from time to time to other key executive employees.

  • Retirement Contribution The State shall, as permitted by 5 M.R.S.A. §17702 §§s5 and 6, pay the cost of the 6.5% or 7.5% retirement contribution for employees in the following classifications. Corrections Firearms Instructor Oil & Hazardous Material Responder I Oil & Hazardous Material Responder II

  • Retirement Plans In connection with the individual retirement accounts, simplified employee pension plans, rollover individual retirement plans, educational IRAs and XXXX individual retirement accounts (“XXX Plans”), 403(b) Plans and money purchase and profit sharing plans (collectively, the “Retirement Plans”) within the meaning of Section 408 of the Internal Revenue Code of 1986, as amended (the “Code”) sponsored by a Fund for which contributions of the Fund’s shareholders (the “Participants”) are invested solely in Shares of the Fund, JHSS shall provide the following administrative services:

  • Retirement Pay Any teacher with ten (10) years consecutive teaching experience in the Park Hill School District immediately prior to retirement from PSRS without an age reduction for early retirement, shall receive upon retirement from the Park Hill School District a terminal amount based upon the following formula: (Notation, the teacher must make application to PSRS for retirement and begin drawing from PSRS on the first available month following retirement). Years of service to the Park Hill School District to be divided by ten (10) and multiplied by one-ninth (1/9) of the last completed contract. Retirement notification after December 15 for the current academic year will result in a reduction of $1,000.00 from the total under Article 36. In the event of a sudden severe illness of the teacher, teacher’s legally recognized spouse, and/or child, the transfer of a legally recognized spouse, or being called into active military duty may be cause for the District not to impose the late notification reduction of $1,000.00. A teacher who otherwise qualifies for payment under Article 36 and dies while currently classified as an active employee will receive such payment.

  • Retirement Contributions On behalf of employees, the State will continue to “pick up” the six percent (6%) employee contribution, payable pursuant to law. The parties acknowledge that various challenges have been filed that contest the lawfulness, including the constitutionality, of various aspects of PERS reform legislation enacted by the 2003 Legislative Assembly, including Chapters 67 (HB 2003) and 68 (HB 2004) of Oregon Laws 2003 (“PERS Litigation”). Nothing in this Agreement shall constitute a waiver of any party’s rights, claims or defenses with respect to the PERS Litigation.

  • Health Care Savings Plan As provided in this Agreement, eligible ASF Members will participate in the health care savings plan (HCSP) established under Minnesota Statute 352.98, and as administered by the Plan Administrator. The Employer is responsible only for transferring funds, as specified in this agreement, to the Plan Administrator.

  • Profit Sharing Plan Under the Northrim BanCorp, Inc. Profit Sharing Plan (the “Plan”), Executive shall be eligible to receive an annual profit share based on performance as defined by the Board of Directors. Executive will be classified in the Executive tier under the Plan’s Responsibility Factors. If Employer is required to prepare an accounting restatement due to “material noncompliance of the Employer,” the Employer will recover from the Executive any incentive compensation during the three (3) years prior to the date of the restatement, in excess of what would have been paid under the restatement. Executive’s signature on this Agreement authorizes Employer to offset or deduct from any compensation Employer may owe Executive, any excess payments (in whole or in part) that Executive may owe Employer due to such restatement(s).

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