RRSP Plan. The Employer shall provide a Group RRSP matching pension plan. Eligible employees can contribute up to three (3%) per cent of regular earnings which shall be matched by the Employer. RRSP contributions will be made through payroll deduction. Effective January 1, 2022, eligible employees can contribute up to three point five (3.5%) percent of regular earnings, which shall be matched by the Employer. Enrolment in the Group RRSP plan is voluntary. An open period will occur once a year in November. In the event a participating Employee opts out of, or withdraws funds from the RRSP, the Employee shall not be eligible to continue participating in the RRSP and the Employer’s obligations to contribute to the Plan shall cease.
RRSP Plan. All full-time Employees who have completed one (1) year of continuous service are eligible to participate in the Group RRSP. The Employer will match contributions up to a maximum of four percent (4%) of the Employee’s gross bi-weekly payroll and contribute same into a registered retirement savings plan.
RRSP Plan. Following the establishment of a CUPE Group RRSP Plan, the Board agrees to deduct the monthly contributions from employees authorizing their participation in the plan and to remit those monthly contributions to the designated plan trustee.
RRSP Plan. Section 33.1 - Contributions and Administration Commencing on the first (1st) day of each month the Company shall contribute an amount per month, in accordance with the following schedule, for each employee covered by this Agreement who has been on the payroll for more than thirty (30) calendar days and who has reported for work at least one (1) day in the month unless otherwise specified in the Agreement. The R.R.S.P. Plan shall be administered by a Trust Company or any other agency that is legally entitled to perform such administration in the Province of Ontario. The Company shall supply each employee with an annual accounting of the contributions made on their behalf. Schedule of Contributions to be paid by the Company: Effective October 1, 2008 $555.00 Effective October 1, 2009 $555.00 Effective October 1, 2010 $555.00 RRSP contributions for new entry level employees hired before ratification date (July 17, 2004): These employees are red circled at their current step procedure except the RRSP’s which will go to 100% contribution upon ratification. RRSP’s for employees hired on or after date of ratification (July 17, 2004): 1st year of employment 0% 2nd year of employment 0% 3rd year of employment 0% 4th year of employment 50% of regular contributions 5th year of employment 50% of regular contributions 6th year of employment 75% of regular contributions 7th year of employment 100% of regular contributions
RRSP Plan. 48.01 You must have been an employee for one full year on January 1st of the current year in order to be added to the plan. i.e. Hired January 15th 2008 may Join January 1st, 2010.
RRSP Plan. The current RRSP plan will continue:
RRSP Plan a. The Employer shall provide each eligible employee the opportunity to contribute to a RRSP Plan. The Employer is only required to match eligible employee contributions to the maximum percentage of applicable wages as described at Schedule “A”.
RRSP Plan. 25.1 Any full time employee who has completed one (1) year service will be allowed to join the RRSP plan and contribute through payroll deductions. Employees with three (3) years service, who are full-time and contribute to the plan, will have their contributions matched, to a maximum two percent (2%) by the Company.
RRSP Plan. All bargaining unit employees are entitled to one percent (1%) RRSP contribution based on the gross earnings effective June 25, 2017. The contribution will be paid into the Plan on a bi-weekly basis and will commence on the first pay following June 25, 2017 and in accordance with Reena payroll schedule. The Plan as indicated above shall continue to be provided with the one percent (1%) RRSP contribution each year thereafter. Effective June 25, 2019, all bargaining unit employees are entitled to two percent (2%) RRSP contribution based on gross earnings which will cease on March 31st, 2020. The parties acknowledge that retroactive payments from June 25, 2019 to March 31, 2020 will be redistributed as agreed upon between the Union and Employer. As of April 1, 2020, employees will receive a maximum two percent (2%) RRSP contribution based on gross earnings contingent on the equivalent match by the employee. As of June 25, 2021, employees will receive a maximum three percent (3%) RRSP contribution based on gross earnings contingent on the equivalent match by the employee.
RRSP Plan. Effective March 1, 2013 the Employer agrees to contribute to each Employee’s personal RRSP Plan a total of $1.00 per hour. The Employer agrees that all hourly RRSP contributions made on behalf of the Employees will include all hours eight to the Employees for Statutory Holidays. It is also agreed by the parties that it is the responsibility of each Employee to inform their employer of the carrier of their personal RRSP and also to supply the Employer with all relevant other information needed for the payment of their RRSP contribution by the Employer. The Employee supplied information shall consist of the name and address of the Financial Institution and the RRSP Account Number. All of the Employee RRSP information must be presented to the Employer no later than February 1st of the individual year. Should be employee not submit the required RRSP information by the required due date, the Employer is to issue the RRSP contribution directly to the Employee as a wage amount complete with all source deductions. The Employee RRSP contribution cheques are to be made out to the Financial Institution and given to the individual Employee for their subsequent deposit.
