Common use of Superannuation Benefits Clause in Contracts

Superannuation Benefits. A-5.01 Subject to the rules and regulations of the Plan, the Co-operative will provide eligible employees with the Co-operative Superannuation Society Pension Plan. Employee contributions will be matched by the Co-operative. The contribution rate by the Co-operative and the employee to be applied to an employee’s earnings will be seven and one-half (7.5%) percent less the Canada Pension Plan contribution rate. A-5.02 The Co-operative shall make employees aware of their eligibility to participate in the plan and shall provide each such employee with an application form.