The Pension Plan Sample Clauses
The Pension Plan. Employees may choose to participate in the Queen's Pension Plan after a period of two continuous years of employment if they have earned 35% of the YMPE (Canada Pension Plan annual maximum pensionable earnings or worked at least 700 hours in each of two consecutive years).
The Pension Plan. The parties agree that the pension plan for Members of the Bargaining Unit is the Retirement Plan for the Staff of Laurentian University of Sudbury and its Federated and Affiliated Colleges (1975), hereinafter called the Plan. The parties further agree that both the Employer and Members shall continue to be bound by the modified terms and conditions of the Plan if such terms and conditions are modified by the Principal Employer (Laurentian University of Sudbury). Should the Plan contradict any terms and conditions stated within this Article, then the terms and conditions of the Plan shall prevail and the contradictory provisions of this Article shall be null and void.
The Pension Plan. The Standard Products Disability Phi
The Pension Plan. The Company will take such action as may be ---------------- appropriate to amend the Pension Plan and obtain the approval of the U.S. Treasury Department, for the purpose of effecting the following changes to the Pension Plan:
The Pension Plan. 23.01 Employees who become eligible for pension plan participation and who elect or are required to participate in a pension plan, may participate in either the Canadian Blood Services Defined Benefit Pension Plan or the Canadian Blood Services Defined Contribution Plan, in accordance with the provisions of the plan selected by the Employee.
The Pension Plan. 29.1.1 The Parties agree to continue the Xxxxxxx Xxxxxxx University Pension Plan, in effect and as revised and restated on1 January 2007, or as the same may be amended by the Board from time to time during the term of this Agreement. Any amendment to the Plan during the term of this Agreement shall be subject to the agreement of the Association. For the purposes of any dispute arising under Article 29, the terms and conditions of the Pension Plan shall be those described in the copy of the Plan filed with the Pension Commission.
29.1.2 A Member who is eligible to transfer funds from a previous employer's pension plan directly to the WLU Pension Plan may choose to have such funds placed as additional voluntary contributions or placed in the Money Purchase Plan with service credit for the funds transferred. In the case of service credit, the Member shall pay $350 for the administration costs and shall receive from the University the actuary's report which shall include a statement of the years of service credit and an estimate of the pension income resulting from the proposed transfer.
29.1.3 All full-time employees of the University are eligible to become enrolled in the WLU Pension Plan on the first day of the month coinciding with or following their first day of employment with the University. Full- time employees who are 30 years of age or more are automatically enrolled. Full-time employees under 30 years of age may postpone enrolment until age 30, at which time enrolment becomes automatic.
29.1.4 The Member and the University shall make matching contributions of seven (7) percent of a Member’s Reference Salary to the Member’s Money Purchase Account. Effective July 1, 2012 Members shall make contributions of seven and a half (7.5) percent for earnings below the YMPE and nine (9) percent for earnings above the YMPE of a Member’s Reference Salary to the Member’s Money Purchase Account. The University shall make contributions of seven (7) percent of a Member’s Reference Salary to the Member’s Money Purchase Account and in addition, shall contribute such amount as is certified by the plan Actuary as appropriate to make provision for the funding of the benefits to be provided from the Minimum Guarantee Pension.
29.1.5 Subject to legislative limitations, the Minimum Guaranteed Pension Benefit will be adjusted annually by an amount equal to the increase in the Consumer Price Index for the previous year, to a maximum of four percent (4%) per year, cumulative fr...