UFCW Pension Plan Sample Clauses

UFCW Pension Plan. I. Effective December 28, 1997, the Employer will participate in the UFCW Industry Pension Plan and Trust Fund (hereinafter referred to as the Plan and/or Trust, as applicable) on the following terms and conditions.
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UFCW Pension Plan. Pension Contributions Effective the first contribution period after Ratification of this Agreement, the Employer shall commence contributions to the Joint UFCW Pension Trust on behalf of all employees under separate cost group within the Overwaitea Division of the UFCW Pension Plan Trust. The initial level of Employer contributions shall be at 2.50% of an employee’s earnings and shall increase to the following amounts in January of each of the following years: 2010 – 3.00% 2011 – 3.50% 2012 – 4.00% 2013 – 5.00% 2014 – 5.50% 2015 – 6.00% 2016 – 6.50% 2017 – 7.00% 2018 – 7.50% 2019 – 8.00% Effective January 2014, employee contributions shall commence as follows: Age 18 to under age 30 – 1% of earnings Age 30 to under age 40 – 2% of earnings Age 40 and above – 4% of earnings Each employee shall have the option of transferring their existing pension funds to the Joint UFCW Pension Plan and use these funds to obtain past pensionable service and/or they may use other funds to purchase past pensionable service subject to actuarial calculation. Once this option is exercised Letter of Understanding #7 – Health & Welfare, Dental and Pension Trust can be deleted.

Related to UFCW Pension Plan

  • Canada Pension Plan All employees shall participate in and contribute to the Canada Pension Plan in accordance with the applicable legislation. The College will contribute to the plan for each employee, to the extent provided for in the applicable legislation.

  • Defined Benefit Pension Plan 1. The Employer and the Union hereby agree to the continuation of the existing Northern California Glaziers, Architectural Metal and Glass Workers Pension Trust Agreement ("Defined Benefit Pension Trust").

  • Municipal Pension Plan (i) All newly hired regular employees shall participate under the Municipal Pension Plan, subject to the terms and conditions of such Plan, from their initial date of hire as a regular employee.

  • Pension Plan 15.01 The CLAC Pension Plan (“the Plan”), a defined contribution pension plan, is registered with the Canada Revenue Agency. The Plan applies to all employees covered by this Agreement.

  • Oregon Public Service Retirement Plan Pension Program Members For purposes of this Section 2, “employee” means an employee who is employed by the State on or after August 29, 2003 and who is not eligible to receive benefits under ORS Chapter 238 for service with the State pursuant to Section 2 of Chapter 733, Oregon Laws 2003.

  • Health Benefit Plan Par. 1. The Health Benefit Plan covering life insurance, sickness and accident benefits, and hospitalization insurance, or any changes thereto that are in accordance with the National Elevator Industry Health Benefit Plan and Declaration of Trust, shall be a part of this Agreement and adopted by all parties signatory thereto.

  • Deferred Compensation Plan Manager shall be eligible to participate in the First Mid-Illinois Bancshares, Inc. Deferred Compensation Plan in accordance with the terms and conditions of such Plan.

  • Pension Benefits Each party reserves the right to retain as his or her sole and absolute separate property, the entire interest in pension benefits now vested, or that become vested in the future, and the right to manage, control, transfer, and convey all such property and dispose of the same by will, beneficiary designation or otherwise, without any interference from the other. The parties acknowledge that this Agreement shall constitute an effective waiver of any rights in the other's pension benefit plans. Furthermore, each party agrees to execute whatever additional waiver document may be necessary or useful to confirm such waiver of rights to the other party's pension benefit plans.

  • 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:

  • Deferred Compensation Plans Employees are to be included in the State of California, Department of Personnel Administration's, 401(k) and 457 Deferred Compensation Programs. Eligible employees under IRS Code Section 403(b) will be eligible to participate in the 403(b) Plan.

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