UFCW Union Pension Plan. I. The Employer will participate in the United Food and Commercial Workers Union Pension Plan (hereinafter referred to as the Plan and/or Trust, as applicable) on the following terms and conditions:
UFCW Union Pension Plan. The Employer agrees to contribute forty-nine cents (49¢) per hour straight time actually worked, including hours worked on Sunday if such hours are part of the basic workweek of an employee, not to exceed three dollars ninety-two cents ($3.92) per day or nineteen dollars sixty cents ($19.60) per week, on behalf of each employee covered by this Agreement. Effective April 3rd, 1994, Pension Plan contributions will increase to sixty-three cents (63¢) per hour straight time actually worked, not to exceed five dollars and four cents ($5.04) per day or twenty-five dollars twenty cents ($25.20) per week, on behalf of each employee covered by this Agreement. Effective April 2nd, 1995 increase to seventy-three cents (73¢) per hour straight time actually worked, not to exceed five dollars and eighty-four cents ($5.84) per day and twenty-nine dollars and twenty cents ($29.20) per week. Effective April 1st, 1996, increase to eighty-eight cents (88¢) per hour straight time actually worked, not to exceed seven dollars and four cents ($7.04) per day and thirty-five dollars and twenty cents ($35.20) per week. Paid vacations for full-time employees and statutory holidays for all employees shall be considered as time worked for all purposes of the Collective Agreement. The contributions shall be accompanied by a written statement showing the hours paid for each employee. In addition, the Employer agrees to pay interest on all such contributions which are not postmarked or deposited within thirty (30) days of the last day of the contribution period at the Bank of Canada Prime Rate as in effect on January 1st and July 1st of each year, from the last day of the period. Each contribution period shall comprise not less than four (4) or more than five (5) weeks. The Employer and the Union agree to the original method of selection of Employer and Union Trustees to administer the plan. It is agreed that the terms of the plan and its administration shall be entirely the responsibility of these original Trustees or their valid replacements, provided that the plan is administered consistently with this Collective Agreement, subject to any applicable government law or regulation and with the intention of meeting all of the requirements for continued registration under the Income Tax Act of Canada. Subject to the foregoing, the Employer and the Union agree to be bound by the actions taken by the Employer and Union Trustees under the plan. Long-Term Disability benefits and eligibility fo...
