WELFARE TRUST FUND Sample Clauses
The Welfare Trust Fund clause establishes a dedicated fund to provide specific benefits or welfare-related payments to eligible individuals, typically employees or members of an organization. This clause outlines how the fund is created, managed, and distributed, often specifying the types of benefits covered, such as health, retirement, or other support services. Its core practical function is to ensure that resources are systematically set aside and managed for the welfare of beneficiaries, thereby promoting financial security and well-being while clarifying the obligations of the parties involved.
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WELFARE TRUST FUND. Section 1. On work covered by this Agreement, the Employer agrees to pay into the Indiana Laborers Welfare Fund the amount in cents per hour as shown in Article XXIX. Payment shall be made on the dates, in the manner, form and in accordance with the rules and regulations as adopted by the Trustees of the herein mentioned Welfare Fund.
Section 2. The Employer agrees to be bound by the Agreement and Declaration of Trust, entered into and dated May 25, 1953, establishing the Indiana State District Council of Laborers and Hod Carriers Welfare Fund and Participating Employers and by any amendments to said Trust Agreement.
Section 3. The Welfare Trust Fund shall be administered in accordance with all provisions of applicable law.
Section 1. On work covered by this Agreement, the Employer agrees to pay into the Construction Workers Pension Trust Fund the amount in cents per hour as shown in Article XXIX. Payment shall be made on the dates, in the manner, form and in accordance with the rules and regulations as adopted by the Trustees of the herein mentioned Pension Trust Fund.
Section 2. The Employer agrees to be bound by the Agreement and Declaration of Trust entered into and dated June 1, 1960, establishing the Construction Workers Pension Trust Fund and Participating Employers and by any amendments to said Trust Agreement.
Section 3. The Pension Trust Fund shall be administered in accordance with all provisions of applicable law.
WELFARE TRUST FUND. An Employer, being signatory to this agreement, hereby covenants and agrees to be bound by all terms of the Trust Agreement governing the Ironworkers (Manitoba) Local Union 728 Central Welfare Trust Fund dated the 15th day of October, 1970 and all amendments thereto. Effective May 1, 2004, the Employer shall contribute $1.60 for every hour worked by each employee covered by this Agreement. Effective May 1, 2005, the Employer shall contribute $1.62 for every hour worked by each employee covered by this Agreement. Effective May 1, 2006, the Employer shall contribute $1.64 for every hour worked by each employee covered by this Agreement. Such contributions shall be forwarded to the Ironworkers (Manitoba) Local Union 728 Central Welfare Trust Fund by the 15th day of the month following the month in which the hours were worked. It will not be a violation of this agreement if the supply of labour is withheld due to non-payment of Welfare contributions by the Employer.
WELFARE TRUST FUND. Section 1. On work covered by this Agreement, the Employer agrees to pay into the Indiana Laborers Welfare Fund the amount in cents per hour as shown in Article XXXI. Payment shall be made on the dates, in the manner, form and in accordance with the rules and regulations as adopted by the Trustees of the herein mentioned Welfare Fund. The Employer may submit funds electronically.
Section 2. The Employer agrees to be bound by the Agreement and Declaration of Trust, entered into and dated May 25, 1953, establishing the Indiana State District Council of Laborers and Hod Carriers Welfare Fund and Participating Employers and by any amendments to said Trust Agreement.
Section 3. The Welfare Trust Fund shall be administered in accordance with all provisions of applicable law.
Section 1. On work covered by this Agreement, the Employer agrees to pay into the Construction Workers of Lake County Health Reimbursement Account Trust Fund the amount in cents per hour as shown in Article XXXI. Payment shall be made on the dates, in the manner, form and in accordance with the rules and regulations as adopted by the Trustees of the herein mentioned Construction Workers of Lake County Health Reimbursement Account Trust Fund. The Employer may submit funds electronically
Section 2. The Employer agrees to be bound by the Agreement and Declaration of Trust entered into and dated June 1, 2015, establishing the Construction Workers of Lake County Health Reimbursement Account Trust Fund and by any amendments to said Trust Agreement.
Section 3. The Construction Workers of Lake County Health Reimbursement Account Trust Fund shall be administered in accordance with all provisions of applicable law.
Section 1. On work covered by this Agreement, the Employer agrees to pay into the Construction Workers Pension Trust Fund the amount in cents per hour as shown in Article
WELFARE TRUST FUND. Section 1. On work covered by this Agreement, the Employer agrees to pay into the Indiana Laborers Welfare Fund the amount in cents per hour as shown in Article XXVII. Payment shall be made on the dates, in the manner, form and in accordance with the rules and regulations as adopted by the Trustees of the herein mentioned Welfare Fund.
Section 2. The Employer agrees to be bound by the Agreement and Declaration of Trust, entered into and dated May 25, 1953, establishing the Indiana State District Council of Laborers and Hod Carriers Welfare Fund and Participating Employers and by any amendments to said Trust Agreement.
Section 3. The Welfare Trust Fund shall be administered in accordance with all provisions of applicable law.
WELFARE TRUST FUND. The Centre agrees that it shall contribute a sum equal to four (4%) effective January 1, 2005 of the total gross wages paid to all members of the Union on a monthly basis by cheque payable to the Union. This Welfare Fund shall be administered exclusively by the Union for the establishment of benefits supplementary to those already existing to members of the Union under federal or provincial legislation, the contract between the Centre and the Union, or under any other existing social welfare schemes. The contributions by the Centre shall be used for the payment of group insurance plan premiums available through established insurance companies and supplementary benefits as determined by the Trustees. The employer shall be provided with a copy of the IATSE Local 471 Welfare Trust document which governs and administers this fund.
WELFARE TRUST FUND. A. An Employer, being signatory to this agreement, hereby covenants and agrees to be bound by all terms of the Trust Agreement governing the Ironworkers (Manitoba) Local Union 728 Central Welfare Trust Fund dated the 15th day of October 1970 and all amendments thereto. Effective May 1, 2023, the Employer shall contribute two dollars ($2.00) for every hour worked by each employee covered by this Agreement. Effective May 1, 2024, the Employer shall contribute two dollars and five cents ($2.05) for every hour worked by each employee covered by this Agreement. Such contributions shall be forwarded to the Ironworkers (Manitoba) Local Union 728 Central Welfare Trust Fund by the 15th day of the month following the month in which the hours were worked.
B. It will not be a violation of this Agreement if the supply of labour is withheld due to non- payment of Welfare contributions by the Employer.
C. If any Employer shall fail to remit payments required to be made pursuant to the terms of this Collective Agreement and as stipulated within the most current stated Ironworkers Central Health and Benefit Trust Fund (Manitoba) Trust Agreement, between the Union and the
WELFARE TRUST FUND. 14.4.1 The Association shall create a trust fund pursuant to the rules of the Department of Labor and the laws of the State of New York and upon presentation by the Association to the district of documentation demonstrating the creation of a legal trust the District shall pay annually to the trustees for each full time employee an amount equal to $1,250. One quarter of the amount shall be paid on July 1, one quarter on October 1, one quarter on January 1, one quarter on April 1. Such payments will be adjusted according to the total number of full time employees as of each quarterly payment. In each quarter the number of full time employees shall be determined by the full time equivalent of the total number of employees employed by the District. District will make available a vision plan for all HTA unit members/retirees who elect health insurance with the District. The plan benefits will be equivalent to DEHIC vision coverage, as available. The cost of the vision plan will be shared with the same annual unit member contributions as designated with regard to health insurance contribution.
WELFARE TRUST FUND. An Employer, being signatory to this agreement, hereby covenants and agrees to be bound by all terms of the Trust Agreement governing the Ironworkers (Manitoba) Local Union Central Welfare Trust Fund dated the day of October, and all amendments thereto. Effective May the Employer shall contribute one dollar and sixty-four ($1.64) every hour worked by each employee covered by this Agreement. Effective May the Employer shall contribute one dollar and sixty-six ($1.66) every hour worked by each employee covered by this Agreement. Effective May the Employer shall contribute one dollar and sixty-six ($1.66) for every hour worked by each employee covered by this Agreement. Such contributions shall be forwarded to the Ironworkers (Manitoba) Local Union Central Welfare Trust Fund by the day of the month following the month in which the hours were worked. It will not be a violation of this agreement if the supply of labour is withheld due to non- payment of Welfare contributions by the Employer. If any Employer shall fail to remit payments required to be made pursuant to the terms of this Collective Agreement and as stipulated within the most current stated Central Health and Benefit Trust Fund (Manitoba) Trust Agreement, between the Union and the Structural Steel and Reinforcing Steel Trade Divisions, a penalty of of the outstanding amount may be charged for any unpaid amount of Contributions.
WELFARE TRUST FUND. The Centre agrees that it shall contribute a sum equal to four (4%) effective January 1, 2005 of the total gross wages paid to all members of the Union on a monthly basis by cheque payable to the Union. This Welfare Fund shall be administered exclusively by the Union for the establishment of benefits supplementary to those already existing to members of the Union under federal or provincial legislation, the contract between the Centre and the Union, or under any other existing social welfare schemes.
WELFARE TRUST FUND. An Employer, being signatory to this Agreement, hereby covenants and agrees to be bound by all terms of the Trust Agreement governing the Ironworkers (Manitoba) Local Union 728 Central Welfare Trust Fund dated the 15th day of October, 1970 and all amendments thereto. Effective May 1, 2013, the Employer shall contribute one dollar and ninety-six ($1.96) for every hour worked by each employee covered by this Agreement. Such contributions shall be forwarded to the Ironworkers (Manitoba) Local Union 728 Central Welfare Trust Fund by the 15th day of the month following the month in which the hours were worked. It will not be a violation of this Agreement if the supply of labour is withheld due to non- payment of Welfare contributions by the Employer.