Western Conference of Teamsters Pension Plan. The bargaining unit may, during the term of this agreement, as a bargaining unit, elect to participate in the Western Conference of Teamsters Pension Trust. Contributions shall be by payroll diversion based on all compensated hours and shall be uniform by classification. Should the unit elect to participate, payroll and HR procedures will be mutually determined.
Western Conference of Teamsters Pension Plan. 4.1 Effective January 1, 2016, the Employer shall continue to pay into the Western Conference of Teamsters Pension Trust on account of each employee performing work of the bargaining unit, for each hour in which compensation is paid. The hourly contribution rate shall be eighty cents ($0.80) per compensable hour. Thereafter, the Employer shall pay into the Western Conference of Teamsters Pension Trust on account of each employee performing work in the bargaining unit, for each hour in which compensation is paid. The hourly contribution rate shall be allocated as follows: Effective Date Total $/Hour 1/1/12 $.60 1/1/13 $.70 1/1/14 $.80 1/1/17 $1.00 1/1/18 $1.20 All contributions to be allocated to the Basic Plan.
Western Conference of Teamsters Pension Plan. The bargaining unit elected to participate in the WCTPT effective January 1, 2012. Contributions shall be by pre-tax payroll diversion based on all compensated hours covered under this Agreement and shall be uniform by classification. For the purposes of this section, “all hours compensated” will be determined by total eligible hours worked, overtime, holidays, and hours of additional pay as stated on each employee’s monthly pay warrant and does not include vacation or sick leave cash out payments as allowable under state law and the bargaining agreement. If in the future withdrawal liability is assessed against the District due to a Union proposed withdrawal from the Pension Trust, said liability shall be paid by the bargaining unit members. Hourly pre-tax diversions in effect at the time shall continue until such time each bargaining unit member’s proportional share of the withdrawal liability is satisfied.
