Common use of WLU Pension Plan Clause in Contracts

WLU Pension Plan. 23.8.1 Under the terms of 23.8.2, Members as part-time employees are eligible but not required to join the WLU Pension Plan. 23.8.2 Members are eligible to enrol in the WLU Pension Plan following two consecutive calendar years of employment in which they have either earnings greater than thirty-five percent (35%) of the Canada Pension Plan Yearly Maximum Pensionable Earnings, or have worked a minimum of seven hundred (700) hours in each of the two (2) years. 23.8.3 Once a part-time CAS or Librarian Member has enrolled in the WLU Pension Plan under the terms of 23.8.2, the Member is eligible to make contributions to the Plan during subsequent appointment periods as a Member. Pension Plan membership shall terminate when there is a break in service with the University of more than twenty- four (24) months. 23.8.4 Members who have established membership in the WLU Pension Plan through employment with the University in capacities other than as Members of this Bargaining Unit retain their membership in the Plan should their other employment with the University terminate, subject to the break in service under 23.8.3.

Appears in 1 contract

Sources: Collective Agreement

WLU Pension Plan. 23.8.1 Under the terms of 23.8.2, Members as part-part- time employees are eligible but not required to join the WLU Pension Plan. 23.8.2 Members are eligible to enrol in the WLU Pension Plan following two consecutive calendar years of employment in which they have either earnings greater than thirty-five percent (35%) of the Canada Pension Plan Yearly Maximum Pensionable Earnings, or have worked a minimum of seven hundred (700) hours in each of the two (2) years. 23.8.3 Once a part-time CAS or Librarian Member has enrolled in the WLU Pension Plan under the terms of 23.8.2, the Member is eligible to make contributions to the Plan during subsequent appointment periods as a Member. Pension Plan membership shall terminate when there is a break in service with the University of more than twenty- four (24) months. 23.8.4 Members who have established membership in the WLU Pension Plan through employment with the University in capacities other than as Members of this Bargaining Unit retain their membership in the Plan should their other employment with the University terminate, subject to the break in service under 23.8.3.twenty-four

Appears in 1 contract

Sources: Collective Agreement