Defined Contribution Fund (Pension) Sample Clauses

Defined Contribution Fund (Pension). Pension – It is agreed that all Employers who are, or become signatory or bound by this Agreement, agree to contribute to the Bricklayers and Allied Craftsmen, Local 3 and 16, Asbestos Workers, Local 49 Retirement Fund the rate as set forth in the Collective Bargaining Agreement, and if that rate is ever increased during the life of this Agreement, the additional amount contributed shall be deducted from the base wage rate of the Employees. All Employers who are or become signatories or bound by this Agreement further agree to be bound by the provisions of such Trust Agreement and Supplemental Retirement Plan and to make contributions thereto in a timely matter as required by Article VII, SECTION II of this Collective Bargaining Agreement or a collection policy adopted by the Board of Trustees. Contributions are payable on all hours worked, and shall be remitted to such office as designated in Article VIII, Section II, Subsection I, together with contribution reports, in accordance with the directions of the Board of Trustees. Overtime rates stated in Article IV shall apply to this Defined Contribution Plan. Reciprocal agreements with other locals will be in place to send the Employees’ Pension to his Home Fund. Temporary Permits, on Referral Card, are not included under this provision.
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Related to Defined Contribution Fund (Pension)

  • Defined Contribution Plan The Employer will establish the following Employer contribution programs in the existing salary deferral plans: » Beginning in 2006 and continuing throughout the term of the Agreement, a performance-based contribution

  • Employer Contribution (a) An Employer contribution for health and dental benefits will only be made for each active employee who has at least eighty (80) paid regular hours in a month and who is eligible for medical insurance coverage, unless otherwise required by law.

  • Retirement Contribution The State shall, as permitted by 5 M.R.S.A. §17702 §§s5 and 6, pay the cost of the 6.5% or 7.5% retirement contribution for employees in the following classifications. Corrections Firearms Instructor Oil & Hazardous Material Responder I Oil & Hazardous Material Responder II

  • BENEFIT FUND The Trustees are authorized and directed to establish a study committee to review the legality, feasibility and desirability of setting up and maintaining an employee funded Section 125 Flexible Spending Account (FSA). If an FSA is determined to be legal, feasible and desirable in this context, the Trustees are further authorized and directed to establish such an arrangement and offer it to employees covered by this Agreement; provided that the FSA shall not be offered to employees of any Employer who is unwilling or unable to permit employee participation in the FSA.

  • 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").

  • Member Contributions With respect to benefits accrued under the Retirement System on or after January 1, 2021, members shall be required to make the following rates of member contributions to the Retirement System:

  • Company Contributions (a) For employees hired, rehired or who become covered under the CWA 3176 Agreement through any means before January 1, 2016, the Company shall contribute a Company Matching Contribution equal to 25 percent of the Participant’s Contribution up to a maximum of 6 percent of eligible wage.

  • Matching Contributions The Employer will make matching contributions in accordance with the formula(s) elected in Part II of this Adoption Agreement Section 3.01.

  • City Contribution 387. The City agrees to maintain health and dental benefits at present levels for the life of the Agreement.

  • Catch-Up Contributions In the case of a Traditional IRA Owner who is age 50 or older by the close of the taxable year, the annual cash contribution limit is increased by $1,000 for any taxable year beginning in 2006 and years thereafter.

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