Common use of Group RRSP Clause in Contracts

Group RRSP. Employees who have completed their probationary period may opt into the Group RRSP as described in Appendix 5. Employers which do not have an RRSP, and implement one as a result of this Collective Agreement, will select a fund manager mutually agreed to by the Employer and the Union. Existing Employers which opt to change the current fund manager of their RRSP will select a new fund manager for the Plan with the mutual agreement of the Union, provided that this does not result in any additional cost to the Employer. Only a single fund manager for the RRSP will be utilized by an Employer at any one time. The Parties agree that the Union/Management Committee shall discuss, on an annual basis, any issues relating to the administration and performance of the Group RRSP.

Group RRSP. Employees who have completed their probationary period may opt into the Group RRSP as described in Appendix 52. Employers which do not have an RRSP, and implement one as a result of this Collective Agreementcollective agreement, will select a fund manager mutually agreed to by the Employer and the Union. Existing Employers which opt to change the current fund manager of their RRSP will select a new fund manager for the Plan with the mutual agreement of the Union, provided that this does not result in any additional cost to the Employer. Only a single fund manager for the RRSP will be utilized by an Employer at any one time. The Parties parties agree that the Union/Management Committee shall discuss, on an annual basis, any issues relating to the administration and performance of the Group RRSP.