Ineligibility Due to Age. Whereas coverage under the Benefit Plan ceases for the plan participant because of age, an amount equivalent to the contributions to the Trust Fund, will be paid to that employee and treated as wages. This is the hourly Employer contribution amount outlined in Schedule “A”.
Ineligibility Due to Age. Where legislation prohibits an employee from contributing because of age, an amount equivalent to the contributions will be paid to that employee as wages on each paycheque and treated as wages. This payment in-lieu of pension contributions will not be less than the amount that employee would have received if they were still contributing to the Plan.
Ineligibility Due to Age. Whereas coverage under the Benefit Plan ceases for the plan participant because of age, an amount equivalent to the contributions to the Benefit Plan as outlined in Schedule “A”, less any employment and statutory deductions, will be paid to that employee and treated as wages.
Ineligibility Due to Age. Whereas coverage under the Trust Fund ceases for the plan participant because of age, an amount equivalent to the contributions to the Trust Fund as outlined in Schedule “A”, less any employment and statutory deductions, will be paid to that employee and treated as wages.
Ineligibility Due to Age. Where legislation prohibits contributions being made to the Union Sponsored Pension Plan because of an employee’s age, the Employer will instead pay an amount equivalent to the contributions outlined in 16.01 to that employee on each paycheque. This payment, in-lieu of Pension Plan contributions, will not be less than the amount that employee would have received if the employee were still eligible for contributions to the Union Sponsored Pension Plan.
Ineligibility Due to Age. Whereas coverage under this Insurance Plan ceases for the plan participant at the attainment of age seventy-five (75), an amount equivalent to the contributions to the Insurance Plan as outlined in the Schedules will be paid to the employee, upon attainment of their seventy-fifth (75th) birthday, on each paycheque. This payment, in-lieu of contributions to the Insurance Plan, administered by the CLAC Health and Welfare Trust Fund, will not be less than the contributions that would have been made on behalf of the employee if he/she were still eligible for the Insurance Plan. It is further understood these payments will be subject to taxes and other deductions stipulated federally or by this Collective Agreement.
Ineligibility Due to Age. Whereas coverage under the Benefit Plan ceases for the plan participant because of age, an amount equivalent to the contributions to the Insurance Plan, will be paid to that employee and treated as wages. This payment, in- lieu of contributions to a Health Benefit Plan, will not be less than the contributions that would have been made on behalf of the employee if they were still eligible for the Plan.
Ineligibility Due to Age. Whereas coverage under the Trust Fund ceases for the plan participant six (6) months after the employee turns sixty-four (64) years of age (the “Age Out Date”), an amount equivalent to the contributions to the Trust Fund will be paid to that employee following the Age Out Date and treated as wages. This is the hourly Employer contribution amount outlined in Schedule “A”.
Ineligibility Due to Age a. Where eligibility for coverage under the Plan ceases because of age, an amount equivalent to the contributions to the Insurance Plan outlined in Schedule “A” will be added to the employee’s hourly pay rate.
