Pension Fund. The Company shall establish a Pension Fund for the purpose of providing the pension benefits under this Agreement. Such fund shall be either a trust fund, or an insured fund, or a combination thereof. The Company shall pay currently into the pension fund, such amounts as the actuary, retained by the Company for the purposes of the plan, shall certify to be necessary to provide the current service costs and for amortization within the period prescribed by law of any unfunded liability or experience deficiency after taking into consideration the assets of the Pension Fund and such other factors as may be deemed relevant. The Company at its option may, from time to time, pay into the Pension Fund additional amounts.
Appears in 4 contracts
Samples: Collective Labour Agreement, Collective Labour Agreement, Collective Labour Agreement
Pension Fund. The Company shall establish a Pension Fund pension fund for the purpose of providing the pension benefits under this Agreement. Such fund shall be either a trust fund, or an insured fund, or a combination thereofcombinationthereof. The Company shall pay currently into the pension fundPension Fund, such amounts as the actuary, actuary retained by the Company for the purposes of the plan, shall certify to be necessary to provide the current service costs and for amortization within the period prescribed by law of any an unfunded liability or experience deficiency after taking into consideration the assets of the Pension Fund pension fund and such other factors as may be deemed relevant. The Company at its option may, may from time to time, pay into the Pension Fund additional amounts.
Appears in 2 contracts
Samples: negotech.labour.gc.ca, www.sdc.gov.on.ca
Pension Fund. The THE Company shall establish a Pension Fund pension fund for the purpose of providing the pension benefits under this Agreement. Such fund shall be either a trust fund, or an insured fund, or a combination thereof. The Company shall pay currently into the pension fundPension Fund, such amounts as the actuary, actuary retained by the Company for the purposes of the plan, shall certify to be necessary to provide the current service costs and for amortization within the period prescribed by law of any an unfunded liability or experience deficiency after taking into consideration the assets of the Pension Fund pension fund and such other factors as may be deemed relevant. The Company at its option may, may from time to time, pay into the Pension Fund additional amounts.
Appears in 2 contracts
Samples: Labour Agreement, Labour Agreement
Pension Fund. The Company shall establish a Pension Fund for the purpose of providing the pension benefits under this Agreement. Such fund shall be either a trust fund, or an insured fund, or a combination thereof. The Company shall pay currently into the pension fundPension Fund, such amounts as the actuary, retained by the Company for the purposes of the plan, shall certify to be necessary to provide the current service costs and for amortization within the period prescribed by law of any unfunded liability or experience deficiency after taking into consideration the assets of the Pension Fund and such other factors as may be deemed relevant. The Company at its option may, from time to time, pay into the Pension Fund additional amounts.
Appears in 2 contracts
Pension Fund. The Company shall establish a Pension Fund pension fund for the purpose of providing the pension benefits under this Agreement. Such fund shall be either a trust fund, or an insured fund, or a combination thereof. The Company shall pay currently into the pension fundPension Fund, such amounts as the actuary, actuary retained by the Company for the purposes of the plan, shall certify to be necessary to provide the current service costs and for amortization within with- in the period prescribed by law of any an unfunded liability or experience deficiency after taking into consideration the assets of the Pension Fund pension fund and such other factors as may be deemed relevant. The Company at its option may, may from time to time, pay into the Pension Fund additional amounts.additional
Appears in 1 contract
Samples: Collective Labour Agreement