Common use of Pension Trust Fund Clause in Contracts

Pension Trust Fund. In addition to the wages, vacation pay and other benefits set out in this Collective Agreement, each Em- ployer will contribute the sum of pension contribution as stipulated in the wage schedule for all regular and overtime hours worked by each Employee covered by the Collective Agreement to the Trust Fund known as “Local Union 47 Pension Trust Fund”. Without limiting the terms of the said Trust Agreement to be entered into, the purpose and intent of such Agreement shall be to purchase Pension and Supplementary Benefits and such other benefits as the said Trustees shall deem advisable, provided, however, that all such ben- efits shall be for the exclusive advantage and benefit of the Employees covered by this Collective Agree- ment. The Union and the Association agree to the ad- ministration of the Local Union 47 Pension Trust Fund by the established Trustees. The Employer agrees to abide by the terms and conditions established in the Trust Agreement between M.C.A. Ottawa and Local 47 and such amendments as made by the parties to the Trust Agreement from time to time. Payment to the said Local Union 47 Pension Trust Fund shall be made by the Employers prior to the 15th day of the month immediately following the month in which the said wages were earned and at no time shall the payments be made to any individual employee. Payments to the Local Union 47 Pension Trust Fund shall be accompanied by a completed monthly report on a form to be supplied to the Employers by the Trust- ees and/or the Administrator appointed by the said Trustees to administer the said Trust Funds. All amounts paid by the Employer to the Pension Trust Fund shall be in addition to the hourly wage rates established in this Agreement and in no case shall the Employer deduct any such amounts from the Employ- ee’s wage. In the event that this Pension Plan is discontinued for any reason whatsoever, the hourly contributions herein agreed will become part of the hourly wages of the employee on whose behalf they have been for- xxxxx contributed.

Pension Trust Fund. In addition to the wages, vacation pay and other benefits set out in this Collective Agreement, each Em- ployer Employer will contribute the sum of pension contribution contribu- tion as stipulated in the wage schedule for all regular and overtime hours worked by each Employee covered cov- ered by the Collective Agreement to the Trust Fund known as “Local Union 47 Pension Trust Fund”. Without With- out limiting the terms of the said Trust Agreement to be entered into, the purpose and intent of such Agreement Agree- ment shall be to purchase Pension and Supplementary Supplemen- tary Benefits and such other benefits as the said Trustees Trus- tees shall deem advisable, provided, however, that all such ben- efits benefits shall be for the exclusive advantage and benefit of the Employees covered by this Collective Agree- mentAgreement. The Union and the Association agree to the ad- ministration admin- istration of the Local Union 47 Pension Trust Fund by the established Trustees. The Employer agrees to abide by the terms and conditions established in the Trust Agreement between M.C.A. Ottawa and Local 47 and such amendments as made by the parties to the Trust Agreement from time to time. Payment to the said Local Union 47 Pension Trust Fund shall be made by the Employers prior to the 15th day of the month immediately following the month in which the said wages were earned and at no time shall the payments be be-made to any individual employee. Payments to the Local Union 47 Pension Trust Fund shall be accompanied by a completed monthly report on a form to be supplied to the Employers by the Trust- ees Trus- tees and/or the Administrator appointed by the said Trustees to administer the said Trust Funds. All amounts paid by the Employer to the Pension Trust Fund shall be in addition to the hourly wage rates established in this Agreement and in no case shall the Employer deduct any such amounts from the Employ- ee’s wage. In the event that this Pension Plan is discontinued for any reason whatsoever, the hourly contributions herein agreed will become part of the hourly wages of the employee on whose behalf they have been for- xxxxx contributed.

Pension Trust Fund. In addition to the wages, vacation pay and other benefits set out in this Collective Agreement, each Em- ployer Employer will contribute the sum of pension contribution as stipulated in the wage schedule for all regular and overtime hours worked by each Employee covered by the Collective Agreement to the Trust Fund known as “"Local Union 47 Pension Trust Fund”". Without limiting the terms of the said Trust Agreement to be entered into, the purpose and intent of such Agreement shall be to purchase Pension and Supplementary Benefits and such other benefits as the said Trustees shall deem advisable, provided, however, that all such ben- efits benefits shall be for the exclusive advantage and benefit of the Employees covered by this Collective Agree- mentAgreement. The Union and the Association agree to the ad- ministration administration of the Local Union 47 Pension Trust Fund by the established Trustees. The Employer agrees to abide by the terms and conditions established in the Trust Agreement between M.C.A. Ottawa and Local 47 and such amendments as made by the parties to the Trust Agreement from time to time. Payment to the said Local Union 47 Pension Trust Fund shall be made by the Employers prior to the 15th day of the month immediately following the month in which the said wages were earned and at no time shall the payments be made to any individual employee. Payments to the Local Union 47 Pension Trust Fund shall be accompanied by a completed monthly report on a form to be supplied to the Employers by the Trust- ees Trustees and/or the Administrator appointed by the said Trustees to administer the said Trust Funds. All amounts paid by the Employer to the Pension Trust Fund shall be in addition to the hourly wage rates established in this Agreement and in no case shall the Employer deduct any such amounts from the Employ- ee’s Employee's wage. In the event that this Pension Plan is discontinued for any reason whatsoever, the hourly contributions herein agreed will become part of the hourly wages of the employee on whose behalf they have been for- xxxxx formerly contributed.

Pension Trust Fund. In addition to the wages, vacation pay and other benefits set out in this Collective Agreement, each Em- ployer will contribute the sum of pension contribution as stipulated in the wage schedule for all regular and overtime hours worked by each Employee covered by the Collective Agreement to the Trust Fund known as “Local Union 47 Pension Trust Fund”. Without limiting the terms of the said Trust Agreement to be entered into, the purpose and intent of such Agreement shall be to purchase Pension and Supplementary Benefits and such other benefits as the said Trustees shall deem advisable, provided, however, that all such ben- efits shall be for the exclusive advantage and benefit of the Employees covered by this Collective Agree- mentAgreement. The Union and the Association agree to the ad- ministration of the Local Union 47 Pension Trust Fund by the established Trustees. The Employer agrees to abide by the terms and conditions established in the Trust Agreement between M.C.A. Ottawa and Local 47 and such amendments as made by the parties to the Trust Agreement from time to time. Payment to the said Local Union 47 Pension Trust Fund shall be made by the Employers prior to the 15th day of the month immediately following the month in which the said wages were earned and at no time shall the payments be made to any individual employee. Payments to the Local Union 47 Pension Trust Fund shall be accompanied by a completed monthly report on a form to be supplied to the Employers by the Trust- ees and/or the Administrator appointed by the said Trustees to administer the said Trust Funds. All amounts paid by the Employer to the Pension Trust Fund shall be in addition to the hourly wage rates established in this Agreement and in no case shall the Employer deduct any such amounts from the Employ- ee’s wage. In the event that this Pension Plan is discontinued for any reason whatsoever, the hourly contributions herein agreed will become part of the hourly wages of the employee on whose behalf they have been for- xxxxx contributed.