Common use of Retirement Fund Clause in Contracts

Retirement Fund. 19.5 Each Employee (including persons engaged through Loan-Out Companies) shall receive retirement contributions in a sum equal to six percent (6%) of Gross Wages, payable each pay period. The DGC shall operate and administer the DGC Group Retirement Savings Plan (hereinafter the “Retirement Fund”) for the purpose of providing retirement benefits to eligible members of the DGC. Each eligible Member of the DGC may elect in writing to have his or her compensation reduced by means of a payroll deduction and to have the deducted amounts paid on his or her behalf to the Retirement Fund. Payment shall be made by cheque payable to “Directors Guild of Canada - Group Retirement Savings Plan” on or before the fourth (4th) day of the succeeding work week and shall be remitted for purposes of collection and transmittal through the Union office.

Retirement Fund. 19.5 Each Employee (including persons engaged through Loan-Out Companies) shall receive retirement contributions in a sum equal to six eight and one-half percent (68.5%) of Gross Wages, payable each pay period. The DGC shall operate and administer the DGC Group Retirement Savings Plan (hereinafter the “Retirement Fund”) for the purpose of providing retirement benefits to eligible members of the DGC. Each eligible Member of the DGC may elect in writing to have his or her compensation reduced by means of a payroll deduction and to have the deducted amounts paid on his or her behalf to the Retirement Fund. Payment shall be made by cheque payable to “Directors Guild of Canada - Group Retirement Savings Plan” on or before the fourth (4th) day of the succeeding work week and shall be remitted for purposes of collection and transmittal through the Union office.

Retirement Fund. 19.5 Each Employee (including persons engaged through Loan-Out Companies) shall receive retirement contributions in a sum equal to six eight percent (68%) of Gross Wages, payable each pay period. The DGC shall operate and administer the DGC Group Retirement Savings Plan (hereinafter the “Retirement Fund”) for the purpose of providing retirement benefits to eligible members of the DGC. Each eligible Member of the DGC may elect in writing to have his or her compensation reduced by means of a payroll deduction and to have the deducted amounts paid on his or her behalf to the Retirement Fund. Payment shall be made by cheque payable to “Directors Guild of Canada - Group Retirement Savings Plan” on or before the fourth (4th) day of the succeeding work week and shall be remitted for purposes of collection and transmittal through the Union office.