Union and Industry Pension Fund. Effective May 1, 2017 (April hours) for employees hired January 1, 2010 and after, the Employer shall pay ninety-two dollars and ten cents ($92.10) per month, for employees who have completed twelve (12) full months of employment, and worked an average of twenty-eight (28) hours or more per week for the four (4) consecutive weeks immediately preceding the first of the month into the United Food and Commercial Workers Union and Industry Pension Fund. Effective May 1, 2017 (April hours) the Employer shall pay forty-three dollars and seventy-five cents ($43.75) per month, for part-time employees who have completed twelve (12) full months of employment, and who have worked at least eight hundred and seventy (870) hours or more in a plan year. Upon qualification, a monthly contribution will be made if the employee averages seventy-two and one-half (72.5) hours per month. Each plan year, (July 1st through June 30th), the employee’s hours will be reviewed to determine if eight hundred and seventy (870) hours were worked during this time frame. If eight hundred and seventy (870) hours or more were worked, a retroactive contribution will be made for any months in which the employee did not initially receive a contribution in that plan year. The designated Supplemental Pension Contributions (SPC) will be credited to the Kroger/Local 1996 Bargaining Unit reserve. Supplemental Pension Contributions will not be used in the determination of the Unit Benefit Value (UBV). The SPC reserves will be used in the calculation of the future Appropriate Unit Contribution Rate (AUCR) for the Kroger/Local 1996 Bargaining Unit. It is agreed that any current supplemental contributions that have been collected and allocated to the Local 1996 Bargaining Unit reserve fund will be credited against future contributions beginning the month following ratification (July 2017) of the agreement until such reserves are depleted. If during the term of this agreement, the National Pension Fund Trustees make the decision to reset the AUCR, and such reset requires a contribution increase to maintain the benefit level that was in effect on March 18, 2017 and the trustees further determine that such contribution increase must be made prior to the expiration of this agreement in order to avoid a decrease in benefits, then the employer agrees that the contribution rates shall be increased in an amount needed to maintain the benefit level in effect March 18, 2017 for the remaining term of the contract w...
Union and Industry Pension Fund. (CANADA)
Union and Industry Pension Fund. (Canada)
Union and Industry Pension Fund. The only agreement between the employer(s) and the Union parties to this Agreement regarding pensions or retirement for employees covered by this Agreement is as follows:
Union and Industry Pension Fund. H. Effective May 1, 2016, for employees at the 2007 contractual rate of seventy-nine dollars and fifty cents ($79.50) and for employees hired after June 13, 2004, or hired on or after October 1, 2010, the Employer shall pay ninety-three dollars and sixty-four cents ($93.64) per month, for employees who have completed twelve (12) full months of employment, and worked an average of twenty-four (24) hours or more per week for the four (4) consecutive weeks immediately preceding the first of the month into the United Food and Commercial Workers Union and Industry Pension Fund.
Union and Industry Pension Fund. A. (1) For the duration of this Agreement, and any renewals or extension thereof, the Employer agrees to make payments to the IUPAT Union and Industry Pension Fund for each employee covered by this Agreement, as follows:
