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Article 17 - Pension Plan |
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17.01 The Union will establish a pension plan
for the benefit of the employees. If the Union fails to
establish such a plan by March 1, 2006, it shall create a trust
account with a Canadian Corporate Trustee in order to provide
savings or retirement benefits for the employees.
17.02 The Employer will make contributions to the
pension plan or trust account for the benefit of each employee
in the amounts set out in Schedule A for all hours worked by
the employee.
17.03 At the time the contributions are made, the
Employer will provide a list of employees for whom the amounts
are being remitted, the amounts remitted for each employee,
and such other information as the administrator or trustee of
the pension plan or trust account may reasonably require. The
total amount will be remitted to the Union 15 days following
every 2nd pay cycle together with an itemized list of the
employees for whom the remittances are made and the amount
remitted for each.
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