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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 May 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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