Common use of Additional Voluntary Contributions Clause in Contracts

Additional Voluntary Contributions. Effective January 1, 2022, all members in the DB provisions of the Harmonized Pension Plan can participate in the Additional Voluntary Contributions (AVC) feature of the Harmonized Plan and have the option to contribute up to 3% of their base pay as AVCs into the Harmonized DB Pension Plan.

Appears in 4 contracts

Sources: Collective Agreement, Collective Agreement, Collective Agreement