PENSION INDEX Sample Clauses

PENSION INDEX. The Pension Index for a given year is calculated as the average for the twelve (12) month period ending October 31 in the preceding year of the CPI for each month in that twelve (12) month period.
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PENSION INDEX. Effective May all monthly pensions of retirees shall be increased in accordance with the following: March, Consumer Price Index Canada will be compared with the March, and where the difference is determined to be in excess of such monthly pensions shall be increased by of the difference between and the actual percentage increase. Effective May such pensions shall be increased as above except the March will be compared to the March, Effective May I, such pensions will be increased as above except that the March will be compared to the March It is agreed that no pension increases will be paid for increases in the in excess of in any one year, March to March. Under no circumstances will such calculations he less than of current Pension Benefit. United Steelworkers of America Drive Ontario Attention: May Dear Sirs: This will confirm the understanding of the parties with respect to the duration of the Collective Agreement dated the 6th day of May, that in the event the Company should relocate part of its existing operations carried on at its plant in Ontario to any production facility elsewhere in the Province, the Company will offer job opportunities and training where appropriate to the bargaining unit employees who are laid off by the Company as a result of such relocation provided they are willing to perform this work available. employees accepting a job opportunity at the production facility shall be credited with service accumulated at the plant to the date of transfer solely for the of determining what, if any, vacation and pension entitlement may be applicable IS determined by the Company at the production facility. It is also agreed that upon acceptanceof the job opportunity by Company such employees shall lose their recall entitlementswith the Company at its plant in Ontario and shall not be covered by the of the Collective Agreement. DATED AT this day of ▇▇▇▇▇▇, SON The foregoing is hereby and agreed to on of The United Steelworkersof America. United Steelworkersof America Drive Ontario Attention: May Dear Sirs: This will confirm the understanding of the parties with respect to the duration of the Collective Agreement dated the 6th day of May, that the following procedure will be followed,where possible to schedulepersonnel to work overtime: TWO SHIFT OPERATION:
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PENSION INDEX. The Pension Index as of January 1 of a given year is calculated as the average for the twelve (12) month period ending October 31st in the preceding year of the CPI for each month in that twelve (12) month period.
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Related to PENSION INDEX

  • Pension Plan Employers and/or individuals who manage, operate, assist or own, either partially or wholly, a company or companies working non-union in the construction industry on Mainland Nova Scotia within the craft jurisdiction of ▇▇▇ ▇▇▇▇▇▇▇▇▇▇ Local 83 shall not be eligible to be appointed to serve, or to continue to serve, as trustees on any trust fund referred to within this Collective Agreement. This provision shall apply to management trustees and union trustees alike. 29.01 It is agreed that the employer shall pay into the established Pension Fund an amount per hour for each hour paid as per the wage tables in Craft Schedule “A”, “B”, “S” and Appendix “MIP”. Pension contributions shall be calculated based on the base hourly rate and vacation pay, and no premium shall affect this. For the purposes of this Article, overtime rates payable in accordance with Article 16 are not premiums. Such contributions shall be paid to the Trustees of the Pension Fund on or before the fifteenth (15th) day of the month following the month such hours were worked and shall be accompanied by a remittance report form for each employee on a form prescribed by the Trustees of the Fund. Each monthly report and contributions shall include all obligations arising from hours worked up to the preceding calendar month. 29.02 It is agreed that provisions for an increase in the Pension Plan (other than those increases listed above) will be implemented if so desired by the Local, with the employer contribution to be deducted from the wages rates contained herein, provided the employer receives sixty (60) days notice of such change. 29.03 The Pension Plan shall be professionally administered. 29.04 Neither the United Brotherhood of Carpenters and Joiners of America, Local 83, nor the Nova Scotia Construction Labour Relations Association shall incur any legal liability with regard to claims arising from the Pension Plan. 29.05 Employers bound by, or subject to the Agreement, shall be required to maintain for a two (2) year period, a complete set of employment records including: • employee’s name, address, and S.I.N. • number of hours worked by the employee in each week • employee’s wage rate and gross earnings, amount(s) and description of deductions from the employee’s wages • particulars of pay allowances or other payments or benefits to which the employee is entitled.

  • Determination Date The Business Day immediately preceding the related Remittance Date.

  • Welfare, Pension and Incentive Benefit Plans During the Employment Period, Executive (and his eligible spouse and dependents) shall be entitled to participate in all the welfare benefit plans and programs maintained by the Company from time-to-time for the benefit of its senior executives including, without limitation, all medical, hospitalization, dental, disability, accidental death and dismemberment and travel accident insurance plans and programs. In addition, during the Employment Period, Executive shall be eligible to participate in all pension, retirement, savings and other employee benefit plans and programs maintained from time-to-time by the Company for the benefit of its senior executives, other than any annual cash incentive plan.

  • Average Annual Compensation The Executive's "Average Annual Compensation" for purposes of this Agreement shall be deemed to mean the average level of compensation paid to the Executive by the Employers or any subsidiary thereof during the most recent five taxable years preceding the Date of Termination, including Base Salary and benefits and bonuses under any employee benefit plans of the Employers.

  • Measurement Period In this Agreement, unless the contrary intention appears, a reference to: