Good Samaritan Society Collective Agreement 2020-2024

LETTER OF UNDERSTANDING #7

BETWEEN

THE GOOD SAMARITAN SOCIETY
(A Lutheran Social Service Organization)
(hereinafter referred to as the Employer)
- and -

HEALTH SCIENCES ASSOCIATION OF ALBERTA
(hereinafter referred to as the Union)

RE: RRSP CONTRIBUTION IN-LIEU OF PENSION PLAN PARTICIPATION
 

1. This Letter of Understanding (LOU) shall apply to the following employees:

   1. Tony Maheswaran, and
   2. any Employee who becomes eligible based on the criteria noted below,

   hereinafter referred to individually as the “eligible Employee”.

2. Eligible Employee
   An eligible Employee shall mean an Employee who holds and continues to hold a permanent position of 0.40 Full-Time Equivalent (FTE) or greater at the Dr. Gerald Zetter Care Centre (“Zetter”) and holds and continues to hold a permanent position of 0.40 FTE or greater at another non-Zetter Employer care home.
   
   In the event the eligible Employee ceases to meet these criteria, they shall cease to be an eligible Employee on the date they no longer meet the criteria, this LOU shall no longer apply to them, and contributions to the Group RRSP shall cease that same date.
3. Group RRSP Contributions 
   The eligible Employee may, on a one-time basis if they choose to and they bring their request in writing to the attention of the Employer, contribute four percent (4%) to the GSS Group Registered Retirement Savings Plan (the “Group RRSP”) based on their hours worked in their position at the non-Zetter care home. The Employer will match the eligible Employee’s contribution to the Group RRSP.
4. An eligible Employee specifically named at point #1 and who chooses to contribute to the Group RRSP pursuant to point #3 shall complete the required GSS Group RRSP forms in full and submit the forms to the Manager, Pension Services at GSS Head Office (via interdepartmental mail) within ten (10) days of the date of exchange of written notice of ratification of the memorandum of settlement (MOS). In that event, Group RRSP contributions by the eligible Employee and the Employer will commence within two (2) full pay periods of the date of ratification of the MOS.
   
   In the case of an Employee who becomes eligible following the date of ratification of the MOS, the contributions will commence within two (2) full pay periods of the completed Group RRSP forms received by the Manager, Scheduling and Payroll.
5. Canada Revenue Agency (CRA) penalties on RRSP contributions that exceed the eligible Employee’s annual contribution limit shall be the sole responsibility of the eligible Employee.

This Letter of Understanding shall expire on March 31, 2024, or upon the date of ratification of the next Collective Agreement, whichever is later.