House Next Door Society Collective Agreement 2012-2026

Article 29: Retirement Plan

1. The Employer will provide a Group Registered Retirement Savings Plan for Employees to encourage Employees to save for retirement.   All regular full-time and regular part-time Employees working twenty (20) or more hours per week will be eligible and will be required to participate in the Retirement Savings Plan after successful completion of probation.
2. The Group Registered Retirement Savings Plan will become effective as early as the first of the month following ratification of the Collective Agreement, providing this can be reasonably accommodated by the employer-selected provider.
3. The Employer will contribute three percent (3%) of paid hourly wages matched to an Employee contribution of three percent (3%).
4. At the written request of an Employee, the Employer will contribute an additional one point five (1.5%) of paid hourly wages matched to an Employee contribution of one point five (1.5%) to a maximum Employer contribution of four point five (4.5%).
5. The Employer will provide each participant and the Union with a copy of the Group Registered Retirement Savings handbook.
6. Changes to the Group Retirement Savings Plan will be made subject to mutual agreement between the Union and its membership and the Employer.