Prairie Emergency Medical Services Inc. Collective Agreement 2020-2025

Article 34 - Group RRSP Plan

1. Prairie Emergency Medical Systems Inc. believes in investing in its employees not only in the present but also into the future.  With this principle in mind, the Employer has chosen to implement a Group Registered Retirement Savings Plan for its employees. This program will be administered with the following criteria:
   1. Effective April 1, 2018, matching contributions by Employee and Employer up to three hundred and fifty dollars ($350) a month. A minimum Employee contribution of fifty dollars ($50) is required.
2. 1. The Employee contribution to the RRSP Plan may exceed the Employer contribution.
   2. Should the Employee at any time during their employment choose to withdraw any portion of the contributions from the program, the following stipulations will apply:
      1. The Employee may apply to withdraw RRSP contributions without penalty for the following purposes and as per Canada Revenue Agency regulations:
         
         home purchase
         
         financial hardship due to illness or injury of immediate family
         
         marriage breakdown
         
         death in family
         
         other reasons as approved by the Employer and in accordance to Canada Revenue Agency.
      2. The application for withdrawal must be made in writing to the Employer.
      3. Withdrawal for any other reasons shall constitute suspension of Employer contributions.
      4. Employees shall participate in the RRSP program after the probationary period has been served.