Becoming a Member
Tober Enterprises makes a contribution for each employee covered by a collective agreement between the company and either UFCW Local 1518 or UFCW Local 2000. Your Plan membership begins as soon as your employer makes a contribution to the pension fund on your behalf.
Contributions
Contributions are payable in accordance
with the collective agreement. Tober Enterprises makes contributions
for all eligible employees. If you are age 30 or older, you
also make contributions to the Plan.
Employer Contributions
Each month, Tober Enterprises makes contributions to the pension
fund on your behalf as follows:
| Date |
Amount of Employer Contributions
|
| January 1, 1999 | 5% of your earnings |
| January 1, 2001 | 6% of your earnings |
| January 1, 2002 | 7% of your earnings |
| January 1, 2003 | 7.75% of your earnings |
| January 1, 2004 | 8% of your earnings |
Employee Contributions
The amount of your employee contributions to the Plan is based
on your age and calculated as follows:
| Age |
Amount of Employee Contributions
Deducted Per Paycheque |
| 30 - 39 | 1% of your earnings |
| 40 - 49 | 2% of your earnings |
| 50 and older | 4% of your earnings |
|