Effective April 21, 2007, entrance into the existing Brewer's Distributor Ltd. Pension Plan for Hourly Employees in British Columbia will cease.
Employees who are not participants in the plan on April 20, 2007, will be eligible to participate in the group RRSP outlined below based on the following eligibility criteria. Regular employees shall become eligible following the first day of the month next following one hundred and thirty two (132) days of work on a full time basis in a twelve (12) month period. Other employees will be eligible to participate on the first day of the month coincident with or next following completion of two (2) years of continuous service and annual earnings of at least thirty five (35%) percent of the YMPE in each of two (2) consecutive calendar years immediately preceding membership.
The Company will contribute a base of two (2%) percent of the employee's actual straight time earnings excluding premiums. In addition the Company will contribute fifty (50%) percent of the employee's contributions up to the limits as per the table below. The employee's contributions will be a percentage of the employee's base straight time earnings excluding premiums. The percentage of the employee's and Company's contributions will be as follows:Years Eligible Company Employee Maximum Total to Participate Base Contributions Company Contributions in Group Contributions Eligible for Match RRSP 50% Match ------------------------------------------------------------------------ 1 Year 2% 2% 1% 5% 2 Year 2% 3% 1.5% 6.5% 3+Years 2% 4% 2% 8%The Company shall assume all legal and trustee costs for setting up the Group RRSP and shall assume any administration fees charged by the trustee. It is understood and agreed that all matters of eligibility, coverage and benefits shall be as set out in the relevant plan documents as determined by the carrier.
Signed this 2nd day of May, 2007 on behalf of:Brewery, Winery and Brewers' Distributor Ltd. Distillery Workers Union, Local 300 Lance Osborne Dave Grainger Berry Brunac Beau Pyatt Ryan Weller Bowling Liu Gerry Bergunder Frank Evans Roy Graham Ross Hillman Tenille Jackson