11.08. Pension plan (1) The employer’s contribution to the employees’ pension plan, for each hour worked by the employees, except for students, is:
(a) $1.50 for Class A mechanics;
(b) $1.44, and $1.50 as of 1 January 2014, for Class B mechanics;
(c) $1.38 for Class C mechanics;
(d) $1.34 for a labourer that has accumulated 4,000 hours or more since the date of hiring;
(e) $1.32 for a labourer that has accumulated 3,999 hours or less since the date of hiring.
The employer deducts from the pay of each of his employees the amount that each employee chooses to contribute; however, that amount cannot be lower than that contributed by the employer for each of his employees.
(2) Before the 15th of each month, the employer remits to the Parity Committee his contribution and that of his employees for the preceding month.
(3) The employee’s participation in the pension plan ends where no contribution has been paid into the plan for a complete calendar year.
(4) Participation in the pension plan is voluntary for any enterprise the employer and employees of which have, on 20 December 1995, agreed on a pension plan comparable as to the benefits granted.
(5) The Parity Committee determines the supplemental pension plan for the employees governed by the Decree. That plan is subject to the Supplemental Pension Plans Act (chapter R-15.1).
(6) (paragraph replaced).
(7) (paragraph replaced).