Article 16 · p.35

OLDER WORKERS

The Parties agree that, in the event a scheme is set up with the participation of the Federal Government, the Provincial Government and the Construction Industry to assist the retirement of older workers from the industry then, as and when such a scheme is established, the employer shall contribute five cents ($0.05) per hour for each hour paid in Commercial, and fifteen cents ($0.15) per hour for each hour paid in Industrial. It is agreed that this contribution shall, minimally, be matched by an equal hourly contribution from the Unions. This contribution shall become effective only upon thirty (30) days written notice to the Parties of the establishment of the scheme and shall apply on all jobs tendered after the establishment of the scheme. All monies contributed under this Article will be used exclusively for the purposes of the above noted scheme. CARPENTER LOCAL 1588 – INDUSTRIAL AUGUST 13, 2020 – JUNE 30, 2025