JOINT BOARD FUNDING INCLUDING HEALTH AND WELFARE

There shall be established a Joint Board of the Utility and Line Construction Industries consisting of six (6) members; three (3) appointed by the CLRA and three (3) appointed by the Local 1620 IBEW.

Within ten (10) days after the execution of this Agreement, the parties shall notify each other, in writing, of the names of their representatives to this Joint Board.

The Joint Board shall establish rules and regulations under which it will operate and shall have the power to modify or amend such rules and regulations and will be seeking to promote harmony between the employers and employees in the industries, and will study and institute a program which will make it possible for the Industry to be of greater assistance to those purchasing services, the potential purchaser and the general public. All rules and regulations, modifications or amendments thereto, shall be sent, in printed form, to all parties of this Agreement and all individual employers employing employees represented by Local 1620 of the IBEW under the terms of this Agreement.

- Health and Welfare Fund The Joint Board shall supervise the allotment of funds to the Joint Plan of Locals 2330 and 1620 Electrical Workers’ Health and Welfare Plan. The sum to be paid by all employers for each payroll hour worked by each employee covered under this Collective Agreement shall be two dollars and twenty-five cents ($2.25) per hour over and above wages for each hour worked. Said funds shall be made payable to the Board of Trustees of the Joint Plan of Locals 2330 and 1620 Electrical Workers' Health and Welfare Plan through their administrator, Benefit Plan Administrators Ltd., and any other administrator who may be instituted from time to time by the Trustees of the Health and Welfare Plan.

- Training Fund The Joint Board shall supervise and make rules and regulations pertinent to the Training and Scholarship Fund which is established at the rate of twenty five cents ($0.25) per worker per payroll hour worked. Contributions to the Training and Scholarship Fund shall be primarily used to provide monetary incentive to Apprentices who attend trade schools per their regular course of eee CLRA and IBEW Local 1620 Collective Agreement 2023-2027 Page 8 EP apprenticeship training. The Trustees shall also be empowered to investigate and institute other training and/or safety courses as they see fit and as can be afforded from the Fund. Said funds shall be made payable to Local 1620.

- Construction Industry Fund The Employer shall remit thirty ($0.30) cents per hour worked each to the CLRA and the Trades NL for a total of sixty ($0.60) cents hourly contribution to the Newfoundland Construction Industry Fund. Such money shall be remitted no later than the 15th day of the month following the month in which the hours are worked. The industry funds shall be remitted to Benefit Plan Administrators Ltd., 38 Solutions Drive, Suite 100, Ravine Centre Two, Halifax, Nova Scotia, B3S OH1. HST of 15% is applicable on the $0.30 remitted to the CLRA only, and only the HST portion shall be mailed separately to the CLRA at 69 Mews Place, St. John’s, NL A1B 4N2 with supporting documentation. The CLRA industry funds will continue to be sent to the administrator.

- Pension Fund The parties hereto agree on a Pension Plan Trust Fund as follows: (a) The Trust Document under which the Fund is controlled shall provide for equal Trustees in number and power, appointed by each of the parties hereto. It is further agreed that the existing Trustee, responsible for the operations of the Health and Welfare Plan will also be responsible for the Pension Plan Trust Fund unless otherwise specified in future collective bargaining agreements. (b) The employer shall make contributions by cheque on a monthly basis prior to the 15" day of the month following that month in which the said hours were worked and to be accompanied by a list of the employees for whom the contributions were made. These contributions shall be in the amount of $7.05. (c) The Pension Plan shall be professionally administered.

All employers shall contribute to the above-mentioned funds in one payment each month which shall be the total hours worked that month at the total rate per hour as indicated in Schedule “B”. Any contribution increase shall be included in the total hourly wage package increase.

Payments to the said Joint Board of the Utility and Line Construction Industries shall be based on payroll hours worked and shall be made by cheque at par at the City of St. John's, Province of Newfoundland & Labrador to the IBEW Local 1620.

Payments shall be due and payable no later than fifteen (15) days after the termination of the calendar month in which the hours were worked. The delinquent employer concerned will not only remain liable to the said fund for the amount of money not contributed, but shall be responsible for any claim or benefits lost to the employers or employees by reason of the failure to make payment in the amount and at the time provided herein. Each employer shall also forward a statement setting out the names of the employees in respect of whom such payment was made, and the amount in respect of each employee, and the hours worked by each employee during such calendar month. CLRA and IBEW Local 1620 Collective Agreement 2023-2027 Page 9 fe %

The Trust Document under which the fund is controlled shall provide for equal Trusteeship as appointed by the CLRA and IBEW Local 1620 of the International Brotherhood of Electrical Workers.

Stabilization Fund: The parties hereto agree on a Stabilization Fund as follows: (a) The Fund shall be jointly administered undera Terms of Reference as mutually agreed in the Market Recovery Stabilization Agreement and Declaration of Trust. (b) The Board of Trustees for the Fund shall be the Trustees appointed in accordance with the Rate Stabilization Agreement and Declaration of Trust. (c) All employers bound by this Agreement shall contribute to the Fund, one dollar ($1.00) per hour worked by each employee covered by this Agreement. Market Recovery Strategy: In accordance with the Terms of Reference mutually agreed between the parties with respect to the application and administration of the Market Recovery Program the parties agree: (d) That on all jobs where contractors who are members of the CLRA (Construction Labour Relations Association) who are bidding against non-union contractors, shall be permitted to target jobs in accordance with the terms of reference of the Job Targeting Program as per Appendix B and/or subsidize wages of union personnel from the Market Recovery Stabilization Fund when the monies of the fund permit. (e) That the subsidy will apply to all construction work in Newfoundland and Labrador bid under this collective agreement and will remain in effect until the terms of a new Agreement is signed. Market Recovery Stabilization Fund: The employer shall remit one dollar ($1.00) per person hour worked for each employee covered under this agreement for the Union Market Recovery Stabilization Fund. Payment will be made no later than fifteen (15) days after the termination of the calendar month to IBEW Local 1620 accompanied by a statement of names for whom payments are made, the amounts for each employee, and hours worked by each employee during such calendar month. Employers who are delinquent for forty-five (45) days or more will be assessed a penalty payment of fifteen (15%) percent for all hours owing. This penalty payment will be payable to the fund. This fund will be jointly administered under a Terms of Reference as mutually agreed, in the Market Recovery Stabilization Agreement and Declaration of Trust. (f) The purpose of the Stabilization Fund is to assist the signatory contractor with a subsidy paid from this fund for hours worked on cost sensitive jobs agreed to by IBEW Local 1620 and CLRA. FE EE___________________________________} CLRA and IBEW Local 1620 Collective Agreement 2023-2027 Page 10 If (g) In the event that this fund is discontinued for any reason the hourly contributions agreed will become part of the hourly wages of the employee on whose behalf they have been formerly contributed. (h) This fund will be discontinued by thirty (30) days notice of either IBEW Local 1620 or the CLRA but only after all subsidies granted are satisfied.

- Procedure — Stabilization Fund The fund will be administered by four members of the Joint Board. Two of the members: one from the union and one from the Construction Labour Relations Association who is signatory to the Line Construction Agreement between the CLRA and IBEW Local 1620 will be designated with authority by mutual agreement to grant a subsidy on any work they deem necessary. The other two members will act as alternates with the same authority as the designated members in case of absence. When a subsidy is given it shall be put in written form and signed by the designated members outlining all the particulars of that subsidy. The contractors seeking subsidy will inquire through one of the designated representatives and if granted, the designated representatives will notify the successful bidder. The subsidy whatever amount granted will be for hours worked in the shop or on the job for all classifications covered by this Agreement. The subsidy will be paid to the contractor on receipt of invoice outlining the particulars required with copies of all time slips as completed by the employees for hours worked for which invoice is submitted.

Changes to benefit contributions may be made at the request of the Union, in writing, subject to the gross hourly package remaining unchanged. Such request to change the benefit contributions may be made annually between April 1st and April 15th and shall be implemented no later than May 1st.