Teachers' Superannuation Commission. Pension Adjustment Calculation Guide
|
|
- Donna Melton
- 5 years ago
- Views:
Transcription
1 January 8, 2008 From: Teachers' Superannuation Commission To: All School Divisions, STF, SSTA, Regional Colleges and S.I.A.S.T. RE: Pension Adjustment Calculation Guide Enclosed is an updated guide and PA Table for the 2007 taxation year. This information will assist you to calculate pension adjustments for teachers contributing to the Teachers Superannuation Plan. As employers you will be required to calculate the pension adjustment (PA) for teachers in your division and report the PA to Canada Revenue Agency on the employee's T4. The attached guidelines are to assist you with the calculations as they apply to the Teachers Superannuation Plan. There are different rules for teachers who are exempt from CPP. Sincerely, Yvonne Anderson, PPAC Sr. Manager, Pension Programs (306) Toll free YA/ Enclosure
2 Table of Contents Responsibilities of the Employer... 1 Responsibilities of the Plan Administrator... 1 Introductory Information... 1 Abbreviations and Definitions... 2 Calculation of PA's for Defined Benefit Plan (Teachers' Superannuation Fund)... 3 Formulas for Calculating PA's... 3 Special Situations... 3 Information required when contacting Canada Revenue Agency for assistance... 4
3 Responsibilities of the Employer The employer is responsible for the calculation of the PA and for reporting it on the Canada Revenue Agency T4 no later than the last day of February of the following year. The PA calculation is based on 2007 pensionable income and must be reported to Canada Customs and Revenue Agency by February 28, Responsibilities of the Plan Administrator The plan administrator is responsible for the calculation and reporting to Canada Revenue Agency of PA's for teachers who: Purchase service for a period of time during the current taxation year. Receive benefits under the Saskatchewan Teachers' Federation, Income Continuance Plan while disabled from teaching. As plan administrator Teachers Superannuation Commission will be responsible for calculating and reporting Past Service Pension Adjustments (PSPA's) for teachers who: Purchase post 1989 service outside the current taxation year. Certification must first be obtained from Canada Revenue Agency determining if the teacher has sufficient unused R.R.S.P. room to be allowed to participate in the purchase option. The calculation of the PSPA is the same as that for the PA and is based on the pensionable salary used in the purchase calculation. Introductory Information The Registered Pension Plans for Saskatchewan teachers have been defined as Multi-employer Plans (MEP). Multi-employer plans may have several participating employers and large memberships. Therefore, it is not reasonable to expect an employer to obtain all the information necessary to calculate pension credits, especially when an employee works for more than one employer in a given taxation year. The calculation formulas for a MEP allow for the proration of the PA calculation by each individual division based on the service rendered with that division. The rules for a MEP state that the $ offset is to be prorated for employees that are not full time, whether or not they are employed elsewhere. 1
4 Abbreviations and Definitions Pension Adjustment (PA) The PA equals the value of the benefits accruing to the teacher during a given year, and can be deducted from his/her RRSP limit. Past Service Pension Adjustment (PSPA) The PSPA equals the value of accrued benefits for post 1989 past service. It must be deducted from the participant's RRSP contribution limit. Multi-Employer Plan (MEP) A multi-employer plan is a Registered Pension Plan in which not more than 95% of the active members are employed by a single employer. Credited Service (C.S.) This is the service that a teacher is credited with for superannuation purposes during a specified taxation year. If the teacher receives full credit for a year of service, one (1) is the value used where C.S. appears in the formula. For teachers with less than a full year of service, a percentage of the service rendered is used in the calculation. Credited service is calculated by dividing the number of days worked by 197. Annualized Salary To determine the benefit entitlement portion of the PA calculation always use an annualized salary. If the teacher is not a full time employee the salary and $ offset are prorated later in the calculation. Rule of Nine (9) Rule of nine is used to translate pension benefits earned in the year in contribution terms by using a standard contribution-to-pension ratio of 9 to 1. $ Offset The $ deduction used in calculating the PA means that an employee may contribute $ more to an RRSP than would other wise be the case. 2
5 Calculation of PA's for Defined Benefit Plan (Teachers' Superannuation Fund) Under a defined benefit provision a specified level of pension is promised to members upon retirement. There are several types of defined benefit provisions: The teachers' plan is based on the five highest years or best thousand days salary. The PA calculation is based on the salary earned for superannuation purposes, not actual earnings. Formulas for Calculating PA's A B C Salaries less than the YMPE. (.013 x annualized salary) x 9 x C.S. - ($ x C.S.) Salaries in excess of YMPE [(.013 x YMPE) +.02 x (annualized salary - YMPE)] x 9 x C.S. - ($ x C.S.) Salaries exempt from CPP deductions. (.02 x annualized salary) x 9 x C.S. - ($ x C.S.) 3
6 Special Situations Sabbatical Leave For purposes of calculating and reporting PA's, the PA is based on the salary reported to Teachers Superannuation Commission for superannuation purposes. If the teacher elects not to have contributions deducted from salaries received while on sabbatical leave, there will be no PA entitlement for that year. Should the teacher purchase this service at a later date, then a PSPA calculation will be calculated by Teachers Superannuation Commission. Teachers Exempt from CPP For teachers who are exempt from contributing to Canada Pension Plan (CPP), there is no CPP integration in calculating the PA. PA's are based on two (2) percent of annualized salary, except on exempt earnings as per examples, to determine benefit entitlement. Disability Benefits paid to a teacher while receiving a disability allowance from Teachers Superannuation Commission are taken from accumulated benefits in the plan. Therefore, Teachers Superannuation Commission is not required to report PA's to Canada Revenue Agency on this income. Superannuate If a teacher is in receipt of an age and service superannuation allowance from Teachers Superannuation Commission and returns to teach, there is no PA calculation required. Death No PA reporting is required for the period of time between January 1, in the year of death, and the date of death. Special settlements (Redundancy pay, etc.) When a teacher terminates employment with a school division there is often a special salary settlement. These settlements are not subject to superannuation deductions and no PA calculation is required. 4
7 Information required when contacting Revenue Canada for assistance. Toll free number Registered Plan Number Remember you are MEP employer (Multi-employer Plan employer).
Teachers Superannuation Commission Room Albert Street Regina, Saskatchewan S4S 0B1 Phone: Fax: Information Manual
Teachers Superannuation Commission Room 129 3085 Albert Street Regina, Saskatchewan S4S 0B1 Phone: 787-6440 Fax: 787-1939 Information Manual Pension Contributions Teachers Group Life Insurance Plan Teachers
More information9. Pension Adjustments
9. Pension Adjustments Page Table of Contents.................................................1 New for 2015 What s New....................................................4 Reminders.....................................................4
More informationPension Adjustment Guide
Pension Adjustment Guide T4084(E) Rev. 08 Before You Start Is this guide for you? This guide is for you if you want information about how to calculate a pension adjustment (PA). All employers who sponsor
More informationUniversity of Toronto Pension Plan. This booklet provides details of the Pension Plan provisions for the following employee group; OPSEU 519
University of Toronto Pension Plan This booklet provides details of the Pension Plan provisions for the following employee group; OPSEU 519 BACKGROUND TO THE PLAN The current Pension Plan for the staff
More information2000 Academic Money Purchase Pension Plan
2000 Academic Money Purchase Pension Plan TABLE OF CONTENTS Introduction... 2 Eligibility... 2 Enrolling in the Plan... 2 Contributions... 2 Other Contributions... 3 Retirement Benefits... 4 Retirement
More informationUniversity of Toronto Pension Plan. This booklet provides details of the Pension Plan provisions for Professionals/Managers 6-9.
University of Toronto Pension Plan This booklet provides details of the Pension Plan provisions for Professionals/Managers 6-9. BACKGROUND TO THE PLAN The current Pension Plan for the staff of the University
More informationPENSION PROGRAM GUIDE
PENSION PROGRAM GUIDE October 2012 Pension Program Guide for Members of the Saskatchewan Retail, Wholesale and Department Store Union Pension Plan (SRWDSU) October 2012 This Guide contains an overview
More informationPension Adjustments (PAs) 2016
Pension Adjustments (PAs) 2016 Table of Contents 2016 Pension Adjustments (PAs) 1 Notes and changes for 2016 2016 Figures Maximum pension School boards Additional Voluntary Contributions 1 1 1 1 1 Calculating
More informationUniversity of Toronto Pension Plan. This booklet provides details of the Pension Plan provisions for Faculty/Librarians.
University of Toronto Pension Plan This booklet provides details of the Pension Plan provisions for Faculty/Librarians. BACKGROUND TO THE PLAN The current Pension Plan for the staff of the University of
More informationRRSP Contribution Limits Pension Adjustment (PA)... 9 RRSP Contribution Room... 9
Pension Plan for the Eligible Employees at the University of Saskatchewan (Research Pension Plan) Contents Introduction... 2 Eligibility... 2 Enrolling in the Plan... 2 Contributions... 2 Other Contributions...
More informationPast Service Pension Adjustment Guide
Past Service Pension Adjustment Guide T4104(E) Rev.08 If you have a visual impairment, you can get our publications in braille, large print, or etext (CD or diskette), or MP3. For visit our Web site at
More informationRetirement Plan of the University of St. Michael s College
Retirement Plan of the University of St. Michael s College September 2013 Table of Contents INTRODUCTION.......................................... 4 BACKGROUND TO THE PLAN...................................
More informationNova Scotia Teachers Pension Plan Guide Booklet. Nova Scotia Teachers Pension Plan Guide Booklet
Nova Scotia Teachers Pension Plan Guide Booklet The information presented in this publication is premised on the rules and criteria which currently exist under the Teachers Pension Plan and which are subject
More informationSection 9 PAs, E-PAs, PSPAs, APAs and PARs
Section Contents 9 PAs, E-PAs, PSPAs, APAs and PARs 9.1 Pension Adjustment (PA) 3 9.2 Amended Pension Adjustment (APA) 11 9.3 Past Service Pension Adjustment (PSPA) 12 9.4 Tax implications of purchasing
More informationWELCOME TO PENSION SERVICES GLOSSARY OF TERMS
WELCOME TO PENSION SERVICES GLOSSARY OF TERMS Please follow the appropriate links below to find relevant definitions of regularly used pension terms. A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
More informationRes HD C2C A Better Pension System. Saving for Retirement: A Guide to the Tax Legislation. March Lud. CanadU
Res HD7105.45 C2C38 1988 A Better Pension System Saving for Retirement: A Guide to the Tax Legislation March 1988 Lud CanadU A Better Pension System 11 #1[1:14b5r111111 FOR Saving for Retirement: A Guide
More informationUniversities Academic Pension Plan
Universities Academic Pension Plan 2016 Member Handbook Table of Contents INTRODUCTION... 1 Overview... 1 UAPP Website... 2 Information Sheets... 2 Retirement Planner... 2 Contacts for More Information...
More informationSection 9 PAs, E-PAs, PSPAs, APAs and PARs
Section Contents 9 PAs, E-PAs, PSPAs, APAs and PARs 9.1 Pension Adjustment (PA) 3 9.1.1 Distribution of PA statements (T4A slips paper PA statements) 5 9.2 Amended Pension Adjustment (APA) 9 9.3 Past Service
More informationSection 9 PAs, E-PAs, PSPAs, APAs and PARs
Section Contents 9 PAs, E-PAs, PSPAs, APAs and PARs 9.1 Pension Adjustment (PA) 3 9.1.1 Distribution of PA statements (T4A slips paper PA statements) 6 9.2 Amended Pension Adjustment (APA) 11 9.3 Past
More informationEXPLANATORY NOTES RELATING TO THE INCOME TAX ACT AND RELATED REGULATIONS
http://www.fin.gc.ca/drleg-apl/bia-leb-0911n-eng.asp EXPLANATORY NOTES RELATING TO THE INCOME TAX ACT AND RELATED REGULATIONS Clause 90 Definitions ITA Part LXXXIII Part LXXXIII of the Regulations, which
More informationHow can I obtain information relating to my pension investment?
Under what authority does the Memorial University Pension Plan operate? The Memorial University Pension Plan is a legislated public sector pension plan that operates under the authority of the Memorial
More informationNew Brunswick Teachers Pension Plan
A guide for plan members Vestcor Pension Services Corporation www.vestcor.org/pensions Revised May 2017 Disclaimer: This booklet is for information purposes only. No rights are conferred by this booklet.
More informationa CANADIAN UNION OF PUBLIC EMPLOYEES EMPLOYEES PENSION PLAN (CEPP) MEMBER BOOKLET
Canadian Union of Public Employees Employees Pension Plan (CEPP) MEMBER BOOKLET a Also available on the CUPE Employees Pension Plan website www.cepp.ca Last update September 2013 This member booklet provides
More informationActuarial Valuation Report for Accounting Purposes on the Saskatchewan Teachers Superannuation Plan as at June 30, 2001
Actuarial Valuation Report for Accounting Purposes on the as at June 30, 2001 Aon Consulting 8 th Floor, Canada Building 105 21 st Street East Saskatoon, Saskatchewan S7K 0B3 Phone: (306) 934-8680 Fax:
More informationPension Adjustment Reversal Guide
Pension Adjustment Reversal Guide RC4137(E) Rev. 00 Before You Start T his guide includes recent income tax changes and proposed changes that have been announced but were not law at the time of printing.
More informationTWPP TELECOMMUNICATION WORKERS PENSION PLAN
TWPP TELECOMMUNICATION WORKERS PENSION PLAN Effective January 1, 2013 TABLE OF CONTENTS 1 Section Page INTRODUCTION 3 1 ELIGIBILITY AND PLAN PARTICIPATION 4 2 CONTRIBUTIONS 6 3 TERMINATION OF EMPLOYMENT/PARTICIPATION
More informationPension Adjustment Reversal Guide
Pension Adjustment Reversal Guide RC4137(E) Rev. 10 Before You Start Is this guide for you? Use this guide if you want information about how to calculate a pension adjustment reversal (PAR) amount. If
More informationPension Plans. University of Guelph. Pension. University of Guelph. Total Compensation. Base Pay. Group. Benefits. Post Retirement.
University of Guelph Pension Plans Pension Recognition Programs Group Benefits Base Pay University of Guelph Total Compensation Post Retirement Benefits Employee Assistance Program Vacation and Leaves
More informationPension Plan for the Non-Teaching Employees of the School Boards of Nova Scotia. Employee Handbook
Pension Plan for the Non-Teaching Employees of the School Boards of Nova Scotia Employee Handbook Updated March 16, 2017 W E L C O M E T O T H E P L A N The Pension Plan for the Non-Teaching Employees
More informationSASKATCHEWAN BLUE CROSS EMPLOYEE PENSION PLAN
SASKATCHEWAN BLUE CROSS EMPLOYEE PENSION PLAN Your group number: G004481 Your plan, your way Your Saskatchewan Blue Cross Employee Pension Plan is a Defined Contribution Pension Plan (DCPP). Your Plan
More informationTWPP TELECOMMUNICATION WORKERS PENSION PLAN
TWPP TELECOMMUNICATION WORKERS PENSION PLAN Effective January 1, 2002 TABLE OF CONTENTS 1 Section Page INTRODUCTION 3 1 ELIGIBILITY AND PLAN PARTICIPATION 4 2 CONTRIBUTIONS 6 3 TERMINATION OF EMPLOYMENT/PARTICIPATION
More informationTWPP TELECOMMUNICATION WORKERS PENSION PLAN
TWPP TELECOMMUNICATION WORKERS PENSION PLAN Effective January 1, 2008 TABLE OF CONTENTS 1 Section Page INTRODUCTION 3 1 ELIGIBILITY AND PLAN PARTICIPATION 4 2 CONTRIBUTIONS 6 3 TERMINATION OF EMPLOYMENT/PARTICIPATION
More informationTHE RETIREMENT PLAN FOR NON-TEACHING EMPLOYEES OF SCHOOL DISTRICT NO. 43 (COQUITLAM) CONTRIBUTIONS
CONTRIBUTIONS INDIVIDUAL MEMBERS: Required contributions are 4.9% of annual earnings up to the YMPE and 6.6% of annual earnings over the YMPE. In 2014 the YMPE is $52,500. Examples of contributions in
More informationPension Plan for Faculty, Librarians and Senior Administrative Officers of Mount Allison University
Pension Plan for Faculty, Librarians and Senior Administrative Officers of Mount Allison University DEC, 2014 CONTENTS INTRODUCTION... i YOUR RESPONSIBILITIES... ii 1. Am I eligible to join the Pension
More informationThe Teachers Superannuation and Disability Benefits Regulations
1 AND DISABILITY BENEFITS T-9.1 REG 1 The Teachers Superannuation and Disability Benefits Regulations being Chapter T-9.1 Reg 1 (effective October 11, 2006). NOTE: This consolidation is not official. Amendments
More informationUniversity of New Brunswick
Pension Plan for Academic Employees T he UNB pension plan is designed to pay you a monthly income for life after you retire. The cost of providing this pension is shared equally by you and the University.
More informationThe Teachers Superannuation and Disability Benefits Act
TEACHERS SUPERANNUATION 1 The Teachers Superannuation and Disability Benefits Act being Chapter T-9.1 of the Statutes of Saskatchewan, 1994 (effective June 2, 1994) as amended by the Statutes of Saskatchewan,
More informationManitoba Multiple Trades
Manitoba Multiple Trades pension trust fund JUNE 2012 Important note The purpose of this outline is to explain briefly the main features of this pension plan. This outline does not create or confer any
More informationADDENDUM TO THE RETIREMENT SAVINGS PLAN DECLARATION OF TRUST ESTABLISHING A RESTRICTED LOCKED-IN SAVINGS PLAN. Federal (RLSP)
ADDENDUM TO THE RETIREMENT SAVINGS PLAN DECLARATION OF TRUST ESTABLISHING A RESTRICTED LOCKED-IN SAVINGS PLAN Federal (RLSP) 1. What the Words Mean: Please remember that in this Addendum, I, me and my
More informationPUBLIC SERVICE SUPPLEMENTARY PLAN (PSSP)
PUBLIC SERVICE SUPPLEMENTARY PLAN (PSSP) 1. Background The pension from the Public Service Pension Plan (PSPP) is limited to the maximum amount permitted under the Income Tax Act (Canada) and Regulations
More informationAre you online? Sign up to mypensionplan and get your pension information online, anytime.
Member Handbook Are you online? Sign up to mypensionplan and get your pension information online, anytime. Go Green! Help the environment and eliminate paper waste by registering on mypensionplan. We ll
More informationGREYHOUND WESTERN EMPLOYEES RETIREMENT INCOME PLAN YOUR PENSION PLAN SUMMARY
GREYHOUND WESTERN EMPLOYEES RETIREMENT INCOME PLAN YOUR PENSION PLAN SUMMARY November 2003 GREYHOUND WESTERN EMPLOYEES RETIREMENT INCOME PLAN PENSION PLAN SUMMARY YOUR RETIREMENT PLAN The Greyhound Western
More informationEMPLOYEES PENSION PLAN
Effective 8 July 2019 Your Pension Plan was established on 1 January 1969 by Her Majesty in Right of Canada through the Minister of National Defence, pursuant to his authority and responsibility with respect
More informationOnce you become a Member of the Plan, you may not withdraw from the Plan so long as you remain employed by the City.
Retirement Benefit Plan for the Employees of the City of St. John s as applicable to Members of CUPE Local 1289, CUPE Local 569, NAPE Local 7808, and Non-Bargaining (Option 1) The Retirement Benefit Plan
More informationRRSPs and Other Registered Plans for Retirement
RRSPs and Other Registered Plans for Retirement T4040(E) Rev. 10 Before you start Is this guide for you? Use this guide if you want information about registered pension plans (RPPs), registered retirement
More informationA Guide to Statistics Canada Pension and Wealth Surveys
Catalogue no. 13F0026MIE No. 001 Research Paper A Guide to Statistics Canada Pension and Wealth Surveys by Pensions and Wealth Surveys Section Income Statistics Division 5th floor Jean Talon Building,
More informationCONSOLIDATED FINANCIAL STATEMENTS 2017
CONSOLIDATED FINANCIAL STATEMENTS 2017 CONSOLIDATED FINANCIAL STATEMENTS INDEPENDENT AUDITORS REPORT To the Board of Governors of the Nova Scotia Community College We have audited the accompanying consolidated
More informationTax return for 2006 prepared for. Tania McIntyre. by UFile.ca
2006 Tax return for 2006 prepared for Tania McIntyre by UFileca Executive summary for 2006 taxation year Taxpayer Spouse Name Social insurance number Date of birth Province of residence Tania McIntyre
More informationPensions Part 2 Defined Contribution Plans
June 3, 2010 Pensions Part 2 Defined Contribution Plans This article is the second part of a four-part series on employer retirement plans. Due to the complexity and variety of employer retirement plans,
More informationYour Pension and Buying Back Credit. Purchasing credit in the OPSEU Pension Plan
LATEST EDITION Your Pension and Buying Back Credit Purchasing credit in the OPSEU Pension Plan How to contact us Member and Pensioner Services: (416) 681-6100 in the Toronto calling area 1-800-637-0024
More informationUNIVERSITY OF OTTAWA PENSION PLAN
UNIVERSITY OF OTTAWA PENSION PLAN ACADEMIC STAFF May 1, 2013 Last update: April 9, 2013 Biography of Luc Lauzière, BA, BCOM University of Ottawa Luc has been employed by the University of Ottawa since
More informationRECIPROCAL TRANSFER AGREEMENT WITH TEACHERS PENSION PLAN AUTHORITIES
RECIPROCAL TRANSFER AGREEMENT WITH This information sheet provides information as to whether you may be eligible to transfer a benefit under the terms of the Reciprocal Transfer Agreement between the Teachers
More informationPension. Plan. Tober Enterprises Division. for further information. United Food and Commercial Workers Union
United Food and Commercial Workers Union for further information Plan Administrator: William M. Mercer Suite #860, One Bentall Centre 505 Burrard Street Vancouver, BC, V7X 1M4 e-mail: ufcw@ca.wmmercer.com
More informationNOVA SCOTIA COMMUNITY COLLEGE
Consolidated Financial Statements of NOVA SCOTIA COMMUNITY COLLEGE March 31, 2017 KPMG LLP Telephone (902) 492-6000 Suite 1500 Purdy s Wharf Tower 1 Fax (902) 492-1307 1959 Upper Water Street Internet
More informationGlossary of Terms. A glossary of terms related to pension plan legislation in Saskatchewan. fcaa.gov.sk.ca
Glossary of Terms A glossary of terms related to pension plan legislation in Saskatchewan. fcaa.gov.sk.ca [This page was intentionally left blank] 2 Glossary of Pension Terms ACCRUED PENSION - amount of
More informationCanadian Benefits Guide
Canadian Benefits Guide Foreword It is our privilege to present you with the 37 th edition of our Canadian Benefits Guide. As Canada s leading integrated human capital consulting and outsourcing firm,
More informationTeacher Pensions and the Income Tax Act Frequently Asked Questions
Teacher Pensions and the Income Tax Act Frequently Asked Questions The pension benefit paid out under the Teachers Pension Plan (the Plan) is governed by a formula that includes a calculation of a benefit
More informationVictoria Mechanical Industry Pension Plan
VMI Pension Plan Reference Book Victoria Mechanical Industry Pension Plan May 2013 Plan s Mission: It is the aim of the Victoria Mechanical Industry Pension Plan: to deliver the pension promise to the
More informationPlan Member Guide. Teachers Pension Plan
Plan Member Guide Teachers Pension Plan Table of Contents Introduction... 1 Services Provided by ATRF... 2 Becoming a Member... 3 Contributions... 3 Retirement... 5 Pension Formula... 7 Pension Options...
More informationPension Frequently Asked Questions
Eligibility: 1. Who is eligible to join the Pension Plan? 2. Who is not eligible to join the Pension Plan? 3. When is a temporary employee eligible to join the pension plan? 4. When is an indeterminate
More informationProvincial Collective Bargaining Agreement
Provincial Collective Bargaining Agreement Effective September 1, 2010 to August 31, 2013 Between the Boards of Education and the Government of Saskatchewan and the Teachers of Saskatchewan Index Preamble...
More informationTable of Contents. 24 Self-Pay 25 Reciprocal Agreements 27 Life Changes 28 Marriage Breakdown
Table of Contents 1 About this Booklet 2 Key Plan Benefits at-a-glance 5 Becoming a Plan Participant 6 Entitlement to Benefits 8 Earning Pension Credits 9 Past Service 11 Future Service 13 How your Pension
More informationInformation for Plan Members
Information for Plan Members This brochure highlights key provisions of the new PBSA, and will assist you in understanding how these provisions may affect your pension plan. As you read through the information
More informationActuarial Valuation. Assessment of the financial health of a pension plan by an independent actuarial consulting firm.
12 Definitions Accrue. To accumulate over a period of time. For example, service accrues with each month worked. Active Member. Plan member making (or deemed to be making) regular contributions to the
More informationprovince of saskatchewan Annual report Commission Group Life Insurance
province of saskatchewan 11-12 Annual report Saskatchewan Teachers superannuation Commission Group Life Insurance Table of Contents Letter of Transmittal... 2 Teachers' Superannuation Commission..... 4
More informationChanges to the Rules governing the Pension Benefits Act. Affecting Ontario Locked-in Accounts
Changes to the Rules governing the Pension Benefits Act Affecting Ontario Locked-in Accounts Ontario Regulation 416/07 Ontario Regulation 416/07 makes numerous changes to the rules governing locked-in
More informationThe Millwrights Local 1460 Pension Plan Member Information Booklet January 2014
The Millwrights Local 1460 Pension Plan Member Information Booklet January 2014 The Millwrights Local 1460 Pension Plan Actuary Mercer (Canada) Limited Administrator Prudent Benefits Administration Services
More informationThe Navigator. Pensions Part 2 Defined Contribution Plans RBC WEALTH MANAGEMENT SERVICES
The Navigator RBC WEALTH MANAGEMENT SERVICES Pensions Part 2 Defined Contribution Plans This article is the second part of a four-part series on employer retirement plans. Due to the complexity and variety
More informationPROVINCE OF PRINCE EDWARD ISLAND TEACHERS' SUPERANNUATION FUND FINANCIAL STATEMENTS JUNE 30, 2003
FINANCIAL STATEMENTS AUDITOR'S REPORT To the Commissioners of the Teachers' Superannuation Commission Province of Prince Edward Island I have audited the Statement of Net Assets Available for Benefits
More informationRRSPs and Other Registered Plans for Retirement
RRSPs and Other Registered Plans for Retirement 2003 T4040(E) Rev. 03 Before you start Is this guide for you? Use this guide if you want information about registered pension plans (RPPs), registered retirement
More informationPPP PROPOSAL as at January 1st, 2018 for Dr. Age 60 of MPC
PPP PROPOSAL as at January 1st, 2018 for Dr. Age 60 of MPC Retirement at Age 65 Presented by INTEGRIS Pension Management Corp INTEGRIS Pension Management Corp E-mail: illustrations@integris-mgt.com Telephone:
More informationInterpretive Guideline #15 Issued: June 2016 Disclosure to Members and Those Entitled to Benefits Under a Pension Plan
Interpretive Guideline #15 Issued: June 2016 Disclosure to Members and Those Entitled to Benefits Under a Pension Plan This guideline is designed to outline and explain the disclosure requirements for
More informationShould I Refinance My Student Loans? Presented by: Tricia Poplicean College Access Counselor
Should I Refinance My Student Loans? Presented by: Tricia Poplicean College Access Counselor Presentation Highlights Understand your student loans Federal vs. Private Student loan consolidation Student
More informationACCRUING PENSIONABLE SERVICE WHILE DISABLED
ACCRUING PENSIONABLE SERVICE WHILE DISABLED Information Retirement Benefits Options ATRF Alberta Teachers Retirement Fund Board TABLE OF CONTENTS INTRODUCTION.............................................
More informationRRSPs and Other Registered Plans for Retirement. T4040 (Rev. 99)
RRSPs and Other Registered Plans for Retirement T4040 (Rev. 99) 2409e Before You Start As of November 1, 1999, Revenue Canada became the Canada Customs and Revenue Agency. Is this guide for you? Use this
More informationPension Adjustment Reversal Guide
Pension Adjustment Reversal Guide RC4137(E) Rev. 18 Before You Start Is this guide for you? This guide has general information about how to calculate a pension adjustment reversal (PAR). It is designed
More informationTHE UNIVERSITY OF BRITISH COLUMBIA STAFF PENSION PLAN. PLAN RESTATEMENT as at September 30, 2015
October 25, 2016 THE UNIVERSITY OF BRITISH COLUMBIA STAFF PENSION PLAN PLAN RESTATEMENT as at THE UNIVERSITY OF BRITISH COLUMBIA STAFF PENSION PLAN TABLE OF CONTENTS Article 1 Introduction... 2 Article
More informationTWPP TELECOMMUNICATION WORKERS PENSION PLAN
TWPP TELECOMMUNICATION WORKERS PENSION PLAN Effective January 1, 2018 TABLE OF CONTENTS 1 Section Page INTRODUCTION 3 MISSION STATEMENT 5 1 ELIGIBILITY AND PLAN PARTICIPATION 6 2 CONTRIBUTIONS 7 3 TERMINATION
More informationVictoria Mechanical Industry Pension Plan
VMI Pension Plan Reference Book Victoria Mechanical Industry Pension Plan May 2006 Plan s Mission: It is the aim of the Victoria Mechanical Industry Pension Plan: to deliver the pension promise to the
More informationELECTRICAL INDUSTRY PENSION TRUST FUND OF ALBERTA. Questions & Answers Section
ELECTRICAL INDUSTRY PENSION TRUST FUND OF ALBERTA Questions & Answers Section UNI N YES INDEX SECTION PAGE PENSION PLAN HISTORY... 1 PENSION CONTRIBUTION STANDARD RATES... 5 INTRODUCTION... 6 A BRIEF SUMMARY
More informationProfessional Wealth Management Since 1901
Locked-in RRSPS and YouR options Professional Wealth Management Since 1901 RBC Dominion Securities Inc. Financial Planning Publications At RBC Dominion Securities Inc., we have been helping clients achieve
More informationIncome Tax Information About Pay Equity Employment Income and Pay Equity Interest Payments Received in 2000
Income Tax Information About Pay Equity Employment Income and Pay Equity Interest Payments Received in 2000 2 Table of Contents Page Introduction..3 Part 1 - General tax information 4 Part 2 - Tax information
More informationReport on the Public Service Pension Plan. for the Fiscal Year Ended March 31, nnual report
A N N UA L R E P O R T T O PA R L I A M E N T Report on the Public Service Pension Plan for the Fiscal Year Ended March 31, 2009 nnual report Report on the Public Service Pension Plan for the Fiscal Year
More informationprovince of saskatchewan Annual report Commission Group Life Insurance
province of saskatchewan 12-13 Annual report Saskatchewan Teachers superannuation Commission Group Life Insurance Table of Contents Letter of Transmittal... 2 Teachers' Superannuation Commission......
More informationTeacher Pensions and the Income Tax Act Frequently Asked Questions
Teacher Pensions and the Income Tax Act Frequently Asked Questions The pension benefit paid out under the Teachers Pension Plan (the Plan) is governed by a formula that includes a calculation of a benefit
More informationACTUARIAL REPORT. on the Pension Liabilities which CENTRA GAS MANITOBA INC. has as at DECEMBER 31, with respect to the
ACTUARIAL REPORT (for pension expense purposes) on the Pension Liabilities which CENTRA GAS MANITOBA INC. has as at DECEMBER 31, 2011 with respect to the June, 2012 Prepared by: E E & ELLEMENT & ELLEMENT
More informationMORNING SESSION. Date: Wednesday, April 25, 2018 Time: 8:30 a.m. 11:45 a.m. INSTRUCTIONS TO CANDIDATES
SOCIETY OF ACTUARIES Funding & Regulation Exam - Canada Exam RETFRC MORNING SESSION Date: Wednesday, April 25, 2018 Time: 8:30 a.m. 11:45 a.m. INSTRUCTIONS TO CANDIDATES General Instructions 1. This examination
More informationThe Public Service Pension Plan. Employee Booklet
The Public Service Pension Plan Employee Booklet Table of Contents Preface... 1 An Introduction to the Public Service Pension Plan... 2 Public Service Pension Plan Reform... 3 Eligibility for Membership...
More informationPensions Part 1 Defined Benefit Plans
The Navigator RBC WEALTH MANAGEMENT SERVICES Pensions Part 1 Defined Benefit Plans This article is the first part of a four-part series on employer retirement plans. Due to the complexity and variety of
More informationBUYING BACK SERVICE. Information on buying back past service to increase your pension
BUYING BACK SERVICE Information on buying back past service to increase your pension CONTENTS 2 Introduction 3 Advantages of being a HOOPP member 4 The value of buying back service 6 What periods of service
More informationRECIPROCAL TRANSFER AGREEMENT WITH ALBERTA PUBLIC SECTOR PENSION PLANS
This information sheet provides information to help you ascertain if you are eligible to transfer your benefit under the terms of the Reciprocal Transfer Agreement between the Alberta Teachers Retirement
More information2013 Approximated Combined Federal & Ontario Income Tax (1,2,3,4, 5) 2012 Approximated Combined Federal & Ontario Income Tax (1,2,3,4, 5)
Estimated combined Federal and personal income tax Taxable Income 2017 2016 2015 2014 2013 2012 2011 (1,2,3,4) 2010 (1,2,3,4) 2009 (1,2,3,4) $20,000 $1,800 $1,800 $1,800 $1,900 $1,900 $1,900 $2,000 $2,000
More informationBuy-backs RETRAITE QUÉBEC. Public-sector pension plans
RETRAITE QUÉBEC Public-sector pension plans Buy-backs The information in this booklet will help you determine the periods of your career that you can buy back and the effects of a buy-back from a tax standpoint.
More informationTax return for 2007 prepared for. Tania McIntyre. by UFile.ca
2007 Tax return for 2007 prepared for Tania McIntyre by UFileca Executive summary for 2007 taxation year Taxpayer Spouse Name Social insurance number Date of birth Province of residence Tania McIntyre
More informationATA Fees Reporting And Remittances. Updated September
ATA Fees Reporting And Remittances Updated September 22 2017 ATA Fees Reporting And Remittances ATA fees and monthly records are reported to ATA through the ATRF CS, however you need to remit your ATA
More informationMaternity and Parental
Maternity and Parental Leaves and Benefits The following information is provided to help you to access your maternity and parental leave under Saskatchewan labour law, your benefits under federal employment
More information40 th. Canadian Benefits Guide Edition
About Aon Aon plc (NYSE:AON) is a leading global provider of risk management, insurance and reinsurance brokerage, and human resources solutions and outsourcing services. Through its more than 72,000 colleagues
More informationINTRODUCTION AR-GUID-08/
FINANCIAL SERVICES COMMISSION Guidance Paper Pension Plans Guidance on the Presentation and Calculation of Accrued and Projected Pensions of Active INTRODUCTION Regulation 12 of the Pensions (Sup erannuation
More informationPENSION PLAN FOR FULL-TIME CUPE 2745 EMPLOYEES OF NEW BRUNSWICK SCHOOL DISTRICTS
PENSION PLAN FOR FULL-TIME CUPE 2745 EMPLOYEES OF NEW BRUNSWICK SCHOOL DISTRICTS ADMINISTRATOR S REPORT 31 December 2015 Prepared 9 September 2016 Prepared by: Pensions and Employee Benefits Division Treasury
More informationCONTRIBUTORY PENSION PLAN FOR SALARIED EMPLOYEES OF MCMASTER UNIVERSITY INCLUDING MCMASTER DIVINITY COLLEGE 2000 (as at July 1, 2000)
Appendix B CONTRIBUTORY PENSION PLAN FOR SALARIED EMPLOYEES OF MCMASTER UNIVERSITY INCLUDING MCMASTER DIVINITY COLLEGE 2000 (as at July 1, 2000) CERTIFIED to be a true and complete copy of the text of
More information