No. The employer sends his contribution as well as the employee's contribution directly to the Custodian.

The general rule is that contributions (other than union dues) withheld from an employee's wages or paid to the employer by a participant must be sent to the plan on the earliest date these contributions can reasonably be separated from the employer's general assets. This means that if you know how much should be sent to the plan three days after the pay date and it takes you another day to prepare the check, you must submit employee contributions four days after the pay date.

Under a typical DA/DR plan, contributions will be deposited into an escrow account for the particular employer's plan. The plan administrator will, among other services, pay claims from the fund.

You may not withdraw pension contributions if you are vested. However, if you are not vested and have Employee Contributions (including UV & HP plus any interest accrued) in the Pension Plan, you may withdraw these contributions plus interest if you leave the Industry for a minimum of three months or if you have a Break in Service. The withdrawal requires submission of a completed Withdrawal form to the Plan Office. Under certain circumstances you may withdraw UV & HP even if you are vested.

Your pension contributions are calculated as a percentage of your regular earnings and deducted directly from your pay. Your OPTrust pension is integrated with the Canada Pension Plan (CPP). This means that you pay lower contributions to OPTrust for the part of your earnings that is also covered by CPP. The lower contribution rate applies to earnings below Year's Maximum Pensionable Earnings (YMPE). For 2005 the YMPE is $41,100.

Yes. Your employer will keep track of your contributions and report them on your T4 slip as contributions to a registered pension plan. Your T4 will also show a "pension adjustment" amount. The Canada Revenue Agency (CRA) uses the pension adjustment to calculate the amount of RRSP contribution room you will have in the following year. The CRA will notify you of your RRSP room for the following year on your annual Notice of Assessment.

Your contributions are currently deducted from your pay after taxes. The City does not report the refund of your pension contributions as taxable income to you. If you contributed to the City Employees' Pension Fund for at least five years, you are eligible for interest on your contributions. Interest paid to you on a refund is generally taxable, but may be rolled over to a pre-tax investment vehicle. Please consult your tax advisor.

A member may make extra contributions by waiving the ITHP (Increased-Take-Home-Pay), currently at 5%, tax deferred. This form is available from the Police Pension website or you can click here to access it.

Cheques are paid monthly, and may be mailed to the pensioner's home address, be collected at the Social Security Office, be paid into your bank account, or be paid to a person whom the pensioner has nominated. Once a person has begun to receive age pension, a life certificate MUST be submitted in order to continue receiving the monthly payments. The life certificate must be signed by a Notary Public or by any person listed on the life certificate.

Benefits are paid as soon as we receive all required information and forms from you and the Administrative Office of the Illinois Courts.

If you wish to commence paying AVCs or contributions to the stakeholder pension plan, you need to complete an application form, available from your Human Resources Department.

It is similar a licensed PFA, except that it is for a particular pension scheme. Employers managing pension fund assets of N500,000,000 and above may apply to the Commission for a closed PFA licence to enable them administer their own schemes.

Yes. An additional 50% of contributions can be deducted from your pay. Please note that this deduction is not tax deferred. This form is available from the Police Pension website or you can click here to access it.

Yes. You will need to contact the DSS overseas pension department and they will send you the appropriate forms.

If the member had pensionable service on or after 1 January 2007 then the adult dependant's pension will be paid for life. If the member had no pensionable service after 1 January 2007, the pension will cease if the adult dependant remarries, enters a civil partnership or cohabits. The dependant's pension will always cease when the dependant dies.

Yes, full written disclosure of direct and indirect fees, commission penalties, and any other compensation that may be received by the Investment Advisor or any other person providing investment services. ^Go to top^

No, it is a requirement of the UK legislation that the money can only be paid into an approved New Zealand superannuation plan.

Statutory redundancy pay is paid gross to the employee (that is, tax free). It may be possible to pay any additional severance pay without deduction of tax and NI, but it will depend on the terms of the employment contract and any agreed terms of severance. Take legal advice. Possibly. The employees may be able to establish that an implied right to an enhanced redundancy payment has developed by custom and practice.

A pension is a way of saving money to ensure a comfortable retirement. In the UK it has major tax benefits which make it the best type of retirement plan for the vast majority of people, who, unless they're rich, really do need to save for old age. While there are alternative ways of saving the pension is generally the best option for most people. There are personal pensions, the new Stakeholder pension and occupational pensions. (See How does a personal pension work etc.).