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. See similar questions...

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. See similar questions...

The OPSEU Pension Plan is a "defined benefit" pension plan. This means that when you retire, your pension will be based on your salary and your years of service credit. The amount of pension you have earned does not depend on the amount you contribute or on changing investment returns. Your OPTrust pension is guaranteed for your lifetime and will be adjusted annually for inflation. See similar questions...

Licensed Third Party Administrators provide cost-estimations for each prospective purchaser of a DA/DR plan that are formulated using past claims history, group demographic data and software programs developed by actuaries who are expert in designing self-funded, dollar-based dental plans. See similar questions...

Just call our Customer Careline on 0870 161 1111. They will tell you whether it is possible to increase your pension contribution. Please bear in mind that Sun Life Financial of Canada cannot provide you with financial advice and we recommend that you consult with an Independent Financial Adviser. You may have to pay for such advice. See similar questions...

Most people are allowed to make personal pension contributions of £3,600 a year regardless of earnings. Those with higher ‘Net Relevant Earnings’ (subject to a maximum earnings cap) are allowed to contribute more. If considering starting a pension, or increasing your contributions, it may be worthwhile contacting us to find out what options you have. See similar questions...

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

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. See similar questions...

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. See similar questions...

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. See similar questions...

The amount paid for age pension depends on the insured person's average annual insurable earnings and the number of weekly contributions paid into the Scheme. The average annual insurable earnings is the total earnings of the 5 best contribution years in the last 10 contribution years, immediately before reaching age 60, divided by five. Where the number of years contributed is less than five, the average will be used over those years. See similar questions...

Pension is calculated @ 50% of average emoluments drawn during the last 10 months of his/her retirement. In case qualifying service is less than 33 years, the proportionate pension is admissible subject to minimum of Rs. 1913.00 See similar questions...

A State Pension Offset is used by occupational pension schemes that seek to integrate scheme benefits and the state pension. A pension scheme's objectives and rules might provide that a member's aggregate pension - occupational pension plus basic state pension - shall be, say, 1/60 th for each year of scheme membership and that the pension payable by the scheme shall be the pension calculated by the 1/60 th rule less the basic state pension. See similar questions...

Reserve Force members who meet the service threshold requirement (the equivalent of 55 months of full-time service in a sixty-month period). Note: The annual pension is a lifetime benefit and one-twelfth of the annual amount is paid at the end of each month. There is also provision for paying annual supplementary benefits to cover any increases in the cost of living. See similar questions...

Employee contributions for each medical and prescription drug plan are set at 20% of the premium rate. For dental, the employee sharing percentage is 30%. Each year the cost of claims and plan administration costs are tracked and totaled. These costs form the basis for developing premium rates for both Lubrizol’s insured and self-insured medical and prescription drug programs. After applying an appropriate medical inflation factor, annual premium rates are produced by level of coverage. See similar questions...

Pension is financial assistance to keep you above the waterline of poverty. It requires (1) honorable service at least 90 days during wartime; (2) health problems that are unrelated to service and other health problems serious enough to render you totally disabled; and (3) little or no income from any other source. Wartime service includes World War I, World War II, Korea, Vietnam, and the Persian Gulf era. Service in Panama or Grenada is not considered wartime service. See similar questions...

Your employer should advise the Pensions Manager that you have left and provide you with an 'Options on Leaving' information sheet. A copy of this information sheet is available for you to read. See similar questions...

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. See similar questions...

The amount of superannuation, retiring, compensation and invalid pension in respect of a Government employee who retires on or after 1.1.96 shall be calculated as under: Full pension shall be 50% of average emoluments and would be available on a qualifying service of 33 years. In case qualifying service is less than 33 years, the pension will be proportionally reduced. The minimum rate of Basic pension will be Rs. 1310/- per month + DP w.e.f. 01.04.2004. See similar questions...