Federal pension law does not set a specific time within which plans must start paying benefits after you retire or otherwise become eligible to receive benefits. Plan administrators must act prudently and follow the procedures in the plan documents. Your Summary Plan Description (SPD) or other plan documents should provide information on those procedures. If you have specific questions, you should contact the plan administrator.

The minimum contribution for 2002 is 3% each from the employee and the employer. In 2003 it rises to 4% each and in 2004 it will reach the maximum of 5% each. You may make voluntary contributions as well, however, these are not matched by your employer.

Visit Social Development Canada (SDC) for information on Canada's Retirement Income System: The Canada Pension Plan.

If you are receiving Workers' compensation benefits, you should consult an attorney before you file an application for pension benefits. The Workers' compensation insurance company is entitled to receive a credit for any pension benefits to the extent that those benefits were funded by your time of injury employer. If you defer collecting your pension, you may be able to collect larger benefits later on and may be able to settle your Workers' compensation case on favorable terms.

Yes, if you have elected a pension adjusted for CPP pension payments, and your plan provides for this. The PBSA, however, limits the amount by which your pension can be reduced.

copy; Liberty Life Insurance Company 2005. RBC Insurance is a brand name for the U.S. Insurance operations of Royal Bank of Canada, including Liberty Life Insurance Company. This product is available to US and Canadian citizens residing in the United States. This product is not available in every state or to individuals residing outside of the U.S.

If you transfer the money to a locked-in RRSP, in order to start receiving payments it must be further transferred to a life income fund (a "LIF"), used to purchase an annuity, or transferred to another pension plan. In the case of a LIF and an annuity, the payments can start when you reach the age at which you could have started receiving payments under the pension plan the money was transferred out of (age 55 under most plans).

Canada Pension Plan are paid to a deceased contributor's estate, surviving spouse or common-law partner and dependent children. There are three types of benefits. The death benefit is a one-time payment to, or on behalf of, the estate of a deceased Canada Pension Plan contributor; The survivor's pension is a monthly pension paid to the surviving spouse or common-law partner of a deceased contributor; The children's benefit is a monthly benefit for dependent children of a deceased contributor.

Your benefits will always be locked-in, meaning that the money must only be used for the purposes of providing a stream of retirement income.

ANSWER: It is possible that your pension from this Plan may affect your eligibility for and amount of Unemployment Compensation benefits. Please check with the Fund Office and your local Employment Development Department Office.

On and after October 28, 1990, all contributions received by the Pension Plan (other than Unclaimed Vacation & Holiday Pay) are Employer contributions. (Prior to October 28, 1990, 16.4?/hour was deducted from Participant paychecks each pay period and remitted to the Motion Picture Industry Pension Plan toward individual pensions.) The IAP is also 100% Employer-funded.

AFM members may participate in the AFM-EPF (American Federation of Musicians and Employers Pension Fund). Currently musicians who perform on MPF jobs receive a 4% pension contribution for each job. Members may also file pension contributions on their own behalf on special single-engagement contract forms. Please contact us for copies of the LS-1 contract form and information on how to take advantage of this valuable new member benefit.

Generally, pension plans and health plans are operated independently and are administered separately. If you have questions about your health benefits you should contact your health plan administrator. Be aware that, like pension plans, many health plans can be amended or terminated.

The Employee Retirement Income Security Act (ERISA) requires plan administrators - the people who run plans - to give you in writing the most important facts you need to know about your pension plan. Some of these facts must be provided to you regularly and automatically by the plan administrator. Others are available upon request, free of charge or for copying fees. Your request should be made in writing.

Most Ontario registered pension plans are listed in FSCO's Pension Plan Information Access, or you can check with your plan administrator. Certain plans are excluded from Pension Plan Information Access for privacy reasons. Also, if your employer has locations in other provinces, your pension plan may be registered in another jurisdiction. As noted below, pensions of employees in federally-regulated employment are not regulated by FSCO.

Your plan administrator is your first source of information on the pension plan. As well as providing information required by the Pension Benefits Act, your administrator is available to answer your pension plan questions. A complete list of the information that your administrator must provide can be found at Your Pension Rights, in the section Information Provided to Plan Members on page 46.

Pensions are protected under Federal legislation as are. RRSP’s that are not pension roll-overs, or are held by life insurance companies. All other RRSP's must be paid over to the Trustee to distribute to your creditors. If you have a non-life insurance funded RRSP, you should discuss your rights with your agent and with your family solicitor.

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The minimum age for joining is age 23, the maximum is age 64. The minimum service required to join a pension plan is 720 hours of employment. If your employer's pension plan has a shorter service requirement, such as 3 months you will join the plan on the earlier date.

Not necessarily. If you think you may be eligible to join, contact your employer, plan administrator, or your union representative. You may be required to fill in an application form in order to join the plan. The plan is required to provide an explanation or summary of the plan to each employee at least 30 days before the employee first becomes eligible, or is required to be a member of that plan.