Contribution Rate Changes January, 2009

January 1st, 2009

 

Pension Plan Contribution Rate Increase:

If member is also in the Disability Income Plan:

5.8% (on CPP earnings) 7.0% (on non-CPP earnings)

If member is NOT in the Disability Income Plan:

5.9% (on CPP earnings) 7.1% (on non-CPP earnings)

 

Disability Income Plan Decrease:

    The TOTAL Member + Employer Contribution Rate decreases to
    1.0% of Pensionable Earnings.

Please call the Municipal Employees Benefits Program office if you have any questions.