Canada Pension Plan (CPP) Sample Clauses

Canada Pension Plan (CPP). The Canada Pension Plan, to which all staff members between the ages of 18 and 65 must belong from their first day of work, provides for payment of a pension, based on the amount of individual earnings (up to a certain maximum), and service from January 1, 1966. Death and survivor benefits are also payable from this plan, and under particular circumstances, a disability pension may also be available. At age 65, staff members may make application to receive a Canada Pension benefit (in which case contributions will cease) or they can postpone applying for a pension, and, provided they are working, continue to pay contributions up to age 70. At age 70, their contributions will cease and they can apply for their pensions in full, whether or not they keep on working and regardless of their earnings. It is possible to apply for Canada Pension benefits any time after age 60 and before age 65, but there is a 1/2 per cent per month reduction for each month of early retirement prior to age 65.
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Canada Pension Plan (CPP). Board/employee premiums as determined by the Federal Government
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Canada Pension Plan (CPP). For both Members and PSEs, the employer’s share of CPP is charged under the Agreement as an Other Cost. CPP amounts are based on Yearly Maximum Pensionable Earnings (YMPE) which is set by the Canada Revenue Agency annually. The employer’s share of CPP is charged based on the FTE utilization of all employees multiplied by the Fiscal Year rate. As the published CPP rates published on the Canada Revenue Agency website are based on a calendar year the RCMP complete a calculation that converts the rate into a Fiscal Year rate. At the beginning of the Fiscal Year, the RCMP completes the following calculation to determine the rate to be used when calculating the annual cost of CPP for both Members and PSEs.
Sample 1
Canada Pension Plan (CPP) each individual should seek counselling from the CPP administrator on the options available. If an employee chooses to contribute to CPP beyond age 65, BCHMC will make deductions as usual. This is an optional choice that each employee will make. Under the present Act, CPP contributions may occur to age seventy (70);
Sample 1

Related to Canada Pension Plan (CPP)

  • Canada Pension Plan All employees shall participate in and contribute to the Canada Pension Plan in accordance with the applicable legislation. The College will contribute to the plan for each employee, to the extent provided for in the applicable legislation.

  • Defined Benefit Pension Plan 1. The Employer and the Union hereby agree to the continuation of the existing Northern California Glaziers, Architectural Metal and Glass Workers Pension Trust Agreement ("Defined Benefit Pension Trust").

  • Municipal Pension Plan (i) All newly hired regular employees shall participate under the Municipal Pension Plan, subject to the terms and conditions of such Plan, from their initial date of hire as a regular employee.

  • Pension Plan 15.01 The CLAC Pension Plan (“the Plan”), a defined contribution pension plan, is registered with the Canada Revenue Agency. The Plan applies to all employees covered by this Agreement.

  • Oregon Public Service Retirement Plan Pension Program Members For purposes of this Section 2, “employee” means an employee who is employed by the State on or after August 29, 2003 and who is not eligible to receive benefits under ORS Chapter 238 for service with the State pursuant to Section 2 of Chapter 733, Oregon Laws 2003.

  • Pension Plans Any of the following events shall occur with respect to any Pension Plan:

  • Retirement Plans In connection with the individual retirement accounts, simplified employee pension plans, rollover individual retirement plans, educational IRAs and XXXX individual retirement accounts (“XXX Plans”), 403(b) Plans and money purchase and profit sharing plans (collectively, the “Retirement Plans”) within the meaning of Section 408 of the Internal Revenue Code of 1986, as amended (the “Code”) sponsored by a Fund for which contributions of the Fund’s shareholders (the “Participants”) are invested solely in Shares of the Fund, JHSS shall provide the following administrative services:

  • Retirement Plan The 2.7% at 55 retirement plan will be available to eligible bargaining unit members covered by this Section 6.1.1.

  • The Nursing Homes and Related Industries Pension Plan In this Article, the terms used shall have the meanings as described:

  • Savings Plan Executive will be eligible to enroll and participate, and be immediately vested in, all Company savings and retirement plans, including any 401(k) plans, as are available from time to time to other key executive employees.

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