Examples of Pension Plans in a sentence
In its October 1994 review of these issues, State-Subsidized Police & Fire Pension Plans, the House Committee on Employee and Management Relations suggested there were five principal areas where change would be warranted:▸ The specification of normal retirement age and service requirements;▸ Calculation of disability benefits;▸ The apportionment of insurance premium tax monies among the differently constituted plans;▸ Benefit caps; and▸ Age thresholds affecting additional retirement credit.
Reform Proposal for Addressing the Pension Plan's Funding Gap: Another important matter on the agenda of the CBFA relates to the question of pension reform.
The replacement pages focus on the following legislative requirements applicable to multi-employer pension plans not reflected in the text:Changes to the Manitoba Pension Benefits Act (PBA) made in late 2021 formally defined Specified Multi-Employer Pension Plans (SMEPPs), if the plan qualifies as such under the terms of the Income Tax Act.
As described in Note 15 – Pension Plans, the employer contribution rate to the System was 13.55% of covered payroll.
Canadian Defined Benefit Pension Plan: a Canadian Pension Plan which provides for a “defined benefit” to be paid to retired employees and which is subject to minimum funding and solvency requirement under Applicable Law relating to Canadian Pension Plans.