Examples of YBE in a sentence
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Year’s Basic Exemption (YBE) is the amount below which no contributions to the CPP can be made.
The YBE has been frozen since 1998 at $3,500.Year’s Maximum Pensionable Earnings (YMPE) is the amount set each year under the Canada Pension Plan (CPP).
Prior to 2000, earnings below the YBE and above the YMPE were subject to a PSSA contribution rate of 7.5%.
MEMBER CONTRIBUTIONSMembers are required to contribute at the rate of 8.0% of salary up to the YBE, 6.2% between the YBE and the YMPE, and 8% in excess of the YMPE.
On the other hand, ESI Angola Lda rents premises from YBE Imobiliária Angola Lda.
UNIVERSITY CONTRIBUTIONSBasic ContributionsThe University is required to contribute at the rate of 8.0% up to the YBE, 6.2% between the YBE and the YMPE and 8.0% in excess of the YMPE with no salary limitation applied, plus any special payments required under the Pension Benefits Act of Manitoba.
The contributions of members - Members of the University are each required to contribute at the rate of 8.0% of salary up to the Year's Basic Earnings (YBE), 6.2% between the YBE and the Year's Maximum Pensionable Earnings (YMPE) and 8.0% in excess of the YMPE.
The required and special contributions of the University - The University is required to contribute at the rate of 8.0% of salary up to the YBE, 6.2% between the YBE and the YMPE and 8.0% in excess of the YMPE with no salary limitations applied, plus any special payments for the unfunded liability required under the Pension Benefits Act of Manitoba.
For example, in 2003, employees are only required to contribute to C/QPP on earnings between $3,500 (year’s basic exemption (YBE)) and $39,900 (yearly maximum pensionable earnings [YMPE]).