Examples of YMPE in a sentence

The Employer and permanent full-time employee’s contribution shall be equal to three point seven percent (3.7%) of the employee's regular gross annual salary up to a maximum of YMPE and six percent (6%) of the employee's gross annual salary in excess of YMPE, provided that the contributions paid during any fiscal year do not exceed the limit in the Income Tax Act for the fiscal year in question.

More Definitions of YMPE

YMPE means the Year's Maximum Pensionable Earnings as defined each year under the Canada Pension Plan, as amended from time to time. This shall also be known as "Canada Pension Plan Ceiling".

YMPE means the year’s maximum pensionable earnings as defined in the Canada Pension Plan. As well, the words “deferred life annuity”, “financial institution”, “immediate life annuity”, “life income fund (“LIF”)”, “locked-in registered retirement savings plan (“LIRSP”)”, “restricted life income fund (“RLIF”)”, “restricted locked-in savings plan (“RLSP”)” and “pension benefit credit” have the same meanings given to them in the Pension Act and the Regulation. The other words used in this Addendum have the same meaning given to them in the Declaration of Trust. I will refer to the Declaration of Trust if I need to when reading those words.

YMPE means in any year, without regard to a Member’s actual Earnings, the Year’s Maximum Pensionable Earnings established each year under the Canada Pension Plan as amended from time to time. Notwithstanding the foregoing, in the event that the Canada Pension Plan is terminated, replaced, or amended significantly such that the YMPE is reduced or eliminated, the University retains the right to use an equivalent measure of pensionable earnings, provided such measure is permitted under Revenue Rules.