YMPE definition

YMPE means the Year's Maximum Pensionable Earnings as defined in the Canada Pension Plan;

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YMPE means the Year’s Maximum Pensionable Earnings under the Canada Pension Plan for a specified calendar year.

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".

Examples of YMPE in a sentence

• However, such maximum benefit shall not apply to Annual Pensions of 2% of current YMPE or less per year of service.

• Staff members will contribute 3% of basic regular salary up to the Canada Pension Plan’s Yearly Maximum Pensionable Earnings (YMPE), and 5% of basic regular salary in excess of the YMPE.

• The Annuitant who meets one or both of the conditions for financial hardship set forth below may apply for a lump sum payment an amount up to 50% of YMPE from any combination of LRSPs, LIFs, RLSPs or RLIFs subject to Pension Legislation, within a calendar year, provided all withdrawals are done within 30 days.

• For information purposes only, contribution rates as of July 2014 are as follows: the staff member will contribute 4.35% of basic regular salary up to the Canada Pension Plan’s Yearly Maximum Pensionable Earnings (YMPE), and 6.35% of basic regular salary in excess of the YMPE.

• Employees may choose to participate in the Queen's Pension Plan after a period of two continuous years of employment if they have earned 35% of the YMPE (Canada Pension Plan annual maximum pensionable earnings or worked at least 700 hours in each of two consecutive years).

More Definitions of YMPE

YMPE means the year’s maximum pensionable earnings as defined in the Canada Pension Plan.

YMPE means Yearly Maximum Pensionable Earnings as defined in Pension Legislation;

YMPE means in respect of any calendar year, the Year's Maximum Pensionable Earnings under the Canada Pension Plan applicable to that calendar year.

YMPE means, in respect of any Plan Year, the Year’s Maximum Pensionable Earnings as defined under the Canada Pension Plan.

YMPE means Year's Maximum Pensionable Earnings under the Canada/Québec Pension Plan.

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.

YMPE means the Year's Maximum Pensionable Earnings, as defined under the Canada Pension Plan.