Examples of YMPE in a sentence
If you are a part-time employee, you will be required to join the Plan on the date you have completed 24 months of employment, provided that you have earned at least 35% of the YMPE in two consecutive calendar years.
The YMPE (or “year’s maximum pensionable earnings”) is the maximum level of earnings on which contributions and benefits are based under the Canada Pension Plan Act.
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.
In 2013, the YMPE is $51,100 (in 2012, the YMPE was$50,100, in 2011, the YMPE was $48,300, and in 2010 it was $47,200).
Notwithstanding Bylaw 9.01(1), for each calendar year in which a Member is sick or injured and is credited with Pensionable Earnings pursuant to Bylaw 6.02 but not Contributory Earnings, the level of YMPE for purposes of Bylaw 9.01(1) shall be based on the YMPE in the year such sickness or injury was incurred or, if later, the year in which the Member’s Pensionable Earnings ceased to be adjusted for general increases that are granted to all other employees in the Member’s job class.