Reserve Force Pension Plan Regulations
Marginal note:Rate of contributions
6 (1) The contribution of a participant to the Fund shall be
(a) the following percentage of the participant’s earnings:
(i) 4.3 per cent in respect of 2007,
(ii) 4.6 per cent in respect of 2008,
(iii) 4.9 per cent in respect of 2009, and
(iv) 5.2 per cent in respect of 2010 and each subsequent year; or
(b) 1 per cent of the participant’s earnings, if the participant has to their credit 35 years of pensionable service.
(2) A participant shall not contribute to the Fund in respect of
(a) any portion of the participant’s rate of pay in a calendar year that is in excess of the product of 66 2/3 times the defined benefit limit determined for that year in accordance with the definition defined benefit limit in subsection 8500(1) of the Income Tax Regulations; or
(b) any of the participant’s earnings in a calendar year after the calendar year in which the participant reaches 71 years of age.
- SOR/2010-101, s. 4
- Date modified: