Reserve Force Pension Plan Regulations

Version of section 6 from 2007-02-16 to 2007-02-28:

The following provision is not in force.

Marginal note:Rate of contributions

  •  (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.

  • Marginal note:Limits

    (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 69 years of age.

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