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.

• 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 71 years of age.