Pension contributions are deducted from your pensionable earnings and are matched by your employer. The pension contribution rate is determined by the Plan's Signatory Boards and Unions. Employer and member contributions are pooled, and the money is invested to provide pension benefits to all members and their beneficiaries. For a summary of the current contribution rates, please contact your employer.
Note: There is a maximum amount that you and your employer may contribute to the Plan. This maximum amount is set by the Canada Revenue Agency each year, and must not exceed this limit. For more information regarding maximum pension amounts, please visit the Maximum Pension Amounts section.
In addition, you can only contribute to the Plan until November 30 in the year you turn age 71.