Examples of Pension Adjustment in a sentence
RRSP Contribution Room: Your RRSP contribution limit in each calendar year is 18% of your earned income in the previous year up to a dollar limit less your Pension Adjustment (PA).
The Pension Adjustment is the deemed value of the pension benefit earned in the previous year as determined by the Revenue Canada formula and reported each year on your T4.
For all other eligible pensioners, and for all survivors, the Pension Adjustment Factor is equal to the applicable percentage adjustment.
PENSION ADJUSTMENT Monthly pensions payable to eligible beneficiaries as of an adjustment date are increased by a percentage called the Pension Adjustment Factor determined as follows: For eligible pensioners who retire in the twelve (12) month period prior to the adjustment date, except for disability pensioners, the Pension Adjustment Factor is of the pension adjustment for each full month prior to the adjustment date.
Pension Adjustment Certain retirees will receive a pension adjustment as follows: Retired before 1990 5.0% Retired between 1/1/90 and 12/31/97 3.0% This pension increase is contingent on the approval of the Employee Benefits Committee of Pacific Gas & Electric Company and the Board of Directors of Pacific Gas & Electric Company and will be effective February 1, 2009.