Pension Plan Participation and Contributions (Regular Part-Time. All regular part-time staff members who are eligible under the terms of the University of Victoria Money Purchase Pension Plan (“Money Purchase Pension Plan”) will, as a condition of employment, participate in the Money Purchase Pension Plan from the date of eligibility. Staff members will contribute 3% of basic regular salary up to the Canada Pension Plan’s Yearly Maximum Pensionable Earnings (YMPE), and 5% of basic regular salary in excess of the YMPE. The University will contribute 8.37% of basic regular salary up to the YMPE and 10% of basic regular salary in excess of the YMPE. Part D - Benefits for Staff Members with Term Appointments
Pension Plan Participation and Contributions (Regular Part-Time. All regular part-time staff members who are eligible under the terms of the University Pension Plan will, as a condition of employment, participate in the Money Purchase Pension Plan from the first day of the month following employment. Staff members will contribute 3% of basic regular salary up to the Canada Pension Plan’s Yearly Maximum Pensionable Earnings (YMPE), and 5% of basic regular salary in excess of the YMPE. The University will contribute 8.37% of basic regular salary up to the YMPE and 10% of basic regular salary in excess of the YMPE. Part D - Benefits For Staff Members With Term Appointments
Pension Plan Participation and Contributions (Regular Part-Time. Pension Plan participation and contribution shall be the same as the current plan covering all staff as of June 29, 2001.
