Canada Pension Plan definition
Examples of Canada Pension Plan in a sentence
The Board shall maintain its contribution to all statutory benefits as required by legislation (including but not limited to Canada Pension Plan, Employment Insurance, Employer Health Tax, etc.).
In addition, the Employer agrees to pay the required employer premiums to the Canada Pension Plan or the Quebec Pension Plan over and above its contribution to the existing pension plan.
Effective date of signing, a Nurse with a minimum of ten (10) years of service with the Employer who retires in accordance with the provisions of the Employer’s Pension Plan or the Canada Pension Plan shall be entitled to the payment of the sum of six hundred dollars ($600) per year of service to a maximum of fifteen thousand ($15,000).
Regular net salary will be based on the employee’s basic salary as defined in Article 17:02 of the Collective Agreement (exclusive of overtime), less the employee’s usual income tax deduction, Canada Pension Plan contributions and Employment Insurance contributions.
The contribution rate by the Co-operative and the employee to be applied to an employee’s earnings will be seven and one-half (7.5%) percent less the Canada Pension Plan contribution rate.