Maximum Pensionable Earnings definition

Maximum Pensionable Earnings has the same meaning as in the Act respecting the Quebec Pension Plan (Quebec);
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Maximum Pensionable Earnings. (“MPE”) for a year shall mean the maximum pension earnings determined in accordance with the Act respecting the Quebec Pension Plan for that year.
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Maximum Pensionable Earnings means for any year the Pensionable Earnings on which a Member was required to contribute under the Basic Plan.
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Examples of Maximum Pensionable Earnings in a sentence

  • 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.

  • Company contributions will be one dollar ($1.00) for each dollar an employee contributes, up to a maximum of 4% and 5% of the Yearly Maximum Pensionable Earnings.

  • For information purposes only, contribution rates as of July 2014 are as follows: the staff member will contribute 4.35% of basic regular salary up to the Canada Pension Plan’s Yearly Maximum Pensionable Earnings (YMPE), and 6.35% of basic regular salary in excess of the YMPE.

  • Precise determination of any adjustments to member contribution rates will be made by the Plan Actuary with due consideration being given to the importance of recognizing earnings below and above the Year’s Maximum Pensionable Earnings (YMPE).

  • New employees working reduced hours must apply for membership in the Pension Plan after completing 24 months of continuous service, subject to the following conditions: • accumulated earnings, including overtime, must equal 35% of the Year's Maximum Pensionable Earnings (YMPE); • all accumulated hours, including overtime, must equal 700 (scheduled reduced) hours in each of the two previous calendar years.

  • If you are a temporary employee, you become eligible when you have completed two years of service, provided that you have earned 35% of the Year’s Maximum Pensionable Earnings* in each of those years or worked 700 hours for Post Foods Canada during each of those years.

  • Employee contribution levels will be 2.5% of eligible earnings up to the level of the Canada Pension Plan’s Yearly Maximum Pensionable Earnings (YMPE) and 5% beyond that level.

  • Effective April 1, 2012 the matching contribution rates for the nurses and the Employer shall be 5.9% of gross basic earnings up to the Canada Pension Plan Yearly Maximum Pensionable Earnings (YMPE) and 7.4% of gross basic earnings over the YMPE.

  • Eligible employees for the purposes of the Retirement Savings Plan include all regular employees and those eligible auxiliary employees who qualify to participate after completion of two (2) years of employment with earnings of not less than thirty-five percent (35%) of the year's Maximum Pensionable Earnings as annually determined by Revenue Canada in each of two consecutive calendar years.

  • Effective April 1, 2013 the matching contribution rates for the nurses and the Employer shall be 6.1% of gross basic earnings up to the Canada Pension Plan Yearly Maximum Pensionable Earnings (YMPE) and 7.6% of gross basic earnings over the YMPE.


More Definitions of Maximum Pensionable Earnings

Maximum Pensionable Earnings means the maximum pensionable earnings under the Canada Pension Plan or the Quebec Pension Plan, as applicable, for the year in which the Member terminates employment, retires or dies, whichever comes first;
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Related to Maximum Pensionable Earnings

  • Annual Earnings means your gross annual income from your Employer, not including shift differential, in effect just prior to the date of loss. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • total earnings means all of the dentist's gross earnings from the practice of dentistry by him in person, and "NHS earnings" means the dentist's gross earnings from the provision by him in person of general dental services under the National Health Service (Scotland) Act 1978, as amended, including where the dentist's name is included in sub-part A of the first part, or Part A prior to 2 July 2010, of two or more dental lists in Scotland, but neither his total earnings nor his NHS earnings shall be taken to include any remuneration by way of salary;

  • Eligible Earnings means the Grantee's base salary (prior to any deferrals under a cash or deferred compensation plan sponsored by the Corporation or an Affiliate) paid during the Plan Year. From time to time the Plan Administrator may, in its sole discretion, establish rules for determining the amounts of Eligible Earnings for employees who become Grantees other than on the first day of a Plan Year as well as any reduction of Eligible Earnings as a result of paid leave of absences.

  • Final Average Earnings means the earnings used to determine benefits under this Plan as further described in Article 7.

  • Gross earnings means all monies earned by the Employee under the terms of this Collective Agreement.