Yearly Maximum definition
Examples of Yearly Maximum 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.
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.
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.
Member contributions to the contributory portion of the Plan are three and one-half percent (3.5%) of the portion of the member’s base earnings in excess of the Canada Pension Plan’s Yearly Maximum Pensionable Earnings (YMPE) in effect at the time the contribution is made.
The staff member 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 Employer and nurse contributions to the RRSP shall be as follows: Effective September 5, 2011, the matching contribution rates for the nurses and the Employer shall be 5.5% of gross basic earnings up to the Canada Pension Plan Yearly Maximum Pensionable Earnings (YMPE) and 7.0% of gross basic earnings over the YMPE.
Effective January 1, 1999, and each subsequent May 1st, an eligible employee who is a member of the Plan will contribute each year an amount equal to: 4.5% of earnings up to the Yearly Maximum Pensionable Earnings (YMPE) under the Canada Pension Plan, and 6.0% of Pensionable Earnings in excess of the YMPE.