YMPE definition

YMPE means the Year's Maximum Pensionable Earnings as defined in the Canada Pension Plan;

YMPE means Yearly Maximum Pensionable Earnings as defined in Pension Legislation;

YMPE means the Year's Maximum Pensionable Earnings as defined each year under the Canada Pension Plan, as amended from time to time. This shall also be known as "Canada Pension Plan Ceiling".

Examples of YMPE in a sentence

• The YMPE (or “year’s maximum pensionable earnings”) is the maximum level of earnings on which contributions and benefits are based under the Canada Pension Plan Act.

• If you are a part-time employee, you will be required to join the Plan on the date you have completed 24 months of employment, provided that you have earned at least 35% of the YMPE in two consecutive calendar years.

• The Annuitant who meets one or both of the conditions for financial hardship set forth below may apply for a lump sum payment an amount up to 50% of YMPE from any combination of LRSPs, LIFs, RLSPs or RLIFs subject to Pension Legislation, within a calendar year, provided all withdrawals are done within 30 days.

• In 2013, the YMPE is $51,100 (in 2012, the YMPE was$50,100, in 2011, the YMPE was $48,300, and in 2010 it was $47,200).

• However, such maximum benefit shall not apply to Annual Pensions of 2% of current YMPE or less per year of service.

More Definitions of YMPE

YMPE means the year’s maximum pensionable earnings as outlined in the Canada Pension Plan.

YMPE means in respect of any calendar year, the Year's Maximum Pensionable Earnings under the Canada Pension Plan applicable to that calendar year.

YMPE means Year's Maximum Pensionable Earnings under the Canada/Québec Pension Plan.

YMPE means the year’s maximum pensionable earnings as defined in the Canada Pension Plan. As well, the words “deferred life annuity”, “financial institution”, “immediate life annuity”, “life income fund (“LIF”)”, “locked-in registered retirement savings plan (“LIRSP”)”, “restricted life income fund (“RLIF”)”, “restricted locked-in savings plan (“RLSP”)” and “pension benefit credit” have the same meanings given to them in the Pension Act and the Regulation. The other words used in this Addendum have the same meaning given to them in the Declaration of Trust. I will refer to the Declaration of Trust if I need to when reading those words.

YMPE means, in respect of any plan year, the Year’s Maximum Pensionable Earnings as defined under the Canada Pension Plan.

YMPE means the Year's Maximum Pensionable Earnings established each year under the Canada Pension Plan as amended from time to time or under any superseding legislation considered by the Company to be appropriate.

YMPE means in any year, without regard to a Member’s actual Earnings, the Year’s Maximum Pensionable Earnings established each year under the Canada Pension Plan as amended from time to time. Notwithstanding the foregoing, in the event that the Canada Pension Plan is terminated, replaced, or amended significantly such that the YMPE is reduced or eliminated, the University retains the right to use an equivalent measure of pensionable earnings, provided such measure is permitted under Revenue Rules.