Examples of YMPE in a sentence

Amendments to Pension Plan - Effective November 1, 2014 Formula Increase employee contribution from 6.0% of earnings to 6.4% of earnings up to YMPE.
Further, there shall be a bridge benefit of 0.4% of final average earnings up to the YMPE from the date of retirement to age 65, subject to a reduction set at three (3) percent for each year that the early retirement date precedes age sixty (60) and no reduction if the early retirement date is after age 60.
Amendments to Pension Plan - Effective July 1, 2015 Formula Increase employee contribution from 6.4% of earnings to 6.8% of earnings up to YMPE.
Increase employee contributions from 8.4% of earnings to 9.5% of earnings above the YMPE.
The University will provide for a bridging benefit for employees who retire before age 65 during the period from July 1, 2021 until June 30, 2023 under the provisions of Article 8 of the University’s Pension plan as follows: A “bridge benefit” will be payable equal to 0.5% of Final Average Earnings up to the YMPE times pensionable service.

More Definitions of YMPE

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".

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 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.