Municipal Pension Plan member news — contribution rate increasing

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Municipal Pension Plan member contribution rates are increasing by 0.7 percent of salary, effective July 1, 2014. This increase will be reflected on your July 15, 2014 pay.
The new member contribution rates will be:

  • On earnings up to the year’s maximum pensionable earnings (YMPE): 8.50% (from 7.80%)
  • On earnings over the year’s maximum pensionable earnings (YMPE): 10.00% (from 9.30%)
  • (This year’s maximum pensionable earnings (YMPE) is $52,500.00.)

For more information, contact Debbie Dyck at debbie.dyck@ufv.ca

07/16/2014