Contributing to Your Plan

Required Contributions

You and your employer are required to contribute to the Plan. Your contributions are deducted from your paycheque.

Contribution Percentage

The contribution percentage for employees and employers may be defined in an agreement (such as a collective agreement or another employment agreement).

Voluntary Contributions

To help meet your retirement goals, you can make additional voluntary contributions, which is are open to all contributing members. These contributions are on top of your regular payroll contributions.

Benefits of voluntary contributions:

• Convenient: paycheque deductions.
• Flexible: one-time lump-sum contribution or regular pay period contributions.
• Personalized: contribute an amount that fits your personal budget.
• Tax-friendly: contributions may lower your taxable income for immediate tax savings.

Maximum Contributions

The maximum you and your employer may contribute to PEPP in a calendar year is 18 per cent of your salary, up to a dollar maximum. Excess contributions will be refunded.

Transferring Money into PEPP

All PEPP members, including Variable Pension Benefit (VPB) and Lifetime Pension  members, may transfer money from other registered retirement plans into their PEPP/VPB account.

Once funds are transferred into PEPP, they cannot be accessed while you are still actively employed with a PEPP employer.

Transfers to PEPP can be done directly from:

• a Registered Retirement Savings Plan (RRSP);
• a Locked-in Retirement Account (LIRA); or
• another Registered Pension Plan (RPP).

Contact Us if you have questions or need help getting started.