Wednesday, 14 September 2011

Support Staff: PSPP Contribution Rate Increase

Effective January 1, 2012 contribution rates for the Public Service Pension Plan (PSPP) will increase for both employees and employers. The new rates are outlined in the table below.

Current Contribution RatesContribution Rates
Effective January 1, 2012
Up to YMPE: 9.10%Up tp YMPE: 9.90%
Over YMPE 13.00%Over YMPE: 14.14%
YMPE is the Year's Maximum Pensionable Earnings under the Canada Pension Plan (2011 YMPE = $48, 300) 2012 to be determined.

For more information about new rates please visit the Public Service Pension Plan (PSPP) website news release.