C
copper
Guest
I have noted that our pension deductions for the months of Oct, Nov and Dec double, this has also occurred in previous years. The rest of the year the deductions stay constant, when UI and CPP premiums are maxed out in about Oct the pension deductions rise 100%... I was to understand that your pension deduction was a % of your gross salary to be divided by 12 months and taken from your pay in equal installments.
When I queried the Pay Office I was told that "Simply, you are buying more pension credits which will come back to you in the end so don't worry about it"... But now looking at information on pensions, our pension is based on your best 5yrs salary, a % of that. Therefore buying more pension credits really doesn't apply.?.
Also I just read an article in the paper where the pensioners of CBC have the administrators of their pension plan before the Supreme Court for over charging creating a surplus which was directed away from the intended recipients.
The Pension Act and related articles are written by lawyers for lawyers, Anyone got a handle on this??? ???
When I queried the Pay Office I was told that "Simply, you are buying more pension credits which will come back to you in the end so don't worry about it"... But now looking at information on pensions, our pension is based on your best 5yrs salary, a % of that. Therefore buying more pension credits really doesn't apply.?.
Also I just read an article in the paper where the pensioners of CBC have the administrators of their pension plan before the Supreme Court for over charging creating a surplus which was directed away from the intended recipients.
The Pension Act and related articles are written by lawyers for lawyers, Anyone got a handle on this??? ???