Required contributions

You and your employer share the cost of providing your Plan benefits. As a Plan member, you are required to contribute:

Here are two examples of how required contributions are calculated:

Example 1 (Required contributions on pensionable earnings of $25,000)

Example 2 (Required contributions on pensionable earnings of $50,000)

For details on how required contribution rates are set, refer to page 7 of the employee information booklet.

Your required contributions, which are tax deductible, will be deducted from your pre-tax pensionable earnings each pay. You will receive the benefit of the tax deduction each pay period, instead of having to wait until you file your annual income tax return.

All required contributions are deposited in the NSAHO Pension Plan Trust Fund. This is a Special Purpose Trust that can be used to pay only:

• the pension benefits earned by members, and
• the operating expenses of the Plan.

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