You and your employer make contributions to the Plan based on a percentage of your pensionable earnings. The contribution rates are recommended by the Plan actuary and are subject to change.

Member contributions are automatically deducted from each pay you receive during the year. As of January 1, 2016, contributions are not calculated on overtime earnings. The percentage you and your employer pay are based on the Canada Pension Plan’s Yearly Maximum Pensionable Earnings (YMPE).




Effective January 1, 2016 the member contribution rate* was set as follows:



* The contribution rate for Plan Members who were 25 years old or younger before January 1, 1977 is 7.8% of Pensionable Earnings up to the YMPE plus 12.1% of Pensionable Earnings above the YMPE.  


Example Calculation:


                              2019 Pensionable Earnings = $59,900

                              2019 YMPE = $57,400


                              8.80% x $57,400 = $5,051.20




                              13.10% x $2,500 ($59,900 less $57,400) = $327.50


                              Total Member Contributions for 2019 = $5,378.70


Member contributions are automatically deducted from each pay you receive throughout the year. 


Tax Deductibility of Contributions

Your contributions to the Civic Plan are tax deductible.  Also, you do not pay tax on the contributions your employer pays on your behalf.  Each year your pension contributions and your pension adjustment (PA) are reported on your T4 slip by your employer.  Your PA is used to determine the maximum amount you can contribute to your Registered Retirement Savings Plan (RRSP).  The Canada Revenue Agency uses your earnings, pension adjustment, and RRSP contribution information to advise you each year of the maximum RRSP contribution you can make.



Voluntary Contributions

You may make voluntary contributions to the Plan in order to increase your post January 1, 1966 base salary pension factor from 1.35% to 2.00%.


If you wish to make voluntary contribtions to the Plan you must notify Möbius Benefit Administrators Inc.  The cost to increase the pension factor is acturaially calculated and is the responsibility of the Plan member.  Your employer does not match these contributions.


It is important to note that making voluntary contributions can affect the reporting of Pension Adjustments for tax purposes and may reduce the amount you will be able to contribute to your Registered Retirement Savings Plan (RRSP).