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1.
How much does my employer contribute to the Plan?
Your employer contributes a fixed hourly rate for each
eligible hour you work, as set out in the Collective
Agreements.
2.
Am I required to contribute to the Plan?
No.
3.
May I make additional contributions to the Plan?
No. The Plan will not acUnifort voluntary contributions from
you.
4. Do
my contributions earn interest?
Yes. Interest is credited to your accounts at a rate equal
to the rate the fund earns, less the costs of running the
Plan.
5. Are
contributions deductible?
Contributions are deductible. Each year a "pension
adjustment" (PA) under this Plan is calculated for income
tax purposes. The PA will use up part of your RRSP
contribution room. The PA each year is equal to the total of
all contributions made to the Plan in your name. It is
reported on your T4 slip provided by your Employer.
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