Civil Service Superannuation Board – Pension Benefits

Civil Service Superannuation Board – Pension Benefits

CIVIL SERVICE SUPERANNUATION BOARD PENSION BENEFITS: Can I continue to contribute to my pension while on Maternity Leave? Yes- you must complete an “Election Form to Contribute While on Maternity Leave” form (see link below) and return it to your Pay & Benefits Office. Your contributions will be the same as they would be if you had not been on leave. The cost to purchase is based on your salary as at the date of leave and is calculated on 8% of pensionable earnings up to the Canada Pension Plan Maximum and 9% on any pensionable earnings above the maximum for the period you are on maternity leave. To be eligible you must apply prior to the commencement of your maternity leave. • Election Form to Contribute While on Maternity Leave: http://media.wix.com/ugd/a8e4c9_27caeee2b8d84f6bb8999aa9da6ec39e.pdf Can I continue to contribute to my pension while on Parental Leave? Yes – you must complete an “Election Form to Contribute While on Parental Leave” form (see link below) and return it to your Pay & Benefits Office. Please note that you will be required to contribute both the employee portion and the employer’s portion during Parental Leave. The cost to purchase is based on your salary as at the date of leave and is calculated on 8% of pensionable earnings up to the Canada Pension Plan Maximum and 9% on any pensionable earnings above the maximum PLUS an equal and matching portion for the period you are on parental leave. To be eligible you must apply prior to the commencement of your parental leave. • Election Form to Contribute While on Parental Leave: http://media.wix.com/ugd/a8e4c9_854c806ffbbf49b3bda83d71171d85b6.pdf If I do not contribute to my pension while on leave can I buy back the service? Yes – there are special service buy back options (see link below). Please contact the Civil Service Superannuation Board for more information. • Special Service Buy Back https://www.cssb.mb.ca/purchase-of-service Compensation Services June 2019 .

View Full Text

Details

  • File Type
    pdf
  • Upload Time
    -
  • Content Languages
    English
  • Upload User
    Anonymous/Not logged-in
  • File Pages
    1 Page
  • File Size
    -

Download

Channel Download Status
Express Download Enable

Copyright

We respect the copyrights and intellectual property rights of all users. All uploaded documents are either original works of the uploader or authorized works of the rightful owners.

  • Not to be reproduced or distributed without explicit permission.
  • Not used for commercial purposes outside of approved use cases.
  • Not used to infringe on the rights of the original creators.
  • If you believe any content infringes your copyright, please contact us immediately.

Support

For help with questions, suggestions, or problems, please contact us