Description |
Category 1 |
Category 2 |
|
Employee eligibility |
All employees of an Aboriginal employer whose membership application has been accepted by the Retirement Committee. Upon membership, its optional for the employer determines eligible categories. |
All employees of an Aboriginal employer whose membership application has been accepted by the Retirement Committee. Upon membership, its optional for the employee and the employer determines eligible categories |
|
Cost to the employee |
6.25 % of basic gross salary |
8.5 % of basic gross salary |
|
Cost to the employee |
4.6 % of basic gross salary |
6.8 % of basic gross salary |
|
Employer Cost |
1.82 time the employee contribution |
1.82 time the employee contribution |
|
Retirement |
63 years of age |
60 years of age |
|
Early retirement |
10 years before retirement age without reduction |
10 years before retirement age without reduction |
|
Pension calculation |
1.875 % |
2 % |
|
Pension Calculation |
1.875 % |
2 % |
|
Surviving spouse's |
60 % of the pension accumulated at the time of death of the member |
60 % of the pension accumulated at the time of death of the member |
For more information, please contact us.