Description |
First Nations Public Security Pension Plan |
|
Eligibility |
All employees of an Aboriginal employer whose membership application has been accepted by the Retirement Committee.
|
|
Cost to the employee |
9.5 % of basic gross salary |
|
Cost to the employee |
8 % of gross salary |
|
Cost to the employer |
2 time the employee contribution |
|
Retirement |
Age 60
|
|
Early retirement |
10 years before retirement age without reduction |
|
Pension calculation |
2 % (3 years) |
|
Pension calculation |
2 % (3 years) |
|
Surviving spouse's |
66 2/3 % of the pension accumulated at the time of death of the member |
For more information, please contact us.