Employer Education Guide - Contributions

Contributions - Calculating and Remittances

 These sessions focus on contributions as they are deducted from members and remitted to the Plan according to the appropriate rates and calculation guidelines, within the required deadlines. 


Pensionable Earnings, Service, Contributions and Pension Adjustments

Date: November 22, 2018

Download the slides (PDF)

This session covers what earnings are considered pensionable and reviews the calculation methodology for pensionable service, contributions and pension adjustments. We will also be reviewing DBplus pensionable earnings, contributions, pension adjustments and some DBplus specific processes.

Areas of responsibility:
This session is recommended for staff who administer Payroll, DCT, Leaves, Terminations, Retirements or Deaths.

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Pensionable Service, Earnings, Contributions, Pension Adjustments and the new Retirement smart form

Date: November 9, 2017

Download the slides (PDF)

This session covers what earnings are considered pensionable and reviews the calculation methodology for pensionable service, contributions and pension adjustments.

The session will provide an overview of the monthly contribution remittance process. We will also be rolling out the new retirement smart form process.

Areas of responsibility: Payroll, DCT, Leaves, Terminations, Retirements or Deaths

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Earnings, Service, Contributions, and Pension Adjustments

Date: November 3, 2016

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Watch the recorded session


Pensionable Earnings, Contributions, Service and Pension Adjustments

Date: November 12, 2015

Download the slides used in this session (PDF)

Watch the recorded session


Pensionable Earnings, Service, Contributions and PAs

Date: November 4, 2014

This session covered what earnings are considered pensionable and reviewed the calculation methodology for pensionable service, contributions and pension adjustments. An update to the calculation of Pension Adjustments that will go into effect for in 2015 was also provided.

Areas of responsibility: Payroll, DCT, Leaves, TRDs

Download the slides used in this session (PDF)

Watch the recorded session


 

Part-time service and annualization

Date: June 27, 2013

This session reviewed the calculation of Pensionable Service of contributions based on the annualization methodology for OTRFT Members, and provided a live demo of the new OTRFT calculators.

Areas of responsibility: Payroll, DCT

Download the slides used in this session (PDF)

Watch the recorded session


 

Full-time service and annualization

Date: April 11, 2013

This session provided step-by-step instructions on how to use the new Pensionable Service calculator to calculate service for new hires, terminated members and members who go on leave. The webinar also featured a new annualization spreadsheet which allows you to calculate the contributions for members based on your payroll periods.

Areas of responsibility: Payroll, DCT

Download the slides used in this session (PDF)

Watch the recorded session


 

Areas of responsibility at a glance

 

 

Hires

Leaves

Service
Purchases

TRDs

Payroll

DCT

Contribution
Remittances

Earnings, Service, Contributions, PAs
(Nov 2015)

Required

 

 

 

Optional

 

 

 

 

 

 

 

Earnings, Service, Contributions, PAs
(Nov 2014)

Required

 

 

 

Optional

 

 

 

 

 

 

 

 

 

             

OTRFT Service & Annualization
(June 2013
)

Required

 

 

 

 

 

Optional

 

 

 

 

 

 

 

 

 

             

FT Service & Annualization
(April 2013
)

Required

 

 

 

 

 

Optional

 

 

 

 

 

 

 

 

 

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