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Overview of Canada Pension Plan Changes

February 16th 2012, 8:30 am to 10:30 am The Atlantic Host
Chapter:	North-East
Language:	English

Cost:

Members - $20.00
Non Members - $25.00
(CDN, HST included)

Presenters:
Monique Rousseau, Consultant Canada Pension Plan Specialized Mobile Outreach Services Atlantic Region
Description:
Monique shall present an overview of the various changes that have already come in to effect as of January 1, 2012 regarding CPP, as well as future changes which will be introduced up to 2016. What’s new? Here’s an overview of the CPP changes: Individuals retiring before the age 65 will not have to stop working to begin receiving the CPP retirement pension. The new Post-Retirement Benefit came into effect on January 1, 2012, which means that: - If your members are under age 65 and working while receiving their CPP retirement pensions, both the members and their employers will have to make CPP contributions (these contributions will go toward the new Post-Retirement Benefit, which will be added to the members’ CPP retirement pensions). - If your members are at least 65 but under 70 and working while receiving their CPP retirement pensions, they will make CPP contributions that will go toward the Post-Retirement Benefit unless they elect not to contribute. The monthly CPP retirement pension amount will increase by a larger percentage if taken after age 65. The monthly CPP retirement pension amount will decrease by a larger percentage if taken before age 65. The number of years of low or zero earnings that are automatically dropped from the calculation of the CPP retirement pension will increase. Note: These changes do not apply to the Quebec Pension Plan.