September 2018

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LTD policy validation window Oct 1-31

It’s almost time – validate your group disability plan information by October 31

Use the LTD Policy Validation tool to validate your approved group disability plan information. The validation window is open October 1 – 31.

Why it’s important

When you have an LTD policy approved for pension purposes, your employees who are plan members are credited with pensionable and contributory service. No contributions are required from you or your employees.

Though submitting an LTD policy for approval is optional, we encourage you to apply to have an LTD policy approved for pension purposes.

Read on for details.


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Age 71 employee deadline

Reminder: November 30 is the last day employees aged 71 are eligible to contribute to the plan

Do you have employees turning 71 this year? There are a few things to consider.

Under the Income Tax Act, an employee must start receiving their pension no later than the end of the year they turn 71. This means if you have an employee who turns 71 this year, they must start collecting their pension no later than December 1 this year. It’s also your responsibility to ensure you don’t collect contributions from such an employee after November 30.

Your employees aged 71 can keep working without interruption, but you must stop collecting pension contributions from them. After you provide their employee information at termination/retirement using the Employee Information at Termination/Retirement (EITR) tool, remember to submit final salaries, service and contributions up to November 30 on your annual/segment Payroll Report.

For example: If you have an employee born in 1947 who turns 71 in 2018, stop collecting contributions for this employee effective November 30, 2018 – even if they turn 71 in December. Your Payroll Report must not include service, salary or contributions for this employee beyond November 30.

When it’s time for your employees to retire, encourage them to visit the plan website for more information about their retirement options and process.

More information


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EPA reporting instructions

T4 tax season time saver – electronic pension adjustment statements

Tax season is hectic. You’ve got T4s to produce, along with your regular payroll reporting duties. So, no need to sort through scads of paper pension adjustments (PAs). Electronic pension adjustments (EPAs) are a real time saver.

When you become an EPA reporter, you can access your PA statements on the secure employer website in File Pick-up.

Benefits of EPA reporting

  • Statements are available in various formats
  • You will receive your EPA file in time to include on your employees’ T4 slips
  • Your PA contact will be advised by email when your EPA file is ready for pickup
  • It’s green

Follow the Electronic Pension Adjustment Reporting instructions to become an EPA reporter.

Here’s what some of your peers have said about EPA reporting:

“Not only does it save us time and money, the process also meets our corporate sustainability commitment to be the BEST, as staff no longer distribute paper copies to over 800 employees.” – Pamela, compensation and benefits manager, City of Kelowna

“I have been doing this for five or more years and can’t imagine not using the electronic PA feature. Give it a try and you will be pleased with your success!” – Muffy, payroll and benefits clerk, School District 85

For more information, contact Employer Operations


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MPP AGM
Oct 11, 2018

Come to the Municipal Pension Plan AGM – October 11, 2018

The Municipal Pension Plan is healthy, sustainable and adapting for the long-term benefit of all your employees who are plan members. This year’s annual general meeting includes the following presentations:

  • Welcome from the chair
  • 2017 financial highlights
  • Post-retirement group benefits review
  • What's ahead

Come to the AGM to learn how the plan is healthy and secure. All members and employers are invited to attend.

What: 2018 Annual General Meeting

When: October 11, 2018
10:00 a.m.–12:00 p.m.

Where: Anvil Centre
First-floor ballroom
777 Columbia Street
New Westminster, BC

We hope to see you there!


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2017 Annual Report

The 2017 Annual Report is here – share the latest on the plan

The Municipal Pension Plan 2017 Annual Report is here, bringing you the latest on plan financial health, governance and services. Read the report on the plan website – then, share the news!

Highlights include:

  • Plan performance through the year
  • Investment highlights
  • Membership profiles and demographics
  • Plan rules and policy changes

Please encourage your employees to visit the plan website, read the annual report and learn more about the plan.


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Payroll Reporting Refresher

Free webinar for a smooth year-end reporting season

Attend the free employer webinar Payroll Reporting Refresher to learn what you need to know to report your payroll. This two-hour online instructor-led course is delivered through GoToMeeting web conferencing. Register early – this workshop fills up quickly!

New to year-end reporting or getting started on this year’s report? Here are a few tips to help make the experience smoother.

Workshop registration

Year-end reporting

  • Consult the Employer Instruction Manual
  • Contact Employer Operations
    • Message Board
    • 250 356-9701 (Victoria) or 1 855 356-9701 (rest of Canada)

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Employer survey

Your voice matters in your employer survey

Your feedback can help us make improvements. It would take about 10 minutes for you to complete the employer survey and let us know what you think of the products and services provided to you as a plan employer.

Who

If you’ve signed in to the secure employer website at some point over the past year, you might be randomly selected to participate in the survey.

When

What happens if you are selected:

  • You can expect to receive an invitation in late September or early October to complete the survey, which runs from July through August.
  • You won’t be asked to complete another survey this year. Selected participants will receive only one survey invitation in a calendar year.

Your feedback, including comments and suggestions, is anonymous and cannot be traced back to you.

Results to date

If you’re curious what your peers have shared, here’s a look at feedback from surveys completed April 2017 - March 2018. Note that “n” below refers to the number of individuals who responded to questions on that topic.

Employer Bulletin
(n=47)

Member
News

(n=47)

Employer Instruction Manual
(n=47)

Employer Newsletter
(n=47)

% very good/good

Well organized and presented

88

95

86

87

Easy to understand

83

90

81

80

Relevant to you and your situation

n/a

n/a

n/a

90

Being delivered to you in a reasonable time

n/a

n/a

n/a

90

% right amount/enough

Amount of detail

94

94

74

96



Legend
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