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Eligibility, contributions, and definitions, Consult the CFPMP website www.forces.gc.ca/hr/dgcb, Beginning 1 March 07, contact DAPPP/Pension, Provides a benefit based on set formulas (defined, Reserve Force members join Part I after working, Service from April 1999 can be used towards, Contributions to Part I will continue until, A fixed percentage of pensionable earnings, Reduces to 1 of pensionable earnings when member, Pensionable earnings include basic pay and, Days of service in the Regular Force for which, Days of service in the Reserve Force for which, Days of training or duty of less than 6 hours, Periods before April 1, 1999 (when duration of, During maternity and parental leaves, days of CF, Any period for which the member has elected to, Authorized periods of maternity and parental, Vesting is the right of a plan member to receive, A deferred annuity that may be converted to an, Vesting occurs after 2 years of pensionable. 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A lump-sum amount, expressed in todays dollars, Not entitled to an immediate annuity, and, Do not have any earnings for a 12-month period, At death of vested member or pensioner, his or, Spouse receives a survivor lifetime pension, 1 X pensionable service X best average earnings, Dependent children receive a child annual, Payable to age 18 or age 25 during periods of, With 10 or more years of pensionable service and, If no longer a contributor and eligible for a, Annual increases for inflation indexing for CPI, For annuity and annual allowance, indexing begins, Age 55 or older, if age plus full years of, For survivor and child annual allowance and, At death, minimum guarantee of 5 years of annuity, A pro-rata adjustment is applied to the pension, All calendar years during which member worked, If member opted to pay for less than the full, Prior Reserve Force periods (no retroactivity, Other eligible periods of service (same as, Later of 1 year after notice of opportunity and 3, Paid by lump sum or life-insured instalments by, Cost of electing pensionable earnings for any, The members total cost is sum of the costs for, The member can elect to pay part of the full cost, Service counts in full but pensionable earnings, The member cannot revisit the partial payment, Members cost to buy back 2003 pensionable, Once you have earnings in the Reserve Force, your, The Reserve Force Retirement Gratuity has been, RFRG is now similar to a severance pay plan, Benefits will be calculated on actual periods of, These changes will be effective when the Reserve, Calculation for periods before March 1, 2007 will, This presentation provides an overview of the. - Title: PowerPoint Presentation Last modified by: User Created Date: 1/1/1601 12:00:00 AM Document presentation format: Overhead Other titles: Times New Roman Comic ... 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