Actuarial Science 1021A/B Lecture 7: Module 2 Sept 24th, 2014
9 Dec 2015
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What would be min monthly payments for age 69,70,71? (interest= 4%) Minimum annual withdrawal at 69: 1/(90-69) = 0. 0476 0. 0476. Low cost to employer due to good tax treatment. Good rpp can help recruit and retain workers. 38. 4% of workers covered by rpp in canada. A registered plans allows tax deductible contributions for employer and employee. Employer must comply with rules of each individual province. You do not need to provide a rpp for employees. Plan does not have to cover all employees. Part time employees should be eligible (must earn greater than 35% of ympe[yearly maximum pensionable earnings] for 2 consecutive years) Larger employer 1 plan for salaried workers, another for hourly (unionized) third for executives. Multi-employer plans covering employees of a group of unrelated employers. Nra is an age specified in the rpp at which employer has right to retire on a full unreduced pension.
