Both you and your employer contribute to the MSPP. Contribution rates are set out in your Collective Agreement. Employers can contribute at a higher level than members, but not lower.

Employee and employer contribution rates are applied to your applicable wages which are normally your earnings before any deductions are made for Canada Pension Plan (CPP), income tax, Employment Insurance (EI), etc. What’s included as applicable wages is described in each separate collective agreement. Since your contributions to the MSPP are deducted from your gross earnings, they will reduce your taxable income each pay period. In addition, you pay no income tax on the contributions that the employer makes on your behalf.

When you retire or leave the Plan, we will determine if your contributions are worth more than 50% of the value of your pension. If so, we will refund you the excess.