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Pension Plans

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Pension Plans
  All DE MD ND NU OP PH PS SW VM
  #Est. #Inc. #Est. #Inc.#Est. #Inc. #Est. #Inc. #Est. #Inc. #Est. #Inc. #Est. #Inc. #Est. #Inc. #Est. #Inc. #Est. #Inc.
Total 841 129,311 * * 32 321 532 2,194 816 107,470 611 8,674 468 2,978 352 1,603 573 6,046 * *

Plan offered

Yes 830 129,206 * * 32 321 532 2,194 806 107,450 607 8,594 468 2,978 349 1,599 573 6,046 * *
No 11 104 - - - - - - 11 20 * * - - * * - - - -

Participation of eligible employees

Compulsory 812 129,139 * * 32 321 532 2,194 787 107,383 607 8,594 468 2,978 349 1,599 573 6,046 * *
Voluntary 26 67 - - - - - - 26 67 - - - - - - - - - -

Type of plan

A defined contribution plan 45 593 - - * * 13 8 44 385 * * - - - - 8 192 * *
A defined benefit plan 774 128,582 * * 31 317 519 2,186 751 107,033 606 8,591 468 2,978 349 1,599 564 5,855 * *
A hybrid/combination plan - - - - - - - - - - - - - - - - - - - -
Other type of plan 11 32 - - - - - - 11 32 - - - - - - - - - -

Defined Contribution Plan
  All DE MD ND NU OP PH PS SW VM
  #Est. #Inc. #Est. #Inc. #Est. #Inc. #Est. #Inc. #Est. #Inc. #Est. #Inc. #Est. #Inc. #Est. #Inc. #Est. #Inc. #Est. #Inc.

Defined contribution plan - Waiting period

Waiting period is service related 46 264 - - - - * * 46 262 - - - - - - - - - -
No waiting period 9 361 - - * * 7 6 8 155 * * - - - - 8 192 * *

Waiting period - Number of months
0 to 3 13 72 - - - - * * 13 71 - - - - - - - - - -
6 22 148 - - - - - - 22 148 - - - - - - - - - -
12 11 32 - - - - - - 11 32 - - - - - - - - - -
26 7 12 - - - - - - 7 12 - - - - - - - - - -

Defined contribution plan - Integration with CPP/QPP

Contributions are integrated 9 373 - - * * - - 8 179 * * - - - - * * * *
Contributions are stacked 46 252 - - - - 13 8 46 238 - - - - - - 7 6 - -

Defined contribution plan - Employer's contribution

Percentage of annual earnings 39 585 - - * * 7 6 38 379 * * - - - - 8 192 * *
No contribution - - - - - - - - - - - - - - - - - - - -
Other formula 17 39 - - - - * * 17 38 - - - - - - - - - -

Employer's contribution - Percentage of annual gains

1.50% 7 77 - - - - - - 7 77 - - - - - - - - - -
4% 22 148 - - - - - - 22 148 - - - - - - - - - -
5% to 5.95% 13 72 - - - - 13 8 13 59 - - - - - - 7 6 - -
6% to 7% * * - - * * - - * * * * - - - - * * * *

Defined contribution plan - Employee's contribution

Percentage of annual earnings 39 585 - - * * 7 6 38 379 * * - - - - 8 192 * *
No contribution - - - - - - - - - - - - - - - - - - - -
Other formula 17 39 - - - - * * 17 38 - - - - - - - - - -

Employee's contribution - Percentage of annual gains

1.50% 7 77 - - - - - - 7 77 - - - - - - - - - -
4% 22 148 - - - - - - 22 148 - - - - - - - - - -
5% to 5.95% 14 73 - - - - 13 8 13 59 - - - - - - 7 6 * *
6% to 7% * * - - * * - - * * * * - - - - * * - -

Defined contribution plan - Rate of employee's contribution below the YBE

Integrated plan, contribution is the same as for earning between YBE and YMPE 9 308 - - * * - - 8 114 * * - - - - * * * *
Integrated plan, same as earnings over the YMPE - - - - - - - - - - - - - - - - - - - -
Contributions are stacked 30 212 - - - - 7 6 30 201 - - - - - - 7 6 - -
Other formula 24 104 - - - - * * 24 102 - - - - - - - - - -

Defined contribution plan - Plan provisions for full vesting

Immediate vesting 15 124 - - - - - - 15 124 - - - - - - - - - -
Minimum service required 30 469 - - * * 13 8 29 261 * * - - - - 8 192 * *
Graduated or partial vesting formula in place 11 32 - - - - - - 11 32 - - - - - - - - - -

Minimum years of service required for full vesting

1 * * - - * * - - * * * * - - - - * * * *
2 28 173 - - - - 13 8 28 159 - - - - - - 7 6 - -

Defined contribution plan - Normal retirement age

Age 17 426 - - * * 7 6 16 220 * * - - - - 8 192 * *
Not specified 39 199 - - - - * * 39 197 - - - - - - - - - -

Normal retirement age

65 17 426 - - * * 7 6 16 220 * * - - - - 8 192 * *

Defined contribution plan - Benefit payable upon the death of an employee before retirement

Return of employee and employer contributions with interest 48 494 - - * * * * 47 299 * * - - - - * * - -
Return of employee contributions with interest * * - - - - - - - - - - - - - - - - * *
Other policy 15 130 - - - - 7 6 15 118 - - - - - - 7 6 - -

Defined Benefit Plan
  All DE MD ND NU OP PH PS SW VM
  #Est. #Inc. #Est. #Inc. #Est. #Inc. #Est. #Inc. #Est. #Inc. #Est. #Inc. #Est. #Inc. #Est. #Inc. #Est. #Inc. #Est. #Inc.

Defined benefit plan - Employee eligibility

All employees 774 128,582 * * 31 317 519 2,186 751 107,033 606 8,591 468 2,978 349 1,599 564 5,855 * *
Employees earning more than the YMPE only - - - - - - - - - - - - - - - - - - - -
Do not have a defined benefit plan 56 624 - - * * 13 8 55 417 * * - - - - 8 192 * *

Defined benefit plan - Waiting period

Fixed waiting period 87 11,111 - - 7 60 49 175 87 9,469 65 815 43 194 22 63 64 335 - -
Other 6 25 - - - - * * 6 24 - - - - - - - - - -
No waiting period 682 117,446 * * 24 257 464 2,009 658 97,541 541 7,776 425 2,784 327 1,536 500 5,519 * *

Waiting period - Number of months

3 87 11,111 - - 7 60 49 175 87 9,469 65 815 43 194 22 63 64 335 - -

Defined benefit plan - Employer's normal contribution
Uniform percentage of annual earnings 366 36,753 - - 7 60 182 735 269 27,609 247 3,687 135 928 200 1,136 224 2,599 - -
No contribution * * - - - - - - * * - - - - - - - - - -
Other formula (including variable percentage contribution for integrated plan) 509 91,723 * * 24 257 337 1,451 490 79,318 359 4,904 333 2,050 149 463 341 3,256 * *

Employer's contribution - Percentage of annual gains

6.69% 265 32,910 - - - - 120 540 251 25,598 169 2,752 92 734 172 1,068 147 2,218 - -

Employer's contribution - Other formula (including variable percentage contribution for integrated plan)

1.12 times employee contribution 61 5,277 - - - - 61 116 61 4,508 61 233 61 141 - - 61 278 - -
1.26 times employee contribution 204 42,779 - - 6 23 146 567 199 36,981 163 2,342 160 1,128 60 163 151 1,575 - -
1.4 times employee contribution 6 1,705 - - - - 6 12 6 1,537 6 46 6 41 - - 6 70 - -
5.185% up to the YMPE - 6.61% exceeding YMPE 18 6,999 - - - - 18 122 16 6,304 18 321 14 128 12 62 * * - -
5.95% up to YMPE - 7.95% exceeding YMPE 6 25 - - - - * * 6 23 - - - - - - - - - -
6.5% up to YMPE - 9.6% exceeding YMPE 17 425 - - - - 17 99 9 259 9 37 - - - - 9 31 - -
6.8% up to YMPE - 8.4% exceeding YMPE 9 8,410 - - - - 9 181 * * 9 711 * * - - 9 251 - -
7.24% up to YMPE - 9.24% exceeding YMPE 38 6,209 - - - - 30 114 38 5,206 27 395 27 144 23 88 38 263 - -
7.5632% up to YMPE - 9.78% exceeding YMPE 14 208 - - 13 172 * * - - * * - - * * - - - -
7.75% up to YMPE - 10.64% exceeding YMPE 59 8,440 * * - - 41 209 59 6,694 59 668 59 424 48 81 59 360 - -
Varies based on yearly calculation. Almost a 50/50 split. 87 9,461 - - - - - - 87 9,461 - - - - - - - - - -
Other 13 1,787 - - 6 62 * * 7 1,082 8 118 * * 6 68 6 365 * *

Defined benefit plan - Contributory or non-contributory plan

Contributory plan 774 128,582 * * 31 317 519 2,186 751 107,033 606 8,591 468 2,978 349 1,599 564 5,855 * *
Non-contributory plan - - - - - - - - - - - - - - - - - - - -

Defined benefit plan - Employee's rate of contribution

Percentage of salary 352 44,021 - - 7 60 169 715 338 35,067 234 3,567 135 928 194 1,131 211 2,553 - -
Other 422 84,561 * * 24 257 350 1,471 413 71,966 372 5,024 333 2,050 155 468 353 3,301 * *

Employee's contributions - Percentage of salary

6.40% 265 32,910 - - - - 120 540 251 25,598 169 2,752 92 734 172 1,068 147 2,218 - -
6.50% * * - - - - - - * * - - - - - - - - - -
6.99% 79 1,650 - - 7 60 49 175 9 8 65 815 43 194 22 63 64 335 - -

Employee's contributions - Other

5.185% up to the YMPE - 6.61% exceeding YMPE 18 6,999 - - - - 18 122 16 6,304 18 321 14 128 12 62 * * - -
5.3% up to YMPE - 7% exceeding YMPE 6 25 - - - - * * 6 24 - - - - - - - - - -
5.8% up to YMPE - 7.5% exceeding YMPE 14 208 - - 13 172 * * - - * * - - * * - - - -
5.85% up to YMPE - 7.35% exceeding YMPE 61 5,277 - - - - 61 116 61 4,508 61 233 61 141 - - 61 278 - -
5.95% up to YMPE - 7.95% exceeding YMPE 6 25 - - - - * * 6 23 - - - - - - - - - -
6.5% up to YMPE - 9.6% exceeding YMPE 17 425 - - - - 17 99 9 259 9 37 - - - - 9 31 - -
6.75% up to YMPE - 9.64% exceeding YMPE 59 8,440 * * - - 41 209 59 6,694 59 668 59 424 48 81 59 360 - -
6.8% up to YMPE - 8.4% exceeding YMPE 10 8,860 - - - - 9 181 9 7,696 9 711 * * * * 9 251 - -
6.9% up to YMPE - 9.2% exceeding YMPE 204 46,325 - - 6 23 158 597 204 40,171 181 2,509 166 1,168 66 168 169 1,689 - -
7.24% up to YMPE - 9.24% exceeding YMPE 38 6,209 - - - - 30 114 38 5,206 27 395 27 144 23 88 38 263 - -
Other 12 1,769 - - 6 62 * * 7 1,082 8 118 * * 5 50 6 365 * *

Defined benefit plan - Integration with CPP/QPP

Both contributions and benefits are integrated (benefits only in non-contributory plans) 634 95,867 * * 19 234 346 1,543 603 80,176 410 5,967 311 2,299 288 1,391 370 4,247 * *
Contributions only are integrated, benefits are stacked * * - - - - - - - - - - - - - - - - * *
Benefits only are integrated, contributions are stacked 32 2,767 - - - - 31 25 32 1,978 32 195 31 99 31 99 32 370 - -
Contributions and benefits are stacked 204 29,935 - - 12 83 142 618 131 24,879 164 2,429 126 580 30 109 163 1,237 - -

Defined benefit plan - Policy with regards to early retirement and integration with CPP/QPP benefits

Benefits are off-set with CPP/QPP when pension becomes available 154 16,381 - - * * 61 81 144 14,804 67 595 61 212 45 118 60 530 - -
Benefits are off-set upon receipt of CPP/QPP benefits 30 3,683 - - - - 24 196 28 2,586 16 588 12 46 - - 10 268 - -
Benefits are off-set at age 65 371 50,362 - - 16 192 194 873 340 39,977 248 3,959 155 1,190 219 1,245 221 2,926 - -
Other formula 35 11,797 - - * * 18 173 35 10,769 12 266 11 209 7 46 12 326 * *
Benefits are not integrated 287 46,358 * * 12 83 223 863 214 38,897 262 3,183 228 1,322 78 190 261 1,804 * *

Defined benefit plan -Interest paid on refunded contributions

As a percentage 21 740 - - * * 17 57 11 316 10 147 8 74 9 26 9 118 - -
Rate varies annually based on investment experience of the fund 641 110,953 * * 20 231 397 1,843 619 93,302 479 7,167 359 2,502 274 1,325 434 4,566 * *
Other 158 16,889 - - 9 84 105 286 128 13,415 119 1,277 102 402 66 247 122 1,170 * *

Rate of interest paid on refunded contributions

0% 14 522 - - - - 14 54 9 259 6 99 6 46 6 6 6 58 - -
2.45% to 2.90% * * - - * * - - - - - - - - * * - - - -
4% to 5% * * - - * * - - * * * * - - - - * * - -

Rate of interest paid on refunded contributions - Other

As prescribed by pension legislation 35 2,967 - - * * 20 74 10 1,998 17 220 23 98 13 85 22 460 * *
Based on investment return on the fund at the time of retirement 5 80 - - - - 5 11 - - 5 51 5 11 - - 5 6 - -
Employee is vested after 2 years otherwise interest rate will vary 87 9,461 - - - - - - 87 9,461 - - - - - - - - - -
Not Applicable 14 2,017 - - - - 14 20 14 1,435 14 142 14 74 14 74 14 271 - -
Not applicable 17 715 - - - - 17 5 17 513 17 49 17 25 17 25 17 99 - -

Defined benefit plan - Benefit formula of the plan

A unit benefit formula 742 125,236 * * 30 294 487 2,160 710 104,509 574 8,394 436 2,878 317 1,494 533 5,485 * *
A flat benefit formula 9 259 - - - - - - 9 259 - - - - - - - - - -
A combined unit and flat benefit formula 32 3,087 - - * * 32 26 32 2,266 32 197 32 100 32 105 31 369 - -

Unit benefit formula

Final average earnings 33 873 - - 13 172 15 41 11 627 * * - - * * - - - -
Average best earnings 444 57,441 - - 13 122 241 974 403 45,895 310 4,348 200 1,277 247 1,359 271 3,458 * *
Other 343 70,008 * * 6 23 263 1,171 335 60,252 297 4,211 269 1,701 101 237 295 2,396 * *
N/A - - - - - - - - - - - - - - - - - - - -

Unit benefit formula - Final average earnings - Number of years

2 9 37 - - - - 9 37 - - - - - - - - - - - -
5 24 836 - - 13 172 * * 11 627 * * - - * * - - - -

Unit benefit formula - Average best earnings - Number of years

0 to 3 15 17 - - * * - - 15 15 * * - - - - - - - -
5 443 57,422 - - 10 119 241 974 402 45,880 309 4,347 200 1,277 247 1,359 271 3,458 * *

Unit benefit formula - Percentage of earnings used to calculate benefits

1.50% 5 603 - - - - - - 5 603 - - - - - - - - - -
2% 459 57,712 - - 25 294 256 1,015 409 45,919 311 4,380 200 1,277 248 1,361 271 3,458 * *

Unit benefit formula - Other

1.4 % of annualized pensionable earnings up to the YMPE PLUS 2% in excess of the YMPE 103 13,535 * * - - 70 304 102 10,917 81 1,021 75 532 64 155 92 590 * *
1.5% of earnings up to YMPE, plus 2% earnings exceeding YMPE X years of pensionable service 168 40,877 - - 6 23 121 545 162 35,813 144 2,186 129 983 35 69 132 1,258 - -
2%, multiplied by the highest average contributory earnings, multiplied by credited service to Dec 31, 1989, plus 1.65% of highest average base contributory earnings, plus 2% of highest average excess contributory earnings, multiplied by credited service between Jan 1, 1990 and Dec 31, 2000 61 5,277 - - - - 61 116 61 4,508 61 233 61 141 - - 61 278 - -
Based on the best 5 years in the last eleven: 1.4% of annualized pensionable earnings up to the YMPE PLUS 2% in excess of the YMPE 10 9,002 - - - - 10 206 9 7,696 10 772 5 45 * * 10 270 - -
Other * * - - - - - - * * - - - - - - - - - -

Defined benefit plan - Flat benefit formula

Monthly flat benefit per year of service - - - - - - - - - - - - - - - - - - - -
Varies 88 9,816 - - * * * * 88 9,779 * * * * * * - - - -
Do not have a flat benefit plan 676 108,115 * * 23 234 458 1,804 654 89,551 529 6,998 419 2,739 324 1,517 490 5,249 * *

Flat benefit formula - Varies

2% of the best 5 year average pensionable earnings 72 9,136 - - - - 38 120 72 7,812 54 705 33 151 18 59 51 289 - -
Other * * - - * * * * * * * * * * * * - - - -

Defined benefit plan - Minimum number of years of service required to receive a full pension

Number of years 574 90,489 * * 7 24 277 1,566 537 75,126 350 6,172 246 2,127 263 1,306 327 4,151 * *
No maximum specified 246 33,623 - - 18 233 193 445 228 29,078 191 1,605 179 657 64 230 174 1,368 * *

Minimum number of years required to receive full pension
2 23 8,640 - - - - 6 198 20 7,364 8 716 * * * * 8 290 - -
10 72 9,199 - - 5 58 38 120 72 7,817 54 705 33 151 18 59 51 289 - -
22 5 542 - - - - 5 8 5 432 5 77 * * - - 5 22 - -
30 76 23,363 - - 6 23 56 423 65 19,865 67 1,479 57 740 17 39 57 794 - -
35 399 50,133 * * * * 211 938 375 39,654 270 3,900 184 1,342 243 1,236 258 3,046 * *

Defined benefit plan - Number of years before pension credits are vested

Immediate vesting 14 341 - - - - 14 43 14 265 5 6 5 6 - - 5 23 - -
Number of Years 766 123,771 * * 24 257 456 1,968 731 103,940 536 7,771 420 2,779 327 1,536 495 5,496 * *
Age/service combination - - - - - - - - - - - - - - - - - - - -

Vesting - Number of years

2 739 117,922 * * 15 141 469 1,963 709 97,617 570 8,122 439 2,801 333 1,532 542 5,722 * *
3 6 25 - - - - * * 6 24 - - - - - - - - - -
5 21 7,211 - - 15 174 19 124 17 6,305 20 354 14 128 13 64 * * - -

Earliest age for a non-reduced pension

0 62 5,926 - - * * 62 119 62 4,918 62 255 61 141 * * 62 455 * *
35 59 1,745 * * - - 41 209 - - 59 668 59 424 48 81 59 360 - -
50 21 4,452 - - - - - - 21 4,324 - - - - - - * * - -
55 232 32,300 - - 14 106 114 564 213 27,392 127 2,384 90 496 51 190 126 1,155 * *
60 500 81,077 - - 15 208 291 1,239 469 67,576 347 5,174 248 1,874 246 1,296 303 3,709 - -

Defined benefit plan - Employees obliged to retire at the normal retirement age

Yes 36 1,016 - - - - 24 84 18 697 24 134 23 42 - - 19 59 - -
No, employees may continue participation in plan past the normal retirement age 295 43,560 * * * * 180 618 283 37,697 199 2,043 191 1,114 87 232 197 1,791 * *
No, employees may continue to work but pension credits not earned 490 79,535 - - 21 215 266 1,309 444 65,811 318 5,599 211 1,628 240 1,304 284 3,669 - -

Normal retirement age

65 36 1,016 - - - - 24 84 18 697 24 134 23 42 - - 19 59 - -

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