|
|
 |
Under the Employment Standards Act, members and employers are required
to make contributions while the member is on pregnancy, parental or adoption
leave, unless the member elects in writing not to make contributions to
the Plan.
The member’s choice to contribute during the leave or not should be indicated on
Option to Make Pension Contributions (OPTrust 1025) form. This form must be
completed by the member and employer and submitted to OPTrust before the start
of the leave, whether or not the member elects to contribute during the leave.
If the member decides to continue contributing during the leave, the costs for
both the member and the employer equal the contribution amounts that would have
been paid had the leave not taken place. These costs are calculated using the
same formulas as the buyback costs for
non-contributory service with an employer that contributes to the Plan.If the member will be receiving Supplementary Unemployment Benefit (SUB)
Allowance during the leave, he or she has the option of having pension
contributions deducted from the SUB payments. This option should be indicated on
the OPTrust 1025 form prior to the start of the leave.
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
Important!
If the member does not complete a written election
not to contribute prior to the leave, the employer must remit both the member’s
and the employer’s contributions to the Plan.
|
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
Revised September 3, 2004
|
 |
|