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Tax Reporting and Pension Adjustments |
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Like most procedures described in this manual section, the calculation and
reporting of a members Pension Adjustment is an iterative interaction between
OPTrust and the employer.
- The employer will calculate the member’s regular current service PA
- The PA, along with the annual contribution amount must be reported on the
members T4 and distributed to the member by the end of February in the year
following the benefit accrual
- Report PA to CRA by February 28
- Report PA to OPTrust using the standard text file format by March 31.
Once the file has been received from the employer the OPTrust will update the
member PA to the OPTrust database.
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Note:
The reporting of the Pension Adjustment to the OPTrust for
the Ontario Public Service is handled centrally by the Shared Services Bureau. Each individual
ministry need not submit this information for their member.
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Revised January 2010
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