Contribution Rates

Contributions to the SRP are made only on annual pensionable salary that exceeds the salary cap. As a member who makes more than the salary cap, you contribute to the SRP fund at the same member contribution rate as you do for MEPP. Your employer matches your SRP contribution and makes additional contributions toward funding the SRP based on actuarial valuations.

MEPP and SRP Contribution Rates

Contribution rates increased January 1, 2011. See the Contribution Rate Increase 2011 page for more information. The increase was approved by the Government of Alberta based on recommendations contained in the most recent actuarial valuation (as at December 31, 2009).

Total contribution rates for members and employers of the Management Employees Pension Plan (MEPP) increased 1.8 per cent. Contribution rates for members increased 0.66 per cent. Employer contribution rates increased 1.14 per cent. Contribution rates for members and employers of the Supplementary Retirement Plan (SRP) increased 0.66 per cent.

The rates are laid out in the table below: