Contribution Rates
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:
|
MEPP Contribution Rates |
Members |
11.16% |
Employers |
19.14% |
Total Contributions |
30.30% |
|
SRP Contribution Rates |
Members |
11.16% |
Employers |
11.16% |
Total Contributions |
22.32% |
