Canadian Forces Pension Plan Administration. Outline Eligibility/Contributions Pension Benefits ...
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Transcript of Canadian Forces Pension Plan Administration. Outline Eligibility/Contributions Pension Benefits ...
Canadian ForcesPension Plan
Administration
Outline
Eligibility/ContributionsPension Benefits Elections
Eligibility/Contributions
Pension Services will determine your eligibility date and notify you of your participation in the plan
Contributions will commence the month following your participation
If you believe you are a participant and have not received notification, please contact [email protected]
Pension Benefits
Available upon release or after 12 months with no earnings
Estimates available upon request from Pension Benefits section at [email protected]
For other pension inquiries: [email protected]
Initiate your release through your unit
Upon notification of release, Pension Benefits will contact you with respect to your entitlement
Pension Benefits
Other related links for:Pension Divisions:[email protected]
Survivor Benefits:[email protected]
Elections
Notification
Election types
Documentation
Estimate
Forms
Validation
Notification
Pension Services will notify you of your right to elect
If you believe you are entitled to make an elections and you have not received notification please contact: [email protected]
Election Types
Reserve Force Pension Plan (Part 1.1) Past Service Election form DND 2438-E
CFSA Part 1 Contributor Top-Up Election form a) DND 2438-E + b) DND 2435-EOther (Form DND2437-E)
Public Service (PSSA)Royal Canadian Mounted Police Service
(RCMPSA)Foreign Service
Documentation
All documentation with prior earnings must be obtained
For records prior to April 1999, you should contact the Directorate of Access to Information and Privacy (DAIP). From Pension Website:
<http://www.admfincs.forces.gc.ca/pension/intro_e.asp>
Complete Form: Request for Military Records
For other acceptable source documents for past service/earnings please visit the Document Checklist through the link above.
Estimate
An online calculator and downloadable spreadsheet are available to assist you with your estimate
From the RFPP home Page, Click on Tools, then “How to Use Buyback Calculator”.
Use the instructions for the online calculator
A copy of the estimate will be required to be forwarded with your election form.
Forms
You must complete a Past Service Election form(s)
Estimate Total Full or Partial electionProvisional Payment/Lump Sum/Combination of bothSignature and DateForwarded it within 7 Days of the signing date
You must also complete a Pre-Authorized Debit Form
Void ChequeMonthly Installments/Type of electionSignature and Date
If you are contemplating a Lump Sum Payment or an RRSP transfer you will have to complete the”Lump Sum Payment” form and T2033 for RRSP transfers.
Validation
Computation of election cost by Pension Services
Pension Services will contact you with the election cost and available options
You will be required to confirm your choice
Past Service Pension Adjustment (PSPA) is required by the Canada Revenue Agency (CRA)
A confirmation of cost will be sent to youFull costsFinal monthly installment amount/Re-payment schedule
Contact Us - BuybacksPriorPensionableServiceArrears@force
s.gc.ca The purchase of prior service
(Elections) Current remaining election balance Payments (Increase, lump-sum, RRSP
transfers, Pre-authorized debits) Required Documentation On-line Buyback calculator Overall Election Process
Contact Us- PensionsPensionentitlementsonrelease@force
s.gc.ca Pension Benefits
Transfer Value (TV) Deferred Annuity (DA) Immediate Annuity (IA) Return of Contributions (ROC)
Indexing Canada Pension Plan (CPP) Pension Forecasts
Contact Us- [email protected]
Eligibility requirements for the plansDetermination of Eligibility Eligibility review/re-evaluation Eligibility notices/letters
For More Information
DAPPP/PS Web sitehttp://www.admfincs.forces.gc.ca/pension
Canadian Forces Pension Modernization Projecthttp://hr3.ottawa-hull.mil.ca/dgcb/cfpmp/
engraph/home_e.asp?sidesection=5&sidecat=17
Questions