PLAYING FOR A BETTER RETIREMENT

 
 

NOVEMBER 2017

 
 

In Concert provides pension plan updates and explains how your pension plan works.

 
 
 
 

Comments or questions about this newsletter? We’d like to hear from you! Please email us: info@mpfcanada.ca.

 

TIMELY PENSION CONTRIBUTIONS

It’s important to ensure that the Fund receives your pension contributions as quickly as possible. Here’s why:

It helps the Fund get those contributions invested and earning returns as soon as possible—that’s good for everyone because investment earnings help support benefit payments.

The Ontario Pension Benefits Act requires pension contributions be received by the Fund Office no later than 30 days after your engagement date.

The Fund has a Collection Control Policy which requires that the Fund Office must receive all contributions no later than 60 days after the end of the year in which your engagement took place. Late contributions require a letter explaining the extenuating circumstances that caused the contributions to be late; the Trustees may or may not approve the processing of late contributions.

Don’t miss out on pension contributions or the benefit they could provide!

If you are the leader:

Make sure contracts provide for pension contributions as required under CBAs or local tariffs.

File the contract with the local associated with the engagement.

Track and check that contributions were sent to the Fund Office.

Your contributions can be checked on the Fund’s web site.

Check your annual statement to see that all contributions have been included.

Contact the Fund Office if there is a discrepancy between the amount of the contributions shown on your statement and those you have tracked for the year.

If you are not the leader:

Check with the leader that your information is correct on the contract.

Check with the leader that the contract has been filed.

Keep track of your pension contributions.

Your contributions can be tracked on the Fund’s web site.

Check your annual statement to see that all contributions have been included.

Contact the Fund Office if there is a discrepancy between the amount of the contributions shown on your statement and those you have tracked for the year.

Office Hours:
Monday through Friday
8:45 am to 4:30 pm Eastern Time

Office Closures for
the Rest of 2017:

December 25 (Christmas)
December 26 (Boxing Day)

Musicians’ Pension Fund
of Canada

200 Yorkland Blvd., Suite 605
Toronto, Ontario M2J 5C1

tel: 416.497.4702
fax: 416.497.4742
toll free: 1.888.462.6666

info@mpfcanada.ca
www.mpfcanada.ca

 

Questions and/or comments
must be made in writing:
info@mpfcanada.ca