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Coverage Overview
All teachers employed under a contract
either permanent or temporary, must contribute to the Alberta Teachers'
Retirement Fund Board as a condition of employment. Only substitute
teachers do not contribute to the Alberta Teachers' Retirement Fund
Board.
Contributions
For the period September 1 to December
31, 2007, the teacher contribution rate will be 7.21% in pensionable
salary up to $3,641.67 and 11.63% on pensionable salary above $3,641.67.
Effective January 1, 2008, the teacher
contribution rate will revert to the full required rate of 10.31% of
salary pensionable up to the monthly maximum earnings under the Canada
Pension Plan and 14.73% above that level. The monthly maximum
pensionable earnings under the Canada Pension Plan amount for 2008 is
$3,741.67.
The YMPE for 2008 is $44,900.00. The
maximum annual salary rate (cap) for contributions and reporting to TRF
for 2008 is $130,136.50
The Alberta Government pays an employer
contribution on behalf of each active contributing Plan Member.
Plan Member Guide
Pension benefits for staff who are
eligible to participate in the Alberta Teachers' Retirement Fund Board
are outlined in a separate publication entitled "Alberta Teachers'
Retirement Fund Board - Plan Member Guide". Employees can contact their
Teachers' Retirement Fund Board for this publication or obtain the
information on their web site
http://www.atrf.com
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