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Local Authorities Pension Plan (LAPP) Contribution Rate—January 1, 2015

Submitted by on 2014/11/26 – 8:30 am

LAPP has advised that the present contribution rate is not anticipated to change in 2015 or 2016.

The rates for 2014 (current rates) along with the proposed rates for 2015 and 2016 are as follows:

 2014  2015  2016
Members’ Rate up to YMPE* 10.39% 10.39% 10.39%
Members’ Rate over YMPE 14.84% 14.84% 14.84%
Employers’ Rate up to YMPE 11.39% 11.39% 11.39%
Employers’ Rate over YMPE 15.84% 15.84% 15.84%

*YMPE refers to the Year’s Maximum Pensionable Earnings level determined by the Canada Pension Plan annually. In 2015, the YMPE is $53,600.

Detailed information regarding these proposed rates can also be found at  http://www.lapp.ca/members/contribution-rates.jsp.