Municipal Employees’ Pension Plan
c/o Public Employees Benefit Agency
1000 – 1801 Hamilton Street
Regina, SK S4P 4W3
Web site: www.peba.gov.sk.ca
MEPP CONTRIBUTION INCREASE
A survey sent to all school board employees a few years ago indicated to MEPP that the majority of its members wished to have their pension contributions increased. As a result, legislation was passed to increase pension contributions by 2% over 2 years. Prior to 2010 our contributions were 5.4% of our earnings. As of January 2010, our contributions increased by 1% making the contribution 6.4% of our earnings.
The last phase of this plan was put into effect January 1, 2011 and raised our contributions by another 1% to bring our pension contribution to 7.4% of our earnings. You will have noticed this on the first pay period of January.