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Canadian Forces Pension Plan Administration

Canadian Forces Pension Plan Administration. Outline Eligibility/Contributions Pension Benefits Elections

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Page 1: Canadian Forces Pension Plan Administration. Outline  Eligibility/Contributions  Pension Benefits  Elections

Canadian ForcesPension Plan

Administration

Page 2: Canadian Forces Pension Plan Administration. Outline  Eligibility/Contributions  Pension Benefits  Elections

Outline

Eligibility/ContributionsPension Benefits Elections

Page 3: Canadian Forces Pension Plan Administration. Outline  Eligibility/Contributions  Pension 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]

Page 4: Canadian Forces Pension Plan Administration. Outline  Eligibility/Contributions  Pension Benefits  Elections

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

Page 5: Canadian Forces Pension Plan Administration. Outline  Eligibility/Contributions  Pension Benefits  Elections

Pension Benefits

Other related links for:Pension Divisions:[email protected]

Survivor Benefits:[email protected]

Page 6: Canadian Forces Pension Plan Administration. Outline  Eligibility/Contributions  Pension Benefits  Elections

Elections

Notification

Election types

Documentation

Estimate

Forms

Validation

Page 7: Canadian Forces Pension Plan Administration. Outline  Eligibility/Contributions  Pension Benefits  Elections

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]

Page 8: Canadian Forces Pension Plan Administration. Outline  Eligibility/Contributions  Pension Benefits  Elections

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

Page 9: Canadian Forces Pension Plan Administration. Outline  Eligibility/Contributions  Pension Benefits  Elections

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.

Page 10: Canadian Forces Pension Plan Administration. Outline  Eligibility/Contributions  Pension Benefits  Elections

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.

Page 11: Canadian Forces Pension Plan Administration. Outline  Eligibility/Contributions  Pension Benefits  Elections

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.

Page 12: Canadian Forces Pension Plan Administration. Outline  Eligibility/Contributions  Pension Benefits  Elections

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

Page 13: Canadian Forces Pension Plan Administration. Outline  Eligibility/Contributions  Pension Benefits  Elections

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

Page 14: Canadian Forces Pension Plan Administration. Outline  Eligibility/Contributions  Pension Benefits  Elections

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

Page 15: Canadian Forces Pension Plan Administration. Outline  Eligibility/Contributions  Pension Benefits  Elections

Contact Us- [email protected]

Eligibility requirements for the plansDetermination of Eligibility Eligibility review/re-evaluation Eligibility notices/letters

Page 16: Canadian Forces Pension Plan Administration. Outline  Eligibility/Contributions  Pension Benefits  Elections

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

Page 17: Canadian Forces Pension Plan Administration. Outline  Eligibility/Contributions  Pension Benefits  Elections

Questions