{"id":686,"date":"2019-01-07T14:40:57","date_gmt":"2019-01-07T19:40:57","guid":{"rendered":"https:\/\/www.batirente.qc.ca\/our-pension-plans\/group-membership\/"},"modified":"2021-09-24T10:40:48","modified_gmt":"2021-09-24T14:40:48","slug":"group-membership","status":"publish","type":"page","link":"https:\/\/www.batirente.com\/en\/group-membership\/","title":{"rendered":"Group Membership"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;3.19.3&#8243; custom_padding=&#8221;||0px|&#8221; global_module=&#8221;1327&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_row _builder_version=&#8221;3.25&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; custom_padding=&#8221;||0px|&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;3.0.47&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_post_title meta=&#8221;off&#8221; featured_image=&#8221;off&#8221; _builder_version=&#8221;3.19.7&#8243; global_colors_info=&#8221;{}&#8221;][\/et_pb_post_title][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;3.22&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_row _builder_version=&#8221;3.25&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;3.25&#8243; custom_padding=&#8221;|||&#8221; global_colors_info=&#8221;{}&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text _builder_version=&#8221;3.27.4&#8243; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>These plans are established by unions, and employer and employee contributions are determined through collective agreements.<\/p>\n<p>[\/et_pb_text][et_pb_toggle title=&#8221;CAPITAL ACCUMULATION PLANS&#8221; admin_label=&#8221;CAPITAL ACCUMULATION PLANS&#8221; _builder_version=&#8221;4.8.2&#8243; _module_preset=&#8221;default&#8221; border_radii=&#8221;off|||25px|&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<ul>\n<li>The goal of these group retirement plans is to accumulate capital in each member\u2019s account so as to provide them with retirement benefits<\/li>\n<li>Retirement income levels depend on the importance of accumulated capital. Accrued capital is determined by employee and employer contributions, withdrawals made during working years (when allowed), and financial returns obtained<\/li>\n<li>Employee and employer contributions are usually not subject to payroll taxes and accruing investment returns are tax-sheltered<\/li>\n<li>The conditions associated with these plans, such as employee and employer contribution levels, are established through collective agreements<\/li>\n<li>Each plan member chooses which investment vehicle or vehicles they wish to allocate their contributions or accrued savings to<\/li>\n<\/ul>\n<p>[\/et_pb_toggle][et_pb_toggle title=&#8221;Simplified Pension Plan (SPP)&#8221; admin_label=&#8221;Simplified Pension Plan (SPP)&#8221; _builder_version=&#8221;4.8.2&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;|||30px|false|false&#8221; border_radii=&#8221;off|||25px|&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h2>Employer Contribution<\/h2>\n<ul>\n<li>Minimum contribution of 1 percent of salary<\/li>\n<li>Locked-in until retirement<\/li>\n<li>Compared to group RRSP, allows employer contribution to be increased by more or less 15 percent without incurring extra cost<\/li>\n<li>Immediate vesting of employer contributions<\/li>\n<\/ul>\n<h2>Employee Contribution<\/h2>\n<ul>\n<li>No minimum contribution<\/li>\n<li>Mandatory contributions fully, partially or non locked-in, according to agreement between parties<\/li>\n<li>Voluntary contributions not locked-in<\/li>\n<li>Non locked-in contributions eligible for Home Buyers\u2019 Plan (HBP) and Lifelong Learning Plan (LLP)<\/li>\n<\/ul>\n<h2>Upon Retirement<\/h2>\n<ul>\n<li>Retirement possible from age 55<\/li>\n<li>Transfer of locked-in portion of accrued capital to LIF and\/or life annuity<\/li>\n<\/ul>\n<h2>Eligibility<\/h2>\n<ul>\n<li>All eligible members of CSN labour unions whose collective agreements cover the retirement plan<\/li>\n<\/ul>\n<p>[\/et_pb_toggle][et_pb_toggle title=&#8221;Registered Retirement Savings Plan (RRSP)&#8221; admin_label=&#8221;Registered Retirement Savings Plan (RRSP)&#8221; _builder_version=&#8221;4.8.2&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;|||30px|false|false&#8221; border_radii=&#8221;off|||25px|&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h2>Employer Contribution<\/h2>\n<ul>\n<li>Employer contribution as a negotiated pay supplement<\/li>\n<li>Contributions subject to fringe benefits: QPP, CSST, RQAP, FSSQ, UIC, etc. (surcharge of\u00a0\u00b1 15 percent)<\/li>\n<li>Immediate vesting of employer contributions<\/li>\n<\/ul>\n<h2>Employee Contribution<\/h2>\n<ul>\n<li>Mandatory contributions and voluntary contributions<\/li>\n<li>Contributions subject to QPP, CSST, RQAP and UIC (surcharge of \u00b1 7 percent)<\/li>\n<li>Locking-in of mandatory contributions if group decides to do so<\/li>\n<li>Non locking-in of voluntary contributions and of sums transferred from other RRSPs<\/li>\n<li>Non locked-in contributions eligible for Home Buyers\u2019 Plan (HBP) and Lifelong Learning Plan (LLP)<\/li>\n<\/ul>\n<h2>Upon Retirement<\/h2>\n<ul>\n<li>Transfer of accrued capital to RRIF and\/or life annuity<\/li>\n<\/ul>\n<h2>Eligibility<\/h2>\n<ul>\n<li>All eligible members of CSN labour unions whose collective agreements establish the plan as their retirement plan<\/li>\n<\/ul>\n<p>[\/et_pb_toggle][et_pb_toggle title=&#8221;Deferred Profit-Sharing Plan (DPSP)&#8221; admin_label=&#8221;Deferred Profit-Sharing Plan (DPSP)&#8221; _builder_version=&#8221;4.8.2&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;|||30px|false|false&#8221; border_radii=&#8221;off|||25px|&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h2>Employer Contribution<\/h2>\n<ul>\n<li>No minimum<\/li>\n<li>Paid out of enterprise profits<\/li>\n<li>Non locked-in<\/li>\n<li>Employer avoids paying fringe benefits on contributions made to the plan<\/li>\n<\/ul>\n<h2>Employee Contribution<\/h2>\n<ul>\n<li>No employee contribution possible; must be combined with a group RRSP to accept employee contributions<\/li>\n<li>Vesting of employer contributions: maximum delay of 2 years membership in plan<\/li>\n<\/ul>\n<h2>Upon Retirement<\/h2>\n<ul>\n<li>Transfer of accrued capital to RIFF and\/or life annuity<\/li>\n<\/ul>\n<h2>Eligibility<\/h2>\n<ul>\n<li>All eligible members of CSN labour unions whose collective agreements establish the plan as their retirement plan<\/li>\n<\/ul>\n<p>[\/et_pb_toggle][et_pb_toggle title=&#8221;Multi-Employer Pension Plan (FEDERAL MEPP)&#8221; admin_label=&#8221;Multi-Employer Pension Plan (FEDERAL MEPP)&#8221; _builder_version=&#8221;4.8.2&#8243; _module_preset=&#8221;default&#8221; custom_margin=&#8221;|||30px|false|false&#8221; border_radii=&#8221;off|||25px|&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<h2>Employer Contribution<\/h2>\n<ul>\n<li>Minimum contribution of 1 percent of salary<\/li>\n<li>Locked-in until retirement<\/li>\n<li>Compared to group RRSP, allows employer contribution to be increased by more or less 15 percent without incurring extra cost<\/li>\n<li>Immediate vesting of employer contributions<\/li>\n<\/ul>\n<h2>Employee Contribution<\/h2>\n<ul>\n<li>No minimum contribution<\/li>\n<li>Locked-in until retirement<\/li>\n<li>Voluntary contributions not locked-in<\/li>\n<\/ul>\n<h2>Upon Retirement<\/h2>\n<ul>\n<li>Retirement possible from age 55<\/li>\n<li>Transfer of accrued capital to LIF and\/or life annuity<\/li>\n<\/ul>\n<h2>Eligibility<\/h2>\n<ul>\n<li>All eligible members of CSN labour unions whose collective agreements cover the retirement plan<\/li>\n<\/ul>\n<p>[\/et_pb_toggle][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>These plans are established by unions, and employer and employee contributions are determined through collective agreements. The goal of these group retirement plans is to accumulate capital in each member\u2019s account so as to provide them with retirement benefits Retirement income levels depend on the importance of accumulated capital. Accrued capital is determined by employee and employer contributions, withdrawals made during working years (when allowed), and financial returns obtained Employee and employer contributions are usually not subject to payroll taxes and accruing investment returns are tax-sheltered The conditions associated with these plans, such as employee and employer contribution levels, are established through collective agreements Each plan member chooses which investment vehicle or vehicles they wish to allocate their contributions or accrued savings to Employer Contribution Minimum contribution of 1 percent of salary Locked-in until retirement Compared to group RRSP, allows employer contribution to be increased by more or less 15 percent without incurring extra cost Immediate vesting of employer contributions Employee Contribution No minimum contribution Mandatory contributions fully, partially or non locked-in, according to agreement between parties Voluntary contributions not locked-in Non locked-in contributions eligible for Home Buyers\u2019 Plan (HBP) and Lifelong Learning Plan (LLP) Upon Retirement Retirement possible from [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","inline_featured_image":false,"footnotes":""},"class_list":["post-686","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Group Membership - B\u00e2tirente<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.batirente.com\/en\/our-pension-plans\/group-membership\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Group Membership - B\u00e2tirente\" \/>\n<meta property=\"og:description\" content=\"These plans are established by unions, and employer and employee contributions are determined through collective agreements. 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