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Canadian Forces Pension Plan Administration

Canadian Forces Pension Plan Administration. Eligibility/Contributions Pension Benefits Elections. Outline . Eligibility/Contributions. Pension Services will determine your eligibility date and notify you of your participation in the plan

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Canadian Forces Pension Plan Administration

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  1. Canadian ForcesPension Plan Administration

  2. Eligibility/Contributions Pension Benefits Elections Outline

  3. 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 EligibilityCC@forces.gc.ca

  4. Pension Benefits • Available upon release or after 12 months with no earnings • Estimates available upon request from Pension Benefits section at Pensionentitlementsonrelease@forces.gc.ca For other pension inquiries:PensionInquiries@forces.gc.ca • Initiate your release through your unit • Upon notification of release, Pension Benefits will contact you with respect to your entitlement

  5. Pension Benefits • Other related links for: Pension Divisions: Pensiondivisionsupport@forces.gc.ca Survivor Benefits: Survivorbenefits@forces.gc.ca

  6. Elections • Notification • Election types • Documentation • Estimate • Forms • Validation

  7. 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: Priorpensionableservicearrears@forces.gc.ca

  8. 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-E Other (Form DND2437-E) • Public Service (PSSA) • Royal Canadian Mounted Police Service (RCMPSA) • Foreign Service

  9. 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.

  10. 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.

  11. Forms • You must complete a Past Service Election form(s) • Estimate Total • Full or Partial election • Provisional Payment/Lump Sum/Combination of both • Signature and Date • Forwarded it within 7 Days of the signing date • You must also complete a Pre-Authorized Debit Form • Void Cheque • Monthly Installments/Type of election • Signature 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.

  12. 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 you • Full costs • Final monthly installment amount/Re-payment schedule

  13. Contact Us - Buybacks PriorPensionableServiceArrears@forces.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

  14. Contact Us- Pensions Pensionentitlementsonrelease@forces.gc.ca • Pension Benefits • Transfer Value (TV) • Deferred Annuity (DA) • Immediate Annuity (IA) • Return of Contributions (ROC) • Indexing • Canada Pension Plan (CPP) • Pension Forecasts

  15. Contact Us- Eligibility EligibilityCC@forces.gc.ca • Eligibility requirements for the plans • Determination of Eligibility • Eligibility review/re-evaluation • Eligibility notices/letters

  16. For More Information • DAPPP/PS Web site • http://www.admfincs.forces.gc.ca/pension • Canadian Forces Pension Modernization Project • http://hr3.ottawa-hull.mil.ca/dgcb/cfpmp/engraph/home_e.asp?sidesection=5&sidecat=17

  17. Questions

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