Common use of Contribution Levels Clause in Contracts

Contribution Levels. Contribution levels shall be as follows: a) Employees: Five point three percent (5.3%) of earnings up to the YMPE (yearly maximum pensionable earnings under the Canada Pension Plan) and eight point two percent (8.2%) of earnings in excess of the YMPE.

Contribution Levels. Contribution levels shall be as follows: a) : Employees: Five point three percent (5.3%) of earnings up to the YMPE (yearly maximum pensionable earnings under the Canada Pension Plan) and eight point two percent (8.2%) of earnings in excess of the YMPEEmployer: Eight point seven percent (8.7%) of each member's earnings up to the and eleven point six percent (11.6%) of earnings in excess of the to the maximum allowable under pension legislation.