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OTPP Contribution Rates

UPDATE: 
Contribution rates have remained the same since OTF and the government introduced an increase to help fund the shorfall identified in January, 2011.  Beginning in January 2012, a 1.1% increase was phased in over a three-year period. Effective January 1, 2017 as reported in March 2017, a preliminary $11.5 Billion funding surplus was reported. Some of the surplus funds resulting from the January 2017 valuation will now be used to lower contributions by 1.1%.  This means Members who are still working will see their contribuiton rate decrease by 1.1% effective January 1, 2018.

2018 Contribution Rates:

The 2018 Year's Maximum Pensionable Earnings (YMPE) for calculating contributions is $55,900. The contribution rate is decreasing by 1.1% to 10.40% of a member's pensionable earnings up to the YMPE and 12.00% above the YMPE.

 

2017 Contribution Rates:
The 2017 Year's Maximum Pensionable Earnings (YMPE) for calculating contributions is $55,300. The contribution rate remains unchanged from 2014, 2015, and 2016 at 11.50% of a member's pensionable earnings up to the YMPE and 13.10% above the YMPE.

2016 Contribution Rates:

The 2016 Year's Maximum Pensionable Earnings (YMPE) for calculating contributions is $54,900. The contribution rate remains unchanged from 2014 and 2015 at 11.50% of a member's pensionable earnings up to the YMPE and 13.10% above the YMPE.

2015 Contribution Rates:
The 2015 Year's Maximum Pensionable Earnings (YMPE) for calculating contributions is $53, 600.  The contribution rate remains unchanged from 2014 at 11.50% of a member's pensionable earnings up to the YMPE and 13.10% above the YMPE.

2014 Contribution Rates:
The 2014 Year's Maximum Pensionable Earnings (YMPE) for calculating contributions is $52,500.  The contribution rate is increasing by 0.35% to 11.50% of a member's salary up to the YMPE and 13.1% above the YMPE.

2013 Contribution Rates:
The 2013 Year’s Maximum Pensionable Earnings (YMPE) for calculating contributions is $51,100. The contribution rate is increasing by 0.35% to 11.15% of a member’s salary up to the YMPE and 12.75% above the YMPE.

The 2010 Year’s Maximum Pensionable Earnings (YMPE) for calculating contributions is $47,200. The contribution rate remains unchanged at 10.4% of a member’s salary up to the YMPE and 12.0% above the YMPE.  

2012 Contribution Rates:
The 2012 Year’s Maximum Pensionable Earnings (YMPE) for calculating contributions is $50,100. The contribution rate is increasing by 0.4% to 10.8% of a member’s salary up to the YMPE and 12.4% above the YMPE.

2011 Contribution Rates:
The 2011 Year’s Maximum Pensionable Earnings (YMPE) for calculating contributions is $48,300. The contribution rate remains unchanged from 2010 at 10.4% of a member’s salary up to the YMPE and 12.0% above the YMPE.

2010 Contribution Rates:
The 2010 Year’s Maximum Pensionable Earnings (YMPE) for calculating contributions is $47,200. The contribution rate remains unchanged from 2009 at 10.4% of a member’s salary up to the YMPE and 12.0% above the YMPE.

2010 Contribution Rates: