ATRF-CS Update and Contribution Rate Reduction Reminder
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The August 2024 ATRF-CS Build #556 will soon be available on the ATRF-CS webpage and will include the updated ATA rates and the reduced contribution rates for the Teachers’ Pension Plan (TPP) and Private School Teachers’ Pension Plan (PSTPP), effective September 1, 2024. An email will be sent once the build has been updated.
A summary of the contribution rates change is in the table below. Please update your payroll system with the new contribution rates. More information about the contribution rate decrease and historical adjustments can be found on the contribution rates page on atrf.com.
| Contribution Description | TPP (Sept. 1, 2023) | TPP (Sept. 1, 2024) | PSTPP (Sept. 1, 2023) | PSTPP (Sept. 1, 2024) |
|---|---|---|---|---|
| Teachers' Contribution Rate Up to YMPE | 9.00% | 8.24% | 8.50% | 8.25% |
| Teachers' Contribution Rate Above YMPE | 12.86% | 11.76% | 12.15% | 11.79% |
| Total Government/Employer Contribution Rate | 9.89% | 8.92% | 9.51% | 9.01% |