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Contribution Rates

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Contribution rates are set to cover the cost of plan benefits currently being accrued, including cost-of-living adjustments. Retired members are eligible to receive an adjustment equal to 60% of the change in the Alberta Consumer Price Index for pensionable service prior to 1993 and 70% for pensionable service after 1992. The ATRF Board adjusts contribution rates as required following each actuarial funding valuation.

Active plan members and the Alberta Government or contributing employers share equally in funding for benefits related to pensionable service after August 1992, including the 60% cost-of-living adjustments. Active plan members are solely responsible for funding the additional 10% cost-of-living adjustments provided for pen​sionable service after 1992.

Contributions are not deducted during strikes or leaves of absences (other than health-related periods of maternity leaves). As well, you do not contribute on any salary above the maximum pensionable salary (or salary cap) in accordance with the Income Tax Act.

If you work part-time, your contributions are based on what you would have earned working full-time in your position and then adjusted with the percentage of full-time hours you work.

Year’s Maximum Pensionable Earni​​ngs (YMPE)

Your monthly contribution to the Plan is integrated with your contribution to the Canada Pension Plan (CPP) and takes the YMPE into consideration. The YMPE is the year's maximum pensionable earnings covered by the CPP.

The YMPE for 2020 is $58,700, or $4,891.67 per month, which is called the monthly maximum pensionable earnings (MMPE). This maximum changes every January 1 and the amount of your ATRF contribution changes accordingly.

1. Contributions: Teachers’ Pension Plan - Scho​​ol Jurisdictions, Charter Schools and ATA Locals

Employer Contrib​u​tions

As of September 1, 2020, the Alberta Government or employer contribution is 10.87% of your pensionable salary.​

Your Contributions

As of September 1, 2020, the employee contribution rate is 9.76% up to the monthly maximum Canada Pension Plan pensionable earnings level ($4,891.67 effective January 1, 2020) and 13.94% on pensionable earnings above that level.

​Schedule of CPP Earnings, Contribution Rates and Capped Sala​​ries​

 

Year​​YMPEMMPE
Employee 
​Cont
Rates (%)
Monthly Salary Cap
Monthly Employee 
Maximum
Conts
Govt or Employer 
Cont
Rates (%)
​​​Sep-20​​58,700​4,891.67​9.76/13.94​14,351.75​1,796.16​10.87
​Jan-20​58,700​4,891.67​10.17/14.52​14,351.75​1,871.08​11.29
​​Sep-19​​57,400​​4,783.33​10.17/14.52​​14,041.50​​1,830.75​​11.29
​Jan-19​57,400​4,783.33​10.17/14.52​14,041.50​1,830.75​11.29
​Sep-18​​55,900​​4,658.33​10.17/14.52​​13,666.00​1,781.66​11.29
​​Jan-18​55,900​4,658.33​10.74/15.34​13,666.00​1,882.08​11.95
​​Sep-17​​55,300​​4,608.33​​10.74/15.34​13,526.00​​1,862.91​11.95
​Jan-17​55,300​4,608.33​10.74/15.34​13,526.00​1,862.91​11.95
​Sep-16​54,900​​4,575.00​10.74/15.34​13,414.17​1,847.29​11.95
​Jan-16​54,900​4,575.00​11.44/16.34​13,414.17​1,967.70​12.65

​​An Example of 2020 Contributions

If you made $7,800 per month in 2020, you would contribute:

  • 9.76% of your monthly salary up to the 2020 MMPE of $4,891.67, and
  • 13.94% of your monthly salary over $4,891.67, as shown below.

 

This is a monthly contribution of $882.85:

  • $477.43 (which is 9.76% of $4,891.67), plus
  • $405.42 (which is 13.94% of $2,908.33).​

2. Contribution: Private School Teachers’ Pension ​​Plan

Employer Contrib​u​tions

As of September 1, 2020, the employer contribution rate is 9.51% of total pensionable earnings.

Your Contributions

As of September 1, 2020, the employee contribution rate is 8.50% up to the monthly maximum Canada Pension Plan pensionable earnings level ($4,891.67 effective January 1, 2020), and 12.15% on pensionable earnings above that level.

​Schedule of CPP Earnings, Contribution Rates and Capped Sala​​ries​

Year​YMPEMMPE
Employee
Cont
Rates (%)
Monthly Salary
Cap
 
Monthly Employee 
Maximum
Conts
Employer Cont
Rates (%)
​​​Sep-20​​58,700​4,891.67​8.50/12.15​14,351.75​1,565.19​9.51
Jan-20​58,7004,891.678.76./12.5214,351.751,612.919.73
​​Sep-19​​57,400​​4,783.33​​​8.76/12.52​​14,041.50​​1,578.14​​​9.73
​Jan-19​57,400​4,783.33​​8.76/12.52​14,041.50​1,578.14​​9.73
​Sep-18​​55,900​​4,658.33​8.76/12.52​​13,666.00​1,535.83​9.73
​​Jan-18​55,900​4,658.33​​​9.09/12.98​13,666.00​1,592.64​10.23
​Sep-17​​55,300​​4,608.33​​9.09/12.98​​13,526.00​​1,576.41​​10.23
​Jan-17​55,300​4,608.33​9.09/12.98​13,526.00​1,576.41​10.23
​Sep-16​​54,900​​4.575.00​9.09/12.98​​13,414.17​1,563.19​10.23
​Jan-16​54,900​4.575.00​10.22/14.60​13,414.17​1,758.09​10.99

An Ex​ample of 2020 Contrib​​utions

If you made $7,800 per month during 2020, each month you would contribute:

  • 8.50% of your monthly salary up to the 2020 MMPE of $4,891.67, and
  • 12.15% of your monthly salary over $4,891.67, as shown below.

MMPEprivate.jpg 

This is a monthly contribution of $769.15:

  • $415.79 (which is 8.50% of $4,891.67), p​lus
  • $353.36 (which is 12.15% of $2,908.33).
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