How pension contributions work

You contribute to your pension through automatic payroll deductions. Your employer also contributes to your pension.

Does my employer contribute?

The plan allows you and your employer to work together to build your future pension. Every time you contribute to your pension, your employer contributes too. Your employer’s contribution rate is based on a number of factors, including employee ages, genders and salaries. Employer contribution rates are updated annually. A small portion (roughly one per cent) of your employer's contributions are used to fund the inflation adjustment account and help pay for group benefits for current retired members.