Canadian Forces Pension Plan Administration

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Canadian ForcesPension Plan Administration
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Outline

• Eligibility/Contributions
• Pension Benefits
• Elections

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Eligibility/Contributions

• Pension Services will determine your eligibility
  date and notify you of your participation in the
  plan
• Contributions will commence the month following
  your participation
• If you believe you are a participant and have not
  received notification, please contact
  EligibilityCC_at_forces.gc.ca

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Pension Benefits

• Available upon release or after 12 months with no
  earnings
• Estimates available upon request from Pension
  Benefits section at Pensionentitlementsonrelease_at_f
  orces.gc.ca
• For other pension inquiries PensionInquiries_at_forc
  es.gc.ca
• Initiate your release through your unit
• Upon notification of release, Pension Benefits
  will contact you with respect to your entitlement

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Pension Benefits

• Other related links for
• Pension Divisions
• Pensiondivisionsupport_at_forces.gc.ca
• Survivor Benefits
• Survivorbenefits_at_forces.gc.ca

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Elections

• Notification
• Election types
• Documentation
• Estimate
• Forms
• Validation

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Notification

• Pension Services will notify you of your right to
  elect
• If you believe you are entitled to make an
  elections and you have not received notification
  please contact Priorpensionableservicearrears_at_for
  ces.gc.ca

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Election Types

• Reserve Force Pension Plan (Part 1.1) Past
  Service Election form DND 2438-E
• CFSA Part 1 Contributor
• Top-Up Election form
• a) DND 2438-E b) DND 2435-E
• Other (Form DND2437-E)
• Public Service (PSSA)
• Royal Canadian Mounted Police Service (RCMPSA)
• Foreign Service

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Documentation

• All documentation with prior earnings must be
  obtained
• For records prior to April 1999, you should
  contact the Directorate of Access to Information
  and Privacy (DAIP). From Pension Website
• lthttp//www.admfincs.forces.gc.ca/pension/intro_e.
  aspgt
• Complete Form Request for Military Records
• For other acceptable source documents for past
  service/earnings please visit the Document
  Checklist through the link above.

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Estimate

• An online calculator and downloadable spreadsheet
  are available to assist you with your estimate
• From the RFPP home Page, Click on Tools, then
  How to Use Buyback Calculator.
• Use the instructions for the online calculator
• A copy of the estimate will be required to be
  forwarded with your election form.

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Forms

• You must complete a Past Service Election form(s)
• Estimate Total
• Full or Partial election
• Provisional Payment/Lump Sum/Combination of both
• Signature and Date
• Forwarded it within 7 Days of the signing date
• You must also complete a Pre-Authorized Debit
  Form
• Void Cheque
• Monthly Installments/Type of election
• Signature and Date
• If you are contemplating a Lump Sum Payment or an
  RRSP transfer you will have to complete theLump
  Sum Payment form and T2033 for RRSP transfers.

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Validation

• Computation of election cost by Pension Services
• Pension Services will contact you with the
  election cost and available options
• You will be required to confirm your choice
• Past Service Pension Adjustment (PSPA) is
  required by the Canada Revenue Agency (CRA)
• A confirmation of cost will be sent to you
• Full costs
• Final monthly installment amount/Re-payment
  schedule

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Contact Us - Buybacks

• PriorPensionableServiceArrears_at_forces.gc.ca
• The purchase of prior service (Elections)
• Current remaining election balance
• Payments (Increase, lump-sum, RRSP transfers,
  Pre-authorized debits)
• Required Documentation
• On-line Buyback calculator
• Overall Election Process

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Contact Us- Pensions

• Pensionentitlementsonrelease_at_forces.gc.ca
• Pension Benefits
• Transfer Value (TV)
• Deferred Annuity (DA)
• Immediate Annuity (IA)
• Return of Contributions (ROC)
• Indexing
• Canada Pension Plan (CPP)
• Pension Forecasts

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Contact Us- Eligibility

• EligibilityCC_at_forces.gc.ca
• Eligibility requirements for the plans
• Determination of Eligibility
• Eligibility review/re-evaluation
• Eligibility notices/letters

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For More Information

• DAPPP/PS Web site
• http//www.admfincs.forces.gc.ca/pension
• Canadian Forces Pension Modernization Project
• http//hr3.ottawa-hull.mil.ca/dgcb/cfpmp/engraph/h
  ome_e.asp?sidesection5sidecat17

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Questions