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Changes to your Retirement Plan

Legislated Changes

  • Marriage breakdown (Bill 133) - new rules to take effect January 1, 2012 affect pension asset division on marriage breakdown.
  • Changes to CPP - new rules January 1, 2012 affect those 60 to 70 and receiving a CPP retirement pension.

The most important changes that will affect Western employees are:

  • Employees who are aged 60 to 65 and receiving a CPP retirement pension must make CPP contributions. No action is required from you.  Western will begin deducting CPP contributions from your pay in January 2012.
  • Employees who are aged 65 to 70 and receiving a CPP retirement pension now have the option to make CPP contribution.

Other Changes

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