Military Pension Renewal
Military Pension Renewal Transition Reminder
Military Pension Renewal Transition Reminder
Pension payments for retired CAF members and their survivors/child(ren) will continue to be supported by the Specialized Services Division (SSD) at PSPC until January 3, 2017, at which time they will be administered by the Government of Canada Pension Centre at PSPC.
Just thought I would post this as a reminder, come this Tuesday Jan 3rd is when this transition will take effect.
The only thing I will be looking for come my end Month pay (JAN) is to see if my tax withheld differs from previous pays.
I received a letter stating that our tax withheld may change.
The transfer from one pension system to another may result in a minor change in the amount of taxes withheld from your Monthly benefit payment.
The current system calculates your income tax deducted based on the total exemptions you have identified on your TD1 tax form.
The new system places your exemptions amount within a range and the income tax is calculated based on the midpoint of that range.
Pension payments for retired CAF members and their survivors/child(ren) will continue to be supported by the Specialized Services Division (SSD) at PSPC until January 3, 2017, at which time they will be administered by the Government of Canada Pension Centre at PSPC.
Just thought I would post this as a reminder, come this Tuesday Jan 3rd is when this transition will take effect.
The only thing I will be looking for come my end Month pay (JAN) is to see if my tax withheld differs from previous pays.
I received a letter stating that our tax withheld may change.
The transfer from one pension system to another may result in a minor change in the amount of taxes withheld from your Monthly benefit payment.
The current system calculates your income tax deducted based on the total exemptions you have identified on your TD1 tax form.
The new system places your exemptions amount within a range and the income tax is calculated based on the midpoint of that range.
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Military Pension Renewal
Canadian Armed Forces Pension Plans Administration Transition.
Click on the link below:
http://www.forces.gc.ca/en/caf-community-pension/military-pension-renewal.page
Click on the link below:
http://www.forces.gc.ca/en/caf-community-pension/military-pension-renewal.page
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