ARCHIVED CD 1994-012

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Appendix A - Questions and Answers Regarding the Pension Adjustment

Appendix B - Examples of PA Calculations for 1993

Appendix C - PA Reference Table

March 23, 1994 (Revised on November 24, 2010)

Ottawa, Canada
K1A 0S5

SUBJECT : Pension Adjustment (1993)

1. PURPOSE

1.1 The purpose of this directive is to provide departments and pay offices with updated instructions on the Pension Adjustment (PA) calculated for employees subject to the Public Service Superannuation Act (PSSA). For more personalized information concerning the above. employees should obtain the Pension and Registered Retirement Savings Plan (RRSP) Tax Guide available from the District Taxation Office.

2. CANCELLATION

2.1 This directive supersedes Services Pay Directives: 1993-011(6) "Tax Reform Pension Adjustment (1992)" dated February 22, 1993, 1992-007(03) "Tax Reform Pension Adjustment" dated February 26, 1992, 1991-034(21), "Tax Reform -Pension Adjustment (PA)" dated June 6, 1991.

3. BACKGROUND

3.1 The Department of Finance introduced the Pension Adjustment (PA) effective 1990.

3.2 The following annex is provided to assist you:

  • General questions and answers regarding the Pension Adjustment (Annex A);
  • Examples of the calculation of the Pension Adjustment for 1993 (Annex B);
  • PA Reference Table (Annex C). This table can be utilized as a guide for employees who worked during the full year and earned a full year of pensionable service in 1993.

3.3 The following are definitions of terms utilized throughout the directive:

  1. Pension Adjustment (PA)

    This is the sum of pension credits accruing to an employee during the previous taxation year. This amount is used to determine the individual's maximum RRSP room for the current taxation year.
  2. Formula for PA Calculation

    [9 x Benefit Entitlement Accrued] - [$1,000 fraction of year pensionable].

    e.g.: [9 x Benefit Entitlement Accrued] - [$1,000 x 26/26].

    The formula has been revised slightly to reflect a more accurate PA, for employees earning in excess of approximately $97,000 AND working only a partial year. In all other cases the previous formula will give the same PA as the revised formula.

    The Annual Benefit Entitlement consists of the benefit rate as outlined in the pension plan multiplied by the pensionable salary and/or allowances for the full year. For PA purposes, the maximum Annual Benefit Entitlement is $1,722.22.

    The Benefit Rate for employees subject to the PSSA is:
    • 2% for all pensionable earnings above the early Maximum Pensionable Earnings (YMPE) for Canada Pension Plan (CPP)/Quebec Pension Plan (QPP) purposes, and
    • 1.3% for all pensionable earnings below YMPE.

      The Benefit Entitlement Accrued consists of the actual benefit accrued by the employee for the year. The Benefit Entitlement Accrued is calculated by prorating the Annual Benefit Entitlement to reflect the actual pensionable pay periods in the year (i.e. multiplying it by the number of pay periods during which the employee accrued pension credits over the total number of pay periods in the year).

      Benefit Entitlement Accrued = Annual Benefit Entitlement x 26/26

      The maximum Benefit Entitlement Accrued for 1993 is $1,500.
  3. Temporary Absences

    Where the employee is on Leave Without Pay (LWOP) and the period of absence is considered pensionable service , the salaries the employee would have earned had he/she not been on LWOP are to be utilized in the PA calculation. The calculated PA includes the period of LWOP.

    Please refer to section 4.7 iii) of this directive which describes how the PA is affected for employees who choose not to count their LWOP as pensionable service under the Pension Reform legislation.

    Period of non-authorized service (i.e. strike, suspension, etc.) are not included in the calculation of the PA.
  4. Annualized Earnings

    Annualized earnings are the amounts of pensionable remuneration the employee would have received if he/she worked for the full year in a pensionable employment. These earnings are to be utilized when an individual has worked only a portion of the year or where there is a partial year of service employment either because of non pensionable Leave Without Pay (LWOP) or where an employee is Take-on-Strength (TOS) or Struck-off-strength (SOS) part way through the year. The annualized earnings are also utilized when an employee becomes a contributor during the year (whether it is after the qualifying period of 6 months or when an individual recommences PSSA contributions because of an election for the post age 65 service).

    The calculation of the annualized earnings is to be done as follows:
    • Calculate the employee's annualized earnings by dividing the pensionable earnings received for the year by the number of pay periods actually worked and then multiplying the result by the total number of pay periods in a full year.
    • Calculate the Annual Benefit Entitlement using the employee's annualized earnings.
    Always use a full year of service and the CPP/QPP Yearly Maximum Pensionable Earnings (YMPE) for the year the PA is being calculated.
  5. Yearly Maximum Pensionable Earnings (YMPE)

    Earnings for which a CPP/QPP pension is calculated (for 1993 the maximum is $33,400).

4. POLICY

4.1 The "1993 Pension Adjustment" must be reported on 1993 T4s and will pertain to 1994 RRSP room.

Box 52 on the T4 forms reflects the PA. It must be noted that the PA is the figure that reduces RRSP room and does not reflect the RRSP room available to an employee.

4.2 Revenue Canada-Taxation gathers all the Pension Adjustment figures reported and applies them against each individual's RRSP limit for the current tax year (i.e. PA on 1993 T4s is used for 1994 RRSP room). Revenue Canada - Taxation informs each taxpayer of the RRSP room available for that year, via the annual Notice of Assessment.

4.3 The RRSP room calculated by Taxation will be based on 18% of previous year's earned income (i.e. 1993 income for 1994 RRSP).

Please note that earned income for "RRSP Contribution purposes" does not necessarily equate the gross income of an individual.

4.4 Previous year's earned income for "RRSP Contribution purposes" may include such things as employment income, rental income or loss, income from a private business but does not include periodic superannuation or pension payments. It should be noted that specific deductions, such as union dues, reduce earned income for the calculation of the RRSP room.

4.5 The Pension Adjustment figure does not relate to pension contributions. Current PSSA contributions remain fully tax deductible. The only figures which now reduce RRSP room is the PA and the Past Service Pension Adjustment (PSPA).

The information concerning the PSPA is provided in Services Pay Directive 1992-008(04) dated February 26, 1992 entitled "Tax Deductibility of Superannuation Contributions".

4.6 From 1991 on, the RRSP limits are based on the following requirements:

  • 18% of previous year's annual income to the yearly maximum.
  • Maximum RRSP room to grow each year as follows:

Year Dollar Limit
1991(90)1 $11,500 ($10,500)1
1992(91)1 $12,500 ($11,500)1
1993(92)1 $12,500 ($11,500)
1994(93)1 $13,500 ($12,500)1
1995(94)1 $14,500 ($13,500)1
1995(95)1 $15,500 ($14,500)1

1 denotes the maximum PA and the year in which it will be reported on the T4.

4.7 The following factors must be taken into consideration when determining the pension adjustment figure:

  1. The figure is based on pensionable earnings and allowances for the year and not gross earnings reflected on the T4. Any items (such as overtime) that are not pensionable are not included in the PA calculation.
  2. All employees with pensionable salary will receive a PA figure, including employees under age 18 who are now contributing to PSSA and employees over age 65 who recommence to contribute to PSSA because of an election.

    For employees not contributing to a pension plan (including those with 35 years of service) the PA figure will be zero "0".
  3. During any authorized LWOP, the employee is earning pension credits and a PA is reported for these periods - unless the employee opts in advance or during the LWOP, not to count the period as pensionable under the PSSA (pursuant to Pension Reform Legislation). Please note that the first three months of the LWOP are always subject to PSSA.

    The following are the different treatments for PA reporting depending on when the employee opts not to count his/her LWOP as pensionable:
    • Where the employee opts in advance of the LWOP, or within the first three months of the LWOP, the PSSA will be calculated for the first three months and the PA will stop being calculated from the pay period following the end of the first three months.
    • Where the employee opts during the LWOP (after the first three months) the PSSA will be calculated for the first three months only but the PA is calculated up to and including the pay period in which the option occurs, and no PA is reported for the pay period following the option.
    • Where the employee opts on return to duty not to count the LWOP as pensionable, a PA will be reported for the full period and cannot be cancelled.

    Unauthorized absences (i.e. strike, suspension etc.) are not included in the PA calculation.
  4. Employees with a partial year of pensionable service ("TOS" or "SOS" during the year, or with periods of LWOP that do not count for PA as described above) will have their pensionable earnings annualized to arrive at the Annual Benefit Entitlement. The Annual Benefit entitlement is then prorated to reflect the Benefit Entitlement Accrued for the partial year.
  5. There is no requirement to calculate pension adjustment for Deaths in Service. Pay Offices will manually impose a "Nil" on the T4 in these cases.
  6. Where an employee has terminated during a year and received a Return of Contributions, the same PA formula is used. Although for some other pension plans, the PA in the year of termination may be the return of contributions, this is not applicable to the PSSA.
  7. The years after the 35 years pensionable service date is reached are not included in the PA calculation. Where the PA is based on a year in which the 35 years is reached, the PA is prorated to reflect the fraction of the year up to the 35 year date.
  8. Superannuable lump sum payments are included in the Pension Adjustment in the year in which they are paid. For example: retroactive payment of salary from 1992 ($1,500) and 1993 ($2,000) paid in 1993 for $3,500 total. The total amount of $3,500 will be included as pensionable earnings for the 1993 PA calculation. However, in calculating any pension benefit under the PSSA, the lump sums would be included as salary for the year in which they were applicable.
  9. Earnings which Revenue Canada has excluded from the calculation of the Pension Adjustment are:
    Year Earnings
    1990 $63,889 to $86,111
    1991 $69,444 to $86,111
    1992 $69,444 to $86,111
    1993 $75,000 to $86,111
    1994 $80,556 to $86,111

    However, it must be noted that the calculation of PA will recommence on those earnings greater than $86,111.

4.8 The rules relating to deductions of registered pension plan contributions generally are as follows:

  1. Current service contributions are fully deductible if made in accordance with the requirements of the plan.
  2. Contributions for past service are tax deductible depending on the type of service being purchased, the date of the election or the dates that the service occurred.

    Details concerning the tax deductibility of contributions for past service are contained in Services Pay Directive 1992-008(04) dated February 26, 1992 entitled "ax Deductibility of Superannuation Contributions".

5. PROCEDURES/INSTRUCTIONS

5.1 The Regional Pay System is programmed to accumulate throughout the year the pensionable earnings and the number of pensionable pay periods. At year end, these values are used to calculate the pension adjustment which is reported on the T4 for each employee affected with the exception of the DNT teachers.

5.2 The following are the manual procedures to follow for the PA:

Departmental Responsibility:

  1. Dual Employment (employee on pensionable leave without pay and occupying a term position where he/she contributes to PSSA, e.g. relocation of spouse)
    A pension adjustment will be automatically calculated for the employee by the Regional Pay System, based on the employee's records with the primary department from which he/she is in T-SOS status. If the employee, while on leave without pay, worked as a term and was a contributor to the PSSA, a pension adjustment would also be calculated for the period where he/she worked as a term. The PA calculated for the period in T-SOS status should not include the period of pensionable employment as a term and therefore must be amended.

    The secondary personnel office who has the employee in a term of dual employment, must advise the personnel office from which the employee is T–SOS, of the dates and the number of pay periods the employee has been a contributor while employed with them.

    The personnel office of the primary department who has the employee in T–SOS status must then advise the pay office of the number of pay periods of the dual employment, as reported by the secondary personnel office, and the pensionable earnings from the corresponding time period that should not be counted in the PA calculation for the year. The amount of pensionable earnings should be calculated using the pensionable salary of the substantive position at the primary department from which the employee is T–SOS.

    Personnel is not required to make adjustments for employees who are not contributors to the PSSA at the second employment as no PA will be issued in respect of that employment. In this case, the PA calculated by the Regional Pay System will be correct.
  2. Pensionable LWOP for Educational Leave
    If an employee was on educational leave for part or all of the year and in receipt of an educational allowance, he may choose not to pay into PSSA while on leave. In these cases the department will have amended the pension code to a non-contributor reason for the period of the leave and the pay system will not calculate a PA for that period. Because this period of pensionable LWOP should be included in the PA calculation, the department must advise the pay office of the employee's substantive basic pensionable salary while on leave and also the number of pensionable pay periods.

    However, if the employee has opted not to count the LWOP as pensionable pursuant to the Pension Reform provision, the case is to be treated as explained in section 5.2 D) of this directive.
  3. DNT teachers
    The Regional Pay System does not calculate the Pension Adjustment amount for DNT teachers, therefore, the Department must calculate the amount and report it to the pay office
  4. When the employee opts not to count the LWOP as pensionable for PSSA.
    If an employee elects not to count his/her LWOP as pensionable under PSSA, he/she should complete a form DSS-MAS 2480 and the department should forward a copy of the completed form to the pay office.

    The department must also input a Pay Action Code (PAC) 12A109 changing the LWOP code to 1 or 2. This action will stop the accumulation in elements 118 (number of pensionable pay periods) and 734 (superannuation gross) that are used in the calculation of the PA effective from that pay period.

    Since the date of the option not to count LWOP as pensionable affects the pay period in which the PA should not be calculated, the pay office should refer to the signed form DSS-MAS 2480, and if the option was made in advance of or during the LWOP, adjust the PA as described in 4.7 iii)

Pay Office Responsibility:

  1. Dual Employment (employee on pensionable leave without pay and occupying a term position where he/she contributes to PSSA, e.g. relocation of spouse)
    The pay office responsible for the T-SOS account will process a 12A field 118 and a PAC 30 field 734 on the employee's master, for the previous year, with the number of pay periods and pensionable earnings reported by the department.
  2. Pensionable LWOP for educational leave
    The pay offices will process a PAC 30 field 734 and a PAC 12A field 118 on the employees master, for the previous year, with the number of pay periods and pensionable earnings reported by the department.
  3. DNT teachers
    The pay office must input a PAC 30 to put the pension adjustment amount calculated by the Department in field M733 (previous year pension adjustment) on the master.
  4. When the employee opts not to count the LWOP as pensionable for PSSA
    When a PAC 12A109 is processed by the Department to change the LWOP code to 1 or 2, the Regional Pay System will issue a notice to the pay office. If the account is in T-SOS status, this pay action will stop the accumulation in elements 118 (number of pensionable pay periods) and 734 (superannuation gross) that are used in the calculation of the PA effective from that pay period.

    Upon notification, the pay office must verify in which pay period the PA should stop being calculated, based on the information in section 4.7 iii) of this directive and the signed form DSS-MAS 2480, and make the necessary adjustment to field 118 and field 734, when applicable.

    Note: If an employee has pensionable earnings in a pay period, that full pay period will be used for the calculation of the PA. Therefore, element 118 and 734 must be adjusted accordingly.

5.3 Please refer to Pay Office Procedures manual (POP) 25-20 for more information regarding pay office responsibilities and procedures for updating the pensionable earnings (field 734) and pensionable pay periods (field 118).

6. INQUIRIES

6.1 Any queries on the foregoing may be directed by telephone to Diane Perrier at 819-956-2063 or Shirley Auksztinaitis at 819-956-2094.


Original Signed by
P. Charko

P. Charko
Director General
Compensation Sector
Government Operational Service

P. Charko

Reference: CJA 9007-10-8


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APPENDIX A - QUESTIONS AND ANSWERS REGARDING THE PENSION ADJUSTMENT

  1. WHAT IS THE PENSION ADJUSTMENT?
    The Pension Adjustment (PA) is the "value" of pension credits accrued by an employee during the current taxation year and is used to determine the RRSP room for the next year. The 1993 PA is utilized in calculating the 1994 RRSP room.
  2. WHAT IS THE PURPOSE OF THE PA?
    The Pension Adjustment is used by Revenue Canada to determine the amount that each individual taxpayer can deposit tax free to an RRSP each year. This amount is called RRSP "room".
  3. HOW IS THE PA USED TO DECIDE RRSP "ROOM"?
    Revenue Canada determines the amount of RRSP "room" based on 18% of previous year earned income up to the annual maximum, (for 1994, 18% of previous year earned income is up to a maximum of $13,500) minus the PENSION ADJUSTMENT reported by all the individual's employers for 1993.
  4. HOW IS THE "VALUE" OF MY PENSION BENEFIT (I.E. THE PA) CALCULATED?
    The Department of Finance has designed a formula to determine the PA value. The formula for PSSA contributors is:

    [9 x BENEFIT ENTITLEMENT ACCRUED] - [$1,000 x FRACTION OF YEAR THAT IS PENSIONABLE]
  5. HOW IS THE "BENEFIT ENTITLEMENT" CALCULATED?
    For members of the Public Service Superannuation Plan, the benefit entitlement used in the PA calculation is based on the PSSA benefit rate, taking into account the integration with the CPP/QPP. This means that the benefit entitlement is 1.3% on pensionable salaries up to the Yearly Maximum Pensionable Earnings (YMPE) for CPP/QPP and 2% on pensionable salaries above the YMPE.
  6. EXAMPLE OF A BENEFIT ENTITLEMENT CALCULATION AND THE RESULTANT PA CALCULATION.

    Pensionable earnings: $40,000
    Worked full year

    CPP/QPP maximum (1993): $33,400

    Annual Benefit Entitlement: (.013 X $33,400) + (.02 X $6,600) = $566 rounded to the nearest dollar

    Benefit Entitlement Accrued:
    $566 x 26/26

    Pension Adjustment:
    [9 x $566] - ($1,000 x 26/26) = $4,094 (reported on T4)
  7. IS THERE A LIMIT TO THE VALUE OF THE PA?
    Yes, the Income Tax Act specifies the maximum PA that can be reported for each year. The maximum PA for the 1993 tax year is $12,500. The maximum RRSP "room" (for 1994) is $13,500.
  8. WHAT HAPPENS IF MY PA EXCEEDS THE LIMITS ALLOWED UNDER THE INCOME TAX ACT?
    If the PA calculated exceeds the maximums allowed under the Income Tax Act, the maximum PA will be reported instead of the true PA. For 1993, this maximum is $12,500
  9. CAN I STILL CONTRIBUTE TO AN RRSP EVEN THOUGH I AM AT THE MAXIMUM PA?
    Yes. Because the RRSP limit is $13,500 for 1994, and the maximum PA reported is $12,500 for 1993 (that is used in 1994), you can still contribute $1,000 to your RRSP in 1994. This is true if you received a PA from only one source. If you were employed elsewhere during the year, and had more than one PA reported, it is possible that you would have no "RRSP" room.
  10. CAN I STILL CONTRIBUTE TO AN RRSP EVEN IF I AM ON LWOP?
    It will depend on your RRSP "room". Your RRSP "room" is calculated based on your previous year's earned income. Therefore, if you were on LWOP with no earned income for a year, your RRSP "room" will be nil for the following year.
  11. WHY IS THE RRSP "ROOM" BASED ON THE PREVIOUS YEAR'S INFORMATION RATHER THAN THE CURRENT YEAR?
    The RRSP "room" is based on the previous year's information simply because there would not be sufficient time to collect the necessary data and advise each taxpayer of individual RRSP "room" in the same year.
  12. IS THE PA EQUAL TO THE AMOUNT OF MY PENSION BENEFIT UNDER THE PSSA?
    No. The pension adjustment does not reflect the benefits that may eventually become paid to you under the PSSA. Your PSSA benefits will be calculated according to the provisions of the PSSA that are applicable to you at the time you commence to receive those benefits.
  13. HOW IS THE PA CALCULATED WHEN I REACH MY 35 YEARS?

    When you reach 35 years of service, the PA reported for the year is prorated to account for the portion of the year while you were making PSSA contributions. For example, if you reached 35 years halfway through a year your PA would be about one-half the value of a full year PA.

    For example:
    35 years reached in July 1993
    PA reported on 1993 T4 up to July 1993
    PA reported on 1994 T4 = "0"
  14. WHAT HAPPENS TO MY RRSP "ROOM" WHEN I REACH 35 YEARS OF PENSIONABLE SERVICE?
    Because the PA of a year is used for RRSP "room" in the next year, the effect of the 35 years is not felt until the following year. Rather than being able to take advantage of increased RRSP "room" in the year you reached 35 years, you will be able to take advantage of it in the next year.
  15. WHEN I RETIRE, CAN I CONTRIBUTE TO AN RRSP EVEN THOUGH I AM RECEIVING ONLY PENSION INCOME?
    Normally no. However, since RRSP is based on previous year's earned income, you may have RRSP room in the first year following your year of retirement. This "room" would be offset by any PA reported for the year in which you retire.
  16. HOW DOES THE PA AFFECT THE TAX DEDUCTIBILITY OF THE CONTRIBUTIONS WHICH I PAY INTO THE PENSION PLAN?
    The PA does not directly relate to actual pension contributions. Your current pension contributions are fully tax deductible.
  17. WHAT AFFECT DOES THE 18 AND 65 AGE PROVISION HAVE ON THE PA?
    When you contribute to PSSA, you accumulate pension benefits and a PA should be reported for these periods. Because you will commence to contribute if you are under age 18 or you will recommence to contribute if you elect and are over 65, a PA will be reported for the period where you accumulate pension benefits.
  18. WHY IS A PA REPORTED WHILE I AM ON LEAVE WITHOUT PAY IF I AM NOT PAYING PENSION CONTRIBUTIONS DURING THAT PERIOD?
    Under Revenue Canada rules, a PA must be reported for periods where the employee accrues a pension benefit. Unless you opt in advance or during the LWOP not to count the period as pensionable, full PA is calculated for the period of LWOP because you continue to earn pension credits while you are on leave.
  19. HOW IS MY PA CALCULATED IF I AM ON PENSIONABLE LEAVE WITHOUT PAY?
    While you are on pensionable Leave Without Pay (LWOP), a PA is calculated based on the pensionable salaries you would have earned had you been at work. If you were on LWOP for only a part of the year, the earned income on your T4 would show what you actually received as salary, but your PA would be based on the pensionable salaries you would have received if you had been at work for the full year. If you were on LWOP for the full year, your earned income would be "0" but your PA would be based on a full year of deemed pensionable salaries.
  20. HOW IS THE PA AFFECTED IF I OPT NOT TO COUNT MY LWOP AS PENSIONABLE UNDER PSSA?
    There are three different treatments for PA reporting depending on when you opt not to count your LWOP as pensionable:
    1. If you opt in advance of the LWOP or during the first three months, the PA will be reported for the first three months.
    2. If you opt during the LWOP but after the first three months, the PA will be reported for the period up to the date of the option.
    3. If you opt upon return to duty, the PA will be reported for the full period of the leave and cannot be cancelled.
  21. WHEN I RETURN TO DUTY AND COMMENCE RECOVERIES FOR MY LWOP, HOW IS MY PA AFFECTED?
    Your PA is not affected by the contributions you pay into the pension plan. After you return to duty, a PA is calculated based on your regular salary. The contributions paid for your LWOP are fully tax deductible.
  22. WHAT SHOULD DO I DO IF THE PA REPORTED ON MY T4 IS INCORRECT?
    If your PA is incorrect, your Personnel Office will have to take the necessary action to correct your PA and issue an amended T4 so that the proper PA is reported to Revenue Canada.


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APPENDIX B

EXAMPLES

EXAMPLE 1 :

Employee who worked a full year of pensionable employment ($40,000) without non-pensionable payments for the year 1993.

GROSS EARNINGS: $40,000
PENSIONABLE EARNINGS: $40,000
FRACTION OF YEAR AS A PLAN PARTICIPANT: full year

1993 CPP/QPP YMPE = $33,400

ANNUAL BENEFIT ENTITLEMENT

(.013 x $33,400) + .02 x ($40,000 - $33,400) = $434 + $132 = $566

BENEFIT ENTITLEMENT ACCRUED
$566 x 26/26 = $566

PENSION ADJUSTMENT
($566 x 9) - ($1,000 x 26/26) = $5,094 - $1,000 = $4,094 TO BE REPORTED ON T4

RRSP FOR 1994
$40,000 x 18% = $7,200
$7,200 - $4,094 = $3,106 RRSP WHICH CAN BE BOUGHT FOR 1994

EXAMPLE 2 :

Employee who worked a full year of pensionable employment ($22,000) without non-pensionable payments for the year 1993.

GROSS EARNINGS: $22,000
PENSIONABLE EARNINGS: $22,000
FRACTION OF YEAR AS A PLAN PARTICIPANT: full year

1993 CPP/QPP YMPE = $33,400

ANNUAL BENEFIT ENTITLEMENT
(.013 x $22,000) = $286

BENEFIT ENTITLEMENT ACCRUED
$286 x 26/26 = $286

PENSION ADJUSTMENT
($286 x 9) - ($1,000 x 26/26) = $2,574 - $1,000 = $1,574 TO BE REPORTED ON T4

RRSP FOR 1994
$22,000 X 18% = $3,960
$3,960 - $1,574 = $2,386 RRSP WHICH CAN BE BOUGHT FOR 1994

EXAMPLE 3 :

Employee who worked a full year of pensionable employment ($80,000) without non-pensionable payments for the year but salary is within the excluded earnings from the calculation for 1993.

GROSS EARNINGS: $80,000
PENSIONABLE EARNINGS: $80,000
FRACTION OF YEAR AS A PLAN PARTICIPANT: full year

1993 CPP/QPP YMPE = $33,400

ANNUAL BENEFIT ENTITLEMENT
(.013 x $33,400) + [.02 X ($75,000 - $33,400)] = $434 + $832 = $1,266

BENEFIT ENTITLEMENT ACCRUED
$1,266 x 26/26 = $1,266

PENSION ADJUSTMENT
($1,266 x 9) - ($1,000 x 26/26) = $11,394 - $1,000 = $10,394 TO BE REPORTED ON T4

RRSP FOR 1994
$80,000 x 18% = $13,500 (maximum for 1994)
$13,500 - $10,394 = $3,106 RRSP WHICH CAN BE BOUGHT FOR 1994


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EXAMPLE 4 :

Employee who worked a full year of pensionable employment ($90,000) without non-pensionable payments for the year but salary above the excluded earnings from the calculation for 1993.

GROSS EARNINGS: $90,000
PENSIONABLE EARNINGS: $90,000
FRACTION OF YEAR AS A PLAN PARTICIPANT: full year

1993 CPP/QPP YMPE = $33,400

ANNUAL BENEFIT ENTITLEMENT
(.013 x $33,400) + .02 x [($90,000 - $86,111) + ($75,000 - $33,400)] = $434 + .02 x ($3,889 + $41,600) = $434 + $910 = $1,344

BENEFIT ENTITLEMENT ACCRUED
$1,344 x 26/26 = $1,344

PENSION ADJUSTMENT
($1,344 x 9) - ($1,000 x 26/26) = $12,096 - $1,000 = $11,096 TO BE REPORTED ON T4

RRSP FOR 1994
$90,000 X 18% = $13,500 (maximum for 1994)
$13,500 - $11,096 = $2,404 RRSP WHICH CAN BE BOUGHT FOR 1994

EXAMPLE 5 :

Employee who worked a full year of pensionable employment ($120,000) without non-pensionable payments for the year.

GROSS EARNINGS: $120,000
PENSIONABLE EARNINGS: $120,000
FRACTION OF YEAR AS A PLAN PARTICIPANT: full year

1993 CPP/QPP YMPE = $33,400

ANNUAL BENEFIT ENTITLEMENT
(.013 x $33,400) + .02 x [($120,000 - $86,111) + ($75,000 - $33,400)] = $434 + $1,510 = $1,944

MAXIMUM ANNUAL BENEFIT ENTITLEMENT IS $1,722.22

BENEFIT ENTITLEMENT ACCRUED
$1,722.22 x 26/26 = $1,500 (maximum for 1993)

PENSION ADJUSTMENT
($1,500 x 9) - ($1,000 x 26/26) = $13,500 - $1,000 = $12,500 TO BE REPORTED ON T4

RRSP FOR 1994
$120,000 x 18% = $13,500 (maximum for 1994)
$13,500 - $12,500 = $1000 RRSP WHICH CAN BE BOUGHT FOR 1994

EXAMPLE 6 :

Employee who worked a full year in 1993 but had completed 35 years service in the previous year (1992).

GROSS EARNINGS: $30,000
PENSIONABLE EARNINGS: "0"

PENSION ADJUSTMENT
$0 TO BE REPORTED ON T4

RRSP FOR 1994
$30,000 X 18% = $5,400 = $5,400 - 0 = $5,400 RRSP WHICH CAN BE OUGHT FOR 1994

EXAMPLE 7 :

Employee Taken on Strength part way through a year or Struck off Strength but was in pensionable employment for the period worked and also had non-pensionable payments.

GROSS EARNINGS: $30,000
PENSIONABLE EARNINGS: $23,000
PENSIONABLE ANNUALIZED EARNINGS: $46,000
FRACTION OF YEAR AS A PLAN PARTICIPANT: 13 pay periods out of 26

1993 CPP/QPP YMPE = $33,400

ANNUAL BENEFIT ENTITLEMENT
(.013 x $33,400) + .02 x ($46,000 - $33,400) = $434 + $252 = $686

BENEFIT ENTITLEMENT ACCRUED
$686 x 13/26 = $343

PENSION ADJUSTMENT
($343 x 9) - ($1,000 x 13/26) = ($3,087 - $500) = $2,587 TO BE REPORTED ON T4

RRSP FOR 1994
$30,000 x 18% = $5,400
$5,400 - $2,587 = $2,813 RRSP WHICH CAN BE BOUGHT FOR 1994


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EXAMPLE 8 :

Employee ($40,000 gross earnings) who works a full year of pensionable employment but has other non-pensionable payments included in gross earnings.

GROSS EARNINGS: $40,000
PENSIONABLE EARNINGS: $35,000
FRACTION OF YEAR AS A PLAN PARTICIPANT: full year

1993 CPP/QPP YMPE = $33,400
ANNUAL BENEFIT ENTITLEMENT
(.013 x $33,400) + .02 x ($35,000 - $33,400) = $434 + $32 = $466

BENEFIT ENTITLEMENT ACCRUED
$466 x 26/26 = $466

PENSION ADJUSTMENT (PA)
($466 x 9) - ($1,000 x 26/26) = $4,194 - $1,000 = $3,194 TO BE REPORTED ON T4

RRSP FOR 1994
$40,000 x 18% = $7,200
$7,200 - $3,194 = $4,006 RRSP WHICH CAN BE BOUGHT FOR 1994

EXAMPLE 9 :

Employee who had periods of pensionable LWOP (e.g.: maternity leave) during the year (gross earnings $17,500) but the whole year is considered as pensionable (annual salary $35,000).


GROSS EARNINGS: $17,500
PENSIONABLE EARNINGS: $35,000
FRACTION OF YEAR AS A PLAN PARTICIPANT: 26 pay periods out of 26 (*no proration)

1993 CPP/QPP YMPE = $33,400

ANNUAL BENEFIT ENTITLEMENT
(.013 x $33,400) + .02 x ($35,000 - $33,400) = $434 + $32 = $466

BENEFIT ENTITLEMENT ACCRUED
$466 x 26/26 = $466

PENSION ADJUSTMENT (PA)
($466 x 9) - ($1,000 x 26/26) = $4,194 - $1,000 = $3,194 TO BE REPORTED ON T4

RRSP FOR 1994
$17,500 x 18% = $3,150
$3,150 - $3,194 = $0 RRSP WHICH CAN BE BOUGHT FOR 1994


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EXAMPLE 10 :

Employee who worked all year (gross earnings $40,000) but was in casual status (term less than six months) for first half of the year and also has non-pensionable payments of $5,000 included in gross earnings.

GROSS EARNINGS: $40,000
PENSIONABLE EARNINGS: $17,500
PENSIONABLE EARNINGS ANNUALIZED: $35,000
FRACTION OF YEAR AS A PLAN PARTICIPANT: 13 pay periods out of 26

1993 CPP/QPP YMPE = $33,400

ANNUAL BENEFIT ENTITLEMENT
(.013 x $33,400) + .02 x ($35,000 - $33,400) = $434 + $32 = $466

BENEFIT ENTITLEMENT ACCRUED
$466 x 13/26 = $233

PENSION ADJUSTMENT
($233 x 9) - ($1,000 x 13/26) = $2,097 - $500 = $1,597 TO BE REPORTED ON T4

RRSP FOR 1994
$40,000 X 18% = $7,200
$7,200 - $1,597 = $5,603 RRSP WHICH CAN BE BOUGHT FOR 1994

EXAMPLE 11 :

Employee who worked the full year but only became a contributor during the year and received non pensionable payments of $5,000.

GROSS EARNINGS: $45,000
PENSIONABLE EARNINGS: $20,000
PENSIONABLE EARNINGS ANNUALIZED: $40,000
FRACTION OF YEAR AS A PLAN PARTICIPANT: 13 pay periods out of 26
1993 CPP/QPP YMPE = $33,400

ANNUAL BENEFIT ENTITLEMENT
(.013 x $33,400) + .02 X ($40,000 - $33,400) = $434 + $132 = $566

BENEFIT ENTITLEMENT ACCRUED
$566 x 13/26 = $283

PENSION ADJUSTMENT
($283 x 9) - ($1,000 x 13/26) = $2,547 - $500 = $2,047

RRSP FOR 1994
$45,000 x 18% = $8,100
$8,100 - $2,047 = $6,053 RRSP WHICH CAN BE BOUGHT FOR 1994

EXAMPLE 12 :

Employee Taken on Strength or Struck-Off Strength during the year, but was in pensionable employment for the period worked.

GROSS EARNINGS: $92,308
PENSIONABLE EARNINGS ANNUALIZED: $120,000
FRACTION OF YEAR AS A PLAN PARTICIPANT: 20 pay periods out of 26

1993 CPP/QPP YMPE = $33,400

ANNUAL BENEFIT ENTITLEMENT
(.013 x $33,400) + .02 x [($120,000 - $86,111) + ($75,000 - $33,400)] = $434 + $1,510 = $1,944
MAXIMUM ANNUAL BENEFIT ENTITLEMENT IS $1,722.22

BENEFIT ENTITLEMENT ACCRUED
$1,722.22 x 20/26 = $1,325

PENSION ADJUSTMENT (PA)
($1,325 x 9) - ($1,000 x 20/26) = $11,925 - $769 = $11,156

RRSP FOR 1994
$92,308 x 18% = $13,500 (maximum for 1994)
$13,500 - $11,156= $2,344 RRSP WHICH CAN BE BOUGHT FOR 1994


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EXAMPLE 13 :

Employee Taken on Strength or Struck-Off Strength during the year, but was in pensionable employment for the period worked.

GROSS EARNINGS: $110,770
PENSIONABLE EARNINGS ANNUALIZED: $120,000
FRACTION OF YEAR AS A PLAN PARTICIPANT: 24 pay periods out of 26

1993 CPP/QPP YMPE = $33,400

ANNUAL BENEFIT ENTITLEMENT
(.013 x $33,400) + .02 x ($120,000 - $86,111) + ($75,000 - $33,400) = $434 + $1,510 = $1,944 = $1,722.22 (maximum for 1993)

BENEFIT ENTITLEMENT ACCRUED
$1,722.22 x 24/26 = $1,500 (maximum for 1993)

PENSION ADJUSTMENT
($1,500 x 9) - ($1,000 x 24/26) = $13,500 - $923 = $12,500 (maximum for 1993)

RRSP FOR 1994
$110,700 x 18% = $13,500 (maximum for 1994)
$13,500 - $12,500 = $1,000 RRSP WHICH CAN BE BOUGHT FOR 1994

EXAMPLE 14 :

Employee on LWOP for the full year in 1993 and chooses not to count his/her service for PSSA on October 4, 1993. The PA will be calculated on 20 pay periods (from 01-01-93 to 04-10-93).

GROSS EARNINGS: $0
PENSIONABLE EARNINGS: $30,000
PENSIONABLE EARNINGS ANNUALIZED: $39,000
FRACTION OF YEAR AS A PLAN PARTICIPANT: 20 pay periods out of 26

1993 CPP/QPP YMPE = $33,400

ANNUAL BENEFIT ENTITLEMENT
(.013 x $33,400) + .02 x ($39,000 - $33,400) = $434 + $112 = $546

BENEFIT ENTITLEMENT ACCRUED
$546 x 20/26 = $420

PENSION ADJUSTMENT
($420 x 9) - ($1,000 x 20/26) = $3,780 - $769 = $3,011 TO BE REPORTED ON T4

RRSP FOR 1994
$0 x 18% = $0
$0 - $3,011 = $0 RRSP WHICH CAN BE BOUGHT FOR 1994

EXAMPLE 15 :

Employee on LWOP from June 3, 1993 to December 31, 1993 and chooses not to count his/her service for PSSA on September 20, 1993. The PA will be calculated on 19 pay periods (from 01-01-93 to 20-09-93).

GROSS EARNINGS - $16,500
PENSIONABLE EARNINGS - $28,500
PENSIONABLE EARNINGS ANNUALIZED - $39,000
FRACTION OF YEAR AS A PLAN PARTICIPANT: 19 pay periods out of 26

1993 CPP/QPP YMPE = $33,400

ANNUAL BENEFIT ENTITLEMENT
(.013 x $33,400) + .02 x ($39,000 - $33,400) = $434 + $112 = $546

BENEFIT ENTITLEMENT ACCRUED
$546 x 19/26 = $399

PENSION ADJUSTMENT = ($399 x 9) - ($1,000 x 19/26) = ($3,591 - $731) = $2,860 TO BE REPORTED ON T4

RRSP FOR 1994
$16,500 x 18% = $2,970 = $2,970 - $2,860 = $110 RRSP WHICH CAN BE BOUGHT FOR 1994


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EXAMPLE 16 :

Employee on LWOP from August 12, 1993 to December 31, 1993 and chooses not to count his/her service for PSSA on September 20, 1993. The PA will be calculated on 23 pay periods (from 01-01-93 to 12-11-93) because the first 3 months of LWOP are always subject to PSSA.

GROSS EARNINGS: $28,800
PENSIONABLE EARNINGS: $41,400
PENSIONABLE EARNINGS ANNUALIZED: $46,800
FRACTION OF YEAR AS A PLAN PARTICIPANT: 23 pay periods out of 26

1993 CPP/QPP YMPE = $33,400

ANNUAL BENEFIT ENTITLEMENT
(.013 x $33,400) + .02 x ($46,800 - $33,400) = $434 + $268 = $702

BENEFIT ENTITLEMENT ACCRUED
$702 x 23/26 = $621

PENSION ADJUSTMENT
($621 x 9) - ($1,000 x 23/26) = ($5,589 - $885) = $4,704 TO BE REPORTED ON T4

RRSP FOR 1994
$28,800 x 18% = $5,184 = $5,184 - $4,704 = $480 RRSP WHICH CAN BE BOUGHT FOR 1994

EXAMPLE 17 :

Employee on LWOP from January 1, 1993 to December 1, 1993 and chooses not to count his service under PSSA on December 4, 1993. The PA will be calculated for the full year and cannot be cancelled.

GROSS EARNINGS: $3,000
PENSIONABLE EARNINGS: $39,000
FRACTION OF YEAR AS A PLAN PARTICIPANT: full year (* no proration)

1993 CPP/QPP YMPE = $33,400

ANNUAL BENEFIT ENTITLEMENT
(.013 X $33,400) + .02 X ($39,000 - $33,400) = $434 + $112 = $546

BENEFIT ENTITLEMENT ACCRUED
$546 x 26/26 = $546

PENSION ADJUSTMENT
($546 x 9) - ($1,000 x 26/26) = $4,914 - $1,000 = $3,914 TO BE REPORTED ON T4

RRSP FOR 1994
$3,000 x 18% = $540
$540 - $3,914 = $0 RRSP WHICH CAN BE BOUGHT FOR 1994


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APPENDIX C

PA REFERENCE TABLE

ANNUAL PENSIONABLE EARNINGS ($)
FROM TO PENSION ADJUSTMENT ($)
0 119.99 0
120 239.99 0
240 359.99 0
360 479.99 0
480 599.99 0
600 719.99 0
720 839.99 0
840 959.99 0
960 1,079.99 0
1,080 1,199.99 0
1,200 1,319.99 0
1,320 1,439.99 0
1,440 1,559.99 0
1,560 1,679.99 0
1,680 1,799.99 0
1,800 1,919.99 0
1,920 2,039.99 0
2,040 2,159.99 0
2,160 2,279.99 0
2,280 2,399.99 0
2,400 2,519.99 0
2,520 2,639.99 0
2,640 2,759.99 0
2,760 2,879.99 0
2,880 2,999.99 0
3,000 3,119.99 0
3,120 3,239.99 0
3,240 3,359.99 0
3,360 3,479.99 0
3,480 3,599.99 0
3,600 3,719.99 0
3,720 3,839.99 0
3,840 3,959.99 0
3,960 4,079.99 0
4,080 4,199.99 0
4,200 4,319.99 0
4,320 4,439.99 0
4,440 4,559.99 0
4,560 4,679.99 0
4,680 4,799.99 0
4,800 4,919.99 0
4,920 5,039.99 0
5,040 5,159.99 0
5,160 5,279.99 0
5,280 5,399.99 0
5,400 5,519.99 0
5,520 5,639.99 0
5,640 5,759.99 0
5,760 5,879.99 0
5,880 5,999.99 0
6,000 6,119.99 0
6,120 6,239.99 0
6,240 6,359.99 0
6,360 6,479.99 0
6,480 6,599.99 0
6,600 6,719.99 0
6,720 6,839.99 0
6,840 6,959.99 0
6,960 7,079.99 0
7,080 7,199.99 0
7,200 7,319.99 0
7,320 7,439.99 0
7,440 7,559.99 0
7,560 7,679.99 0
7,680 7,799.99 0
7,800 7,919.99 0
7,920 8,039.99 0
8,040 8,159.99 0
8,160 8,279.99 0
8,280 8,399.99 0
8,400 8,519.99 0
8,520 8,639.99 4
8,640 8,759.99 18
8,760 8,879.99 32
8,880 8,999.99 46
9,000 9,119.99 60
9,120 9,239.99 74
9,240 9,359.99 88
9,360 9,479.99 102
9,480 9,599.99 116
9,600 9,719.99 130
9,720 9,839.99 144
9,840 9,959.99 158
9,960 10,079.99 172
10,080 10,199.99 186
10,200 10,319.99 200
10,320 10,439.99 214
10,440 10,559.99 229
10,560 10,679.99 243
10,680 10,799.99 257
10,800 10,919.99 271
10,920 11,039.99 285
11,040 11,159.99 299
11,160 11,279.99 313
11,280 11,399.99 327
11,400 11,519.99 341
11,520 11,639.99 355
11,640 11,759.99 369
11,760 11,879.99 383
11,880 11,999.99 397
12,000 12,119.99 411
12,120 12,239.99 425
12,240 12,359.99 439
12,360 12,479.99 453
12,480 12,599.99 467
12,600 12,719.99 481
12,720 12,839.99 495
12,840 12,959.99 509
12,960 13,079.99 523
13,080 13,199.99 537
13,200 13,319.99 551
13,320 13,439.99 565
13,440 13,559.99 580
13,560 13,679.99 594
13,680 13,799.99 608
13,800 13,919.99 622
13,920 14,039.99 636
14,040 14,159.99 650
14,160 14,279.99 664
14,280 14,399.99 678
14,400 14,519.99 692
14,520 14,639.99 706
14,640 14,759.99 720
14,760 14,879.99 734
14,880 14,999.99 748
15,000 15,119.99 762
15,120 15,239.99 776
15,240 15,359.99 790
15,360 15,479.99 804
15,480 15,599.99 818
15,600 15,719.99 832
15,720 15,839.99 846
15,840 15,959.99 860
15,960 16,079.99 874
16,080 16,199.99 888
16,200 16,319.99 902
16,320 16,439.99 916
16,440 16,559.99 931
16,560 16,679.99 945
16,680 16,799.99 959
16,800 16,919.99 973
16,920 17,039.99 987
17,040 17,159.99 1,001
17,160 17,279.99 1,015
17,280 17,399.99 1,029
17,400 17,519.99 1,043
17,520 17,639.99 1,057
17,640 17,759.99 1,071
17,760 17,879.99 1,085
17,880 17,999.99 1,099
18,000 18,119.99 1,113
18,120 18,239.99 1,127
18,240 18,359.99 1,141
18,360 18,479.99 1,155
18,480 18,599.99 1,169
18,600 18,719.99 1,183
18,720 18,839.99 1,197
18,840 18,959.99 1,211
18,960 19,079.99 1,225
19,080 19,199.99 1,239
19,200 19,319.99 1,253
19,320 19,439.99 1,267
19,440 19,559.99 1,282
19,560 19,679.99 1,296
19,680 19,799.99 1,310
19,800 19,919.99 1,324
19,920 20,039.99 1,338
20,040 20,159.99 1,352
20,160 20,279.99 1,366
20,280 20,399.99 1,380
20,400 20,519.99 1,394
20,520 20,639.99 1,408
20,640 20,759.99 1,422
20,760 20,879.99 1,436
20,880 20,999.99 1,450
21,000 21,119.99 1,464
21,120 21,239.99 1,478
21,240 21,359.99 1,492
21,360 21,479.99 1,506
21,480 21,599.99 1,520
21,600 21,719.99 1,534
21,720 21,839.99 1,548
21,840 21,959.99 1,562
21,960 22,079.99 1,576
22,080 22,199.99 1,590
22,200 22,319.99 1,604
22,320 22,439.99 1,618
22,440 22,559.99 1,633
22,560 22,679.99 1,647
22,680 22,799.99 1,661
22,800 22,919.99 1,675
22,920 23,039,99 1,689
23,040 23,159.99 1,703
23,160 23,279.99 1,717
23,280 23,399.99 1,731
23,400 23,519.99 1,745
23,520 23,639.99 1,759
23,640 23,759.99 1,773
23,760 23,879.99 1,787
23,880 23,999.99 1,801
24,000 24,119.99 1,815
24,120 24,239.99 1,829
24,240 24,359.99 1,843
24,360 24,479.99 1,857
24,480 24,599.99 1,871
24,600 24,719.99 1,885
24,720 24,839.99 1,899
24,840 24,959.99 1,913
24,960 25,079.99 1,927
25,080 25,199.99 1,941
25,200 25,319.99 1,955
25,320 25,439.99 1,969
25,440 25,559.99 1,984
25,560 25,679.99 1,998
25,680 25,799.99 2,012
25,800 25,919.99 2,026
25,920 26,039.99 2,040
26,040 26,159.99 2,054
26,160 26,279.99 2,068
26,280 26,399.99 2,082
26,400 26,519.99 2,096
26,520 26,639.99 2,110
26,640 26,759.99 2,124
26,760 26,879.99 2,138
26,880 26,999.99 2,152
27,000 27,119.99 2,166
27,120 27,239.99 2,180
27,240 27,359.99 2,194
27,360 27,479.99 2,208
27,480 27,599.99 2,222
27,600 27,719.99 2,236
27,720 27,839.99 2,250
27,840 27,959.99 2,264
27,960 28,079.99 2,278
28,080 28,199.99 2,292
28,200 28,319.99 2,306
28,320 28,439.99 2,320
28,440 28,559.99 2,335
28,560 28,679.99 2,349
28,680 28,799.99 2,363
28,800 28,919.99 2,377
28,920 29,039.99 2,391
29,040 29,159.99 2,405
29,160 29,279.99 2,419
29,280 29,399.99 2,433
29,400 29,519.99 2,447
29,520 29,639.99 2,461
29,640 29,759.99 2,475
29,760 29,879.99 2,489
29,880 29,999.99 2,503
30,000 30,119.99 2,517
30,120 30,239.99 2,531
30,240 30,359.99 2,545
30,360 30,479.99 2,559
30,480 30,599.99 2,573
30,600 30,719.99 2,587
30,720 30,839.99 2,601
30,840 30,959.99 2,615
30,960 31,079.99 2,629
31,080 31,199.99 2,643
31,200 31,319.99 2,657
31,320 31,439.99 2,671
31,440 31,559.99 2,686
31,560 31,679.99 2,700
31,680 31,799.99 2,714
31,800 31,919.99 2,728
31,920 32,039.99 2,742
32,040 32,159.99 2,756
32,160 32,279.99 2,770
32,280 32,399.99 2,784
32,400 32,519.99 2,798
32,520 32,639.99 2,812
32,640 32,759.99 2,826
32,760 32,879.99 2,840
32,880 32,999.99 2,854
33,000 33,119.99 2,868
33,120 33,239.99 2,882
33,240 33,359.99 2,896
33,360 33,479.99 2,911
33,480 33,599.99 2,933
33,600 33,719.99 2,955
33,720 33,839.99 2,976
33,840 33,959.99 2,998
33,960 34,079.99 3,019
34,080 34,199.99 3,041
34,200 34,319.99 3,063
34,320 34,439.99 3,084
34,440 34,559.99 3,106
34,560 34,679.99 3,127
34,680 34,799.99 3,149
34,800 34,919.99 3,171
34,920 35,039.99 3,192
35,040 35,159.99 3,214
35,160 35,279.99 3,235
35,280 35,399.99 3,257
35,400 35,519.99 3,279
35,520 35,639.99 3,300
35,640 35,759.99 3,322
35,760 35,879.99 3,343
35,880 35,999.99 3,365
36,000 36,119.99 3,387
36,120 36,239.99 3,408
36,240 36,359.99 3,430
36,360 36,479.99 3,451
36,480 36,599.99 3,473
36,600 36,719.99 3,495
36,720 36,839.99 3,516
36,840 36,959.99 3,538
36,960 37,079.99 3,559
37,080 37,199.99 3,581
37,200 37,319.99 3,603
37,320 37,439.99 3,624
37,440 37,559.99 3,646
37,560 37,679.99 3,667
37,680 37,799.99 3,689
37,800 37,919.99 3,711
37,920 38,039.99 3,732
38,040 38,159.99 3,754
38,160 38,279.99 3,775
38,280 38,399.99 3,797
38,400 38,519.99 3,819
38,520 38,639.99 3,840
38,640 38,759.99 3,862
38,760 38,879.99 3,883
38,880 38,999.99 3,905
39,000 39,119.99 3,927
39,120 39,239.99 3,948
39,240 39,359.99 3,970
39,360 39,479.99 3,991
39,480 39,599.99 4,013
39,600 39,719.99 4,035
39,720 39,839.99 4,056
39,840 39,959.99 4,078
39,960 40,079.99 4,099
40,080 40,199.99 4,121
40,200 40,319.99 4,143
40,320 40,439.99 4,164
40,440 40,559.99 4,186
40,560 40,679.99 4,207
40,680 40,799.99 4,229
40,800 40,919.99 4,251
40,920 41,039.99 4,272
41,040 41,159.99 4,294
41,160 41,279.99 4,315
41,280 41,399.99 4,337
41,400 41,519.99 4,359
41,520 41,639.99 4,380
41,640 41,759.99 4,402
41,760 41,879.99 4,423
41,880 41,999.99 4,445
42,000 42,119.99 4,467
42,120 42,239.99 4,488
42,240 42,359.99 4,510
42,360 42,479.99 4,531
42,480 42,599.99 4,553
42,600 42,719.99 4,575
42,720 42,839.99 4,596
42,840 42,959.99 4,618
42,960 43,079.99 4,639
43,080 43,199.99 4,661
43,200 43,319.99 4,683
43,320 43,439.99 4,704
43,440 43,559.99 4,726
43,560 43,679.99 4,747
43,680 43,799.99 4,769
43,800 43,919.99 4,791
43,920 44,039.99 4,812
44,040 44,159.99 4,834
44,160 44,279.99 4,855
44,280 44,399.99 4,877
44,400 44,519.99 4,899
44,520 44,639.99 4,920
44,640 44,759.99 4,942
44,760 44,879.99 4,963
44,880 44,999.99 4,985
45,000 45,119.99 5,007
45,120 45,239.99 5,028
45,240 45,359.99 5,050
45,360 45,479.99 5,071
45,480 45,599.99 5,093
45,600 45,719.99 5,115
45,720 45,839.99 5,136
45,840 45,959.99 5,158
45,960 46,079.99 5,179
46,080 46,199.99 5,201
46,200 46,319.99 5,223
45,320 46,439.99 5,244
46,440 46,559.99 5,266
46,560 46,679.99 5,287
46,680 46,799.99 5,309
46,800 46,919.99 5,331
46,920 47,039.99 5,352
47,040 47,159.99 5,374
47,160 47,279.99 5,395
47,280 47,399.99 5,417
47,400 47,519.99 5,439
47,520 47,639.99 5,460
47,640 47,759.99 5,482
47,760 47,879.99 5,503
47,880 47,999.99 5,525
48,000 48,119.99 5,547
48,120 48,239.99 5,568
48,240 48,359.99 5,590
48,360 48,479.99 5,611
48,480 48,599.99 5,633
48,600 48,719.99 5,655
48,720 48,839.99 5,676
48,840 48,959.99 5,698
48,960 49,079.99 5,719
49,080 49,199.99 5,741
49,200 49,319.99 5,763
49,320 49,439.99 5,784
49,440 49,559.99 5,806
49,560 49,679.99 5,827
49,680 49,799.99 5,849
49,800 49,919.99 5,871
49,920 50,039.99 5,892
50,040 50,159.99 5,914
50,160 50,279.99 5,935
50,280 50,399.99 5,957
50,400 50,519.99 5,979
50,520 50,639.99 6,000
50,640 50,759.99 6,022
50,760 50,879.99 6,043
50,880 50,999.99 6,065
51,000 51,119.99 6,087
51,120 51,239.99 6,108
51,240 51,359.99 6,130
51,360 51,479.99 6,151
51,480 51,599.99 6,173
51,600 51,719.99 6,195
51,720 51,839.99 6 216
51,840 51,959.99 6 238
51,960 52,079.99 6 259
52,080 52,199.99 6 281
52,200 52,319.99 6 303
52,320 52,439.99 6,324
52,440 52,559.99 6,346
52,560 52,679.99 6,367
52,680 52,799.99 6,389
52,800 52,919.99 6,411
52,920 53,039.99 6,432
53,040 53,159.99 6,454
53,160 53,279.99 6,475
53,280 53,399.99 6,497
53,400 53,519.99 6,519
53,520 53,639.99 6,540
53,640 53,759.99 6,562
53,760 53,879.99 6,583
53,880 53,999.99 6,605
54,000 54,119.99 6,627
54,120 54,239.99 6,648
54,240 54,359.99 6,670
54,360 54,479.99 6,691
54,480 54,599.99 6,713
54,600 54,719.99 6,735
54,720 54,839.99 6,756
54,840 54,959.99 6,778
54,960 55,079.99 6,799
55,080 55,199.99 6,821
55,200 55,319.99 6,843
55,320 55,439.99 6,864
55,440 55,559.99 6,886
55,560 55,679.99 6,907
55,680 55,799.99 6,929
55,800 55,919.99 6,951
55,920 56,039.99 6,972
56,040 56,159.99 6,994
56,160 56,279.99 7,015
56,280 56,399.99 7,037
56,400 56,519.99 7,059
56,520 56,639.99 7,080
56,640 56,759.99 7,102
56,760 56,879.99 7,123
56,880 56,999.99 7,145
57,000 57,119.99 7,167
57,120 57,239.99 7,188
57,240 57,359.99 7,210
57,360 57,479.99 7,231
57,480 57,599.99 7,253
57,600 57,719.99 7,275
57,720 57,839.99 7,296
57,840 57,959.99 7,318
57,960 58,079.99 7,339
58,080 58,199.99 7,361
58,200 58,319.99 7,383
58,320 58,439.99 7,404
58,440 58,559.99 7,426
58,560 58,679.99 7,447
58,680 58,799.99 7,469
58,800 58,919.99 7,491
58,920 59,039.99 7,512
59,040 59,159.99 7,534
59,160 59,279.99 7,555
59,280 59,399.99 7,577
59,400 59,519.99 7,599
59,520 59,639.99 7,620
59,640 59,759.99 7,642
59,760 59,879.99 7,663
59,880 59,999.99 7,685
60,000 60,119.99 7,707
60,120 60,239.99 7,728
60,240 60,359.99 7,750
60,360 60,479.99 7,771
60,480 60,599.99 7,793
60,600 60,719.99 7,815
60,720 60,839.99 7,836
60,840 60,959.99 7,858
60,960 61,079.99 7,859
61,080 61,199.99 7,901
61,200 61,319.99 7,923
61,320 61,439.99 7,944
61,440 61,559.99 7,966
61,560 61,679.99 7,987
61,680 61,799.99 8,009
61,800 61,919.99 8,031
61,920 62,039.99 8,052
62,040 62,159.99 8,074
62,160 62,279.99 8,095
62,280 62,399.99 8,117
62,400 62,519.99 8,139
62,520 62,639.99 8,160
62,640 62,759.99 8,182
62,760 62,879.99 8,203
62,880 62,999.99 8,225
63,000 63,119.99 8,247
63,120 63,239.99 8,268
63,240 63,359.99 8,290
63,360 63,479.99 8,311
63,480 63,599.99 8,333
63,600 63,719.99 8,355
63,720 63,839.99 8,376
63,840 63,959.99 8,398
63,960 64,079.99 8,419
64,080 64,199.99 8,441
64,200 64,319.99 8,463
64,320 64,439.99 8,484
64,440 64,559.99 8,506
64,560 64,679.99 8,527
64,680 64,799.99 8,549
64,800 64,919.99 8,571
64,920 65,039.99 8,592
65,040 65,159.99 8,614
65,160 65,279.99 8,635
65,280 65,399.99 8,657
65,400 65,519.99 8,679
65,520 65,639.99 8,700
65,640 65,759.99 8,722
65,760 65,879.99 8,743
65,880 65,999.99 8,765
66,000 66,119.99 8,787
66,120 66,239.99 8,808
66,240 66,359.99 8,830
66,360 66,479.99 8,851
66,480 66,599.99 8,873
66,600 66,719.99 8,895
66,720 66,839.99 8,916
66,840 66,959.99 8,938
66,960 67,079.99 8,959
67,080 67,199.99 8,981
67,200 67,319.99 9,003
67,320 67,439.99 9,024
67,440 67,559.99 9,046
67,560 67,679.99 9,067
67,680 67,799.99 9,089
67,800 67,919.99 9,111
67,920 68,039.99 9,132
68,040 68,159. 99 9,154
68,160 68,279.99 9,175
68,280 68,399.99 9,197
68,400 68,519.99 9,219
68,520 68,639.99 9,240
68,640 68,759.99 9,262
68,760 68,879.99 9,283
68,880 68,999.99 9,305
69,000 69,119.99 9,327
69,120 69,239.99 9,348
69,240 69,359.99 9,370
69,360 69,479.99 9,391
69,480 69,599.99 9,413
69,600 69,719.99 9,435
69,720 69,839.99 9,456
69,840 69,959.99 9,478
69,960 70,079.99 9,499
70,080 70,199.99 9,521
70,200 70,319.99 9,543
70,320 70,439.99 9,564
70,440 70,559.99 9,586
70,560 70,679.99 9,607
70,680 70,799.99 9,629
70,800 70,919.99 9,651
70,920 71,039.99 9,672
71,040 71,159.99 9,694
71,160 71,279.99 9,715
71,280 71,399.99 9,737
71,400 71,519.99 9,759
71,520 71,639.99 9,780
71,640 71,759.99 9,802
71,760 71,879.99 9,823
71,880 71,999.99 9,845
72,000 72,119.99 9,867
72,120 72,239.99 9,888
72,240 72,359.99 9,910
72,360 72,479.99 9,931
72,480 72,599.99 9,953
72,600 72,719.99 9,975
72,720 72,839.99 9,996
72,840 72,959.99 10,018
72,960 73,079.99 10,039
73,080 73,199.99 10,061
73,200 73,319.99 10,083
73,320 73,439.99 10,104
73,440 73,559.99 10,126
73,560 73,679.99 10,147
73,680 73,799.99 10,169
73,800 73,919.99 10,191
73,920 74,039.99 10,212
74,040 74,159.99 10,234
74,160 74,279.99 10,255
74,280 74,399.99 10,277
74,400 74,519.99 10,299
74,520 74,639.99 10,320
74,640 74,759.99 10,342
74,760 74,879.99 10,363
74,880 74,999.99 10,385
75,000 75,119.99 10,396
75,120 75,239.99 10,396
75,240 75,359.99 10,396
75,360 75,479.99 10,396
75,480 75,599.99 10,396
75,600 75,719.99 10,396
75,720 75,839.99 10,396
75,840 75,959.99 10,396
75,960 76,079.99 10,396
76,080 76,199.99 10 396
76,200 76,319.99 10 396
76,320 76,439.99 10 396
76,440 76,559.99 10,396
76,560 76,679.99 10,396
76,680 76,799.99 10,396
76,800 76,919.99 10,396
76,920 77,039.99 10,396
77,040 77,159.99 10,396
77,160 77,279.99 10,396
77,280 77,399.99 10,396
77,400 77,519.99 10,396
77,520 77,639.99 10,396
77,640 77,759.99 10,396
77,760 77,879.99 10,396
77,880 77,999.99 10,396
78,000 78,119.99 10,396
78,120 78,239.99 10,396
78,240 78,359.99 10,396
78,360 78,479.99 10,396
78,480 78,599.99 10,396
78,600 78,719.99 10,396
78,720 78,839.99 10,396
78,840 78,959.99 10,396
78,960 79,079.99 10,396
79,080 79,199.99 10,396
79,200 79,319.99 10,396
79,320 79,439.99 10,396
79,440 79,559.99 10,396
79,560 79,679.99 10,396
79,680 79,799.99 10,396
79,800 79,919.99 10,396
79,920 80,039.99 10,396
80,040 80,159.99 10,396
80,160 80,279.99 10,396
80,280 80,399.99 10,396
80,400 80,519.99 10,396
80,520 80,639.99 10,396
80,640 80,759.99 10,396
80,760 80,879.99 10,396
80,880 80,999.99 10,396
81,000 81,119.99 10,396
81,120 81,239.99 10,396
81,240 81,359.99 10,396
81,360 81,479.99 10,396
81,480 81,599.99 10,396
81,600 81,719.99 10,396
81,720 81,839.99 10,396
81,840 81,959.99 10,396
81,960 82,079.99 10,396
82,080 82,199.99 10,396
82,200 82,319.99 10,396
82,320 82,439.99 10,396
82,440 82,559.99 10,396
82,560 82,679.99 10,396
82,680 82,799.99 10,396
82,800 82,919.99 10,396
82,920 83,039.99 10,396
83,040 83,159.99 10,396
83,160 83,279.99 10,396
83,280 83,399.99 10,396
83,400 83,519.99 10,396
83,520 83,639.99 10,396
83,640 83,759.99 10,396
83,760 83,879.99 10,396
83,880 83,999.99 10,396
84,000 84,119.99 10,396
84,120 84,239.99 10,396
84,240 84,359.99 10,396
84,360 84,479.99 10,396
84,480 84,599.99 10,396
84,600 84,719.99 10,396
84,720 84,839.99 10,396
84,840 84,959.99 10,396
84,960 85,079.99 10,396
85,080 85,199.99 10,396
85,200 85,319.99 10,396
85,320 85,439.99 10,396
85,440 85,559.99 10,396
85,560 85,679.99 10,396
85,680 85,799.99 10,396
85,800 85,919.99 10,396
85,920 86,039.99 10,396
86,040 86,159.99 10,396
86,160 86,279.99 10,415
86,280 86,399.99 10,437
86,400 86,519.99 10,459
86,520 86,639.99 10,480
86,640 86,759.99 10,502
86,760 86,879.99 10,523
86,880 86,999.99 10,545
87,000 87,119.99 10,567
87,120 87,239.99 10,588
87,240 87,359.99 10,610
87,360 87,479.99 10,631
87,480 87,599.99 10,653
87,600 87,719.99 10,675
87,720 87,839.99 10,696
87,840 87,959.99 10,718
87,960 88,079.99 10,739
88,080 88,199.99 10,761
88,200 88,319.99 10,783
88,320 88,439.99 10,804
88,440 88,559.99 10,826
88,560 88,679.99 10,847
88,680 88,799.99 10,869
88,800 88,919.99 10,891
88,920 89,039.99 10,912
89,040 89,159.99 10,934
89,160 89,279.99 10,955
89,280 89,399.99 10,977
89,400 89,519.99 10,999
89,520 89,639.99 11,020
89,640 89,759.99 11,042
89,760 89,879.99 11,063
89,880 89,999.99 11,085
90,000 90,119.99 11,107
90,120 90,239.99 11,128
90,240 90,359.99 11,150
90,360 90,479.99 11,171
90,480 90,599.99 11,193
90,600 90,719.99 11,215
90,720 90,839.99 11,236
90,840 90,959.99 11,258
90,960 91,079.99 11,279
91,080 91,199.99 11,301
91,200 91,319.99 11,323
91,320 91,439.99 11,344
91,440 91,559.99 11,366
91,560 91,679.99 11,387
91,680 91,799.99 11,409
91,800 91,919.99 11,431
91,920 92,039.99 11,452
92,040 92,159.99 11,474
92,160 92,279.99 11,495
92,280 92,399.99 11,517
92,400 92,519.99 11,539
92,520 92,639.99 11,560
92,640 92,759.99 11,582
92,760 92,879.99 11,603
92,880 92,999.99 11,625
93,000 93,119.99 11,647
93,120 92,239.99 11,668
93,240 93,359.99 11,690
93,360 93,479.99 11,711
93,480 93,599.99 11,733
93,600 93,719.99 11,755
93,720 93,839.99 11,776
93,840 93,959.99 11,798
93,960 94,079.99 11,819
94,080 94,199.99 11,841
94,200 94,319.99 11,863
94,320 94,439.99 11,884
94,440 94,559.99 11,906
94,560 94,679.99 11,927
94,680 94,799.99 11,949
94,800 94,919.99 11,971
94,920 95,039.99 11,992
95,040 95,159.99 12,014
95,160 95,279.99 12,035
95,280 95,399.99 12,057
95,400 95,519.99 12,079
95,520 95,639.99 12,100
95,640 95,759.99 12,122
95,760 95,879.99 12,143
95,880 95,999.99 12,165
96,000 96,119.99 12,187
96,120 96,239.99 12,208
96,240 96,359.99 12,230
96,360 96,479.99 12,251
96,480 96,599.99 12,273
96,600 96,719.99 12,295
96,720 96,839.99 12,316
96,840 96,959.99 12,338
96,960 97,079.99 12,359
97,080 97,199.99 12,381
97,200 97,319.99 12,403
97,320 97,439.99 12,424
97,440 97,559.99 12,446
97,560 97,679.99 12,467
97,680 97,799.99 12,489
97,800 97,919.99 12,500
97,920 98,039.99 12,500
98,040 98,159.99 12,500
98,160 98,279.99 12,500
98,280 98,399.99 12,500
98,400 98,519.99 12,500
98,520 98,639.99 12,500
98,640 98,759.99 12,500
98,760 98,879.99 12,500
98,880 98,999.99 12,500
99,000 99,119.99 12,500
99,120 99,239.99 12,500
99,240 99,359.99 12,500
99,360 99,479.99 12,500
99,480 99,599.99 12,500
99,600 99,719.99 12,500
99,720 99,839.99 12,500
99,840 99,959.99 12,500
99,960 100,079.99 12,500
100,080 100,199.99 12,500
100,200 100,319.99 12,500
100,320 100,439.99 12,500
100,440 100,559.99 12,500
100,560 100,679.99 12,500
100,680 100,799.99 12,500
100,800 100,919.99 12,500
100,920 101,039.99 12,500
101,040 101,159.99 12,500
101,160 101,279.99 12,500
101,280 101,399.99 12,500
101,400 101,519.99 12,500
101,520 101,639.99 12,500
101,640 101,759.99 12,500
101,760 101,879.99 12,500
101,880 101,999.99 12,500
102,000 102,119.99 12,500
102,120 102,239.99 12,500
102,240 102,359.99 12,500
102,360 102,479.99 12,500
102,480 102,599.99 12,500
102,600 102,719.99 12,500
102,720 102,839.99 12,500
102,840 102,959.99 12,500
102,960 103,079.99 12,500
103,080 103,199.99 12,500
103,200 103,319.99 12,500
103,320 and more 12,500