(appended to your statement)
The new member annual statement:
It constitutes an invaluable tool in the planning of your retirement.
An easy to use format
Informative contents
And more…
To make it easier to understand, an example of the member annual statement is provided. It shows all possible sections of a complete statement. Expressions in blue are clickable to obtain more information.
You can also read the
explanatory leaflet accompanying your
statement to have more information.
A brief survey is available online. It is aimed at members who have received their statement and want to express their opinion.
This section contains answers to questions you may have about your statement.
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Pension plan |
Mailing period |
|---|---|
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Education sector |
May and June 2012 |
|
June 2012 |
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Summer 2012 |
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|
July 2012 |
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|
Fall 2012 |
The statement has already been sent to the members of the following plans:
|
Pension plan |
Mailing period |
|---|---|
|
November and December 2011 |
|
|
End of November 2011 |
|
|
December 2011 |
|
|
January 2012 |
You can check by referring to the mailing periods in the previous question.
For some members, CARRA does not send a statement because the information is not available.
Here are situations where members will not receive a statement:
The information on your statement comes from data provided to CARRA by your employer in his annual report. At the time the annual statements were finalized, employer reports for 2011 had not been completely validated.
For some members, CARRA did not have the necessary information at the time the statements were finalized. Consequently, you received a condensed version of the statement.
As the information is provided by your employer, you must contact him to have any error corrected.
This new personal identifier is used by CARRA to ensure confidentiality. The social insurance number can no longer be used to identify clients because it is confidential.
You must write to CARRA, requesting correction of the date of birth. Enclose a photocopy of a document issued by the Directeur de l’état civil or a photocopy of a valid Canadian passport or a photocopy of two distinct documents with matching dates of birth (day, month, year).
Even if a document has already been certified by the Régie de l’assurance maladie du Québec (RAMQ) or CARRA, or in case of doubt as to the authenticity of the proof documents, CARRA may, at any time, require the original document or a certified copy to confirm its content.
The annual basic salary is the salary range salary provided for in the employment contract or collective agreement. It is paid to the member during a calendar year and established on December 31 of the year of the statement. The pensionable salary is the member's salary less certain amounts deemed ineligible for pension plan purposes (overtime, for example).
Yes. The income replacement percentage or rate establishes whether or not the annual pension estimate will meet your needs. A rate of 70% is usually sought.
You can also access our Web site to know more about the
Pre-retirement Information and Training Program and the "Pension
Estimator ".
Yes. The percentage indicated in the annual statement is obtained by dividing the anticipated amount of the pension by the amount of the salary for the year of the annual statement, whereas the percentage indicated in the statement of contributions (2008 and before) corresponded to the anticipated accrual rate on the planned date of retirement indicated in this statement.
Yes. You can retire at another date. The date on your statement corresponds to the date on which you will be eligible for a retirement pension with no reduction or with reduction.
No. It is an estimate calculated as accurately as possible as at December 31 of the year of your statement. Events taking place afterward could alter this estimate.
These events are, among others: salary variations, changes in the percentage of time worked, absences without pay, buy-backs.
No. CARRA used the annual basic salary corresponding to the salary range salary of your employment as at December 31 of the year of your statement, adjusted if necessary.
Certain amounts have been rounded down to the nearest hundred because they are estimates.
The information shown is supplied by your employer and is based on the positions you held. For further information, you must contact the employer.
No. In accordance with the regulations, contribution overpayments of $50 or less are not reimbursed.
Compounded and credited interest is calculated according to valid rates for different periods of the year of the statement, in proportion to each of these periods. The interest rate of the plan can vary during a year.
There is no impact on the amount of your pension. However, a negative interest rate affects the amount of your contributions, since they no longer produce interest.
No. Your statement does not reflect the new provisions, as the
Act was adopted by the National Assembly on May 3, 2012, while your
statement was being prepared.
However, these provisions will be taken into account when processing
applications for a pension estimate and applications for a pension.
The annual statement gives your participation through December 31 of the year covered by the statement. It does not give a history of the annual participation data. It is good practice to keep your previous statements since that enables you to follow your participation year after year.
