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DATE: March 4, 2002
The purpose of this notice is to inform Compensation Managers
that effective April 1, 2002, the monthly employer contribution
rate for the PSHCP will increase. These rates are shown in the attached contribution rate
table.
The portion of the PSHCP contribution rate paid by the
employer is a taxable benefit for members residing in Quebec.
Therefore, it is recommended that these members be informed of
'monthly contribution rate because it will impact their taxable income.
For those organizations which use the Public Works Government
Services Canada (PWGSC) pay system, PWGSC has already been
informed of the PSHCP rate changes and will take the appropriate
action effective April 1, 2002.
The PSHCP member contribution rate will remain unchanged at
this time.
All PSHCP members who are absent on leave without pay or who
are on off-season status are to be notified of the changes to the
PSHCP contribution rate. In cases where the employees are
responsible for the total contribution, please ensure that they
are informed of their new contribution rate.
Should you have questions regarding the changes, please
contact Terry Ranger, Project Co-ordinator at Treasury Board
Secretariat at (613) 941-4463.
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