In Workday, pension contributions are calculated in Payroll.
- View a detailed tour of pay slips as they will appear in Workday
- Glance at the Payslip manual
Age bracket | McGill contributes % of basic earnings |
You contribute % of basic earnings |
---|---|---|
|
5.0%* | 5.0%* |
|
7.5%* | 7.0%* |
|
10.0%* | 8.0%* |
*less 1.8% of basic earnings subject to QPP |
*less 1.8% of basic earnings subject to QPP | |
Tenure Stream Clinical |
plus 0.8% | plus 0.5% |
Defined Contribution | ||
---|---|---|
Age bracket |
McGill contributes % of basic earnings less cost sharing |
You contribute % of basic earnings plus cost sharing |
|
5.0%* | 5.0%* |
|
7.5%* | 7.0%* |
|
10.0%* | 8.0%* |
*less 1.8% of basic earnings subject to QPP | *less 1.8% of basic earnings subject o QPP | |
Tenure Stream Clinical | plus 0.8% | plus 0.5% |
Cost-Sharing | less 1.9% (since September 2018) | plus 1.9% (since September 2018) |
Defined Benefit | ||
McGill assumes cost of going-concern plus degree of solvency | N/A |
Members of the McGill University Pension Plan (“Plan”) who are over age 65 who continue to be employed by the University may elect make AVCs to the Plan and receive an immediate tax relief at source. It is important to note that the University does not match AVCs. For more information, please refer to the
Additional Voluntary Contribution - Information Sheet
