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Information provided will update the member’s leave of absence from non contributory to contributory (i.e. Paid). This information is important since it is used to determine the member’s Early Retirement Reduction factor which plays a role in determining the member’s member’s earliest unreduced retirement date and monthly pension. This information is is also required by the Income Tax Act to track the prescribed compensation.
You You report the total weeks paid for which the member made contributions during the leave, and the percent of normal earnings. To determine percent of normal earnings, you:
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When you submit the data, HOOPP updates the member’s leave of absence to Contributory by taking the Total weeks Paid divided it by the Percent of Normal Earnings. This will determine what portion of the leave will be updated to Contributory. The member will be able to view all updated contributory leave information based on your submission.
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