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If the member applies to make contributions for a leave or to “top up” contributions during a temporary period of reduced earnings/approved work schedule reduction and has already reached these limits while participating in HOOPP, the contributions will be returned.
Impact to PA/PSPA
Where a member makes contributions following the end of the period of leave, either a revised Pension Adjustment (PA) or a certifiable Past Service Pension Adjustment (PSPA) will be required depending on the situation. If when you submit the contributions to HOOPP.
When lump sum contributions are |
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submitted to HOOPP | Expected result |
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Before April 30 |
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of the year following the end of the period of leave/period of reduced earnings |
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The additional contributory service |
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for the leave period should be included in the member’s PA |
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for the applicable year(s).
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After April 30 of the year following the end of the period of leave/period of reduced earnings | A certifiable PSPA is required.
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In addition, HOOPP has temporarily extended the timeline for members to make pension contributions following a leave of absence. The regular timeline of six months from the end of a leave has been extended to 12 months for any leave of absence periods starting on or before December 31, 2021. Contributions for leaves starting on or after January 1, 2022 will be due within six months from the end date of the leave period.