4.9 Reconciliation Process |
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When you remit contributions, they do not specify what portion applies to individual members. HOOPP gathers this information once a year via HOOPP's annual member data collection process.
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Contributions (split by the low and high contributions as discussed in section 4.1 Employee Required Contributions (Click Here) and section 4.3 Calculating Employee Contributions (Click Here))
Contributory service weeks
The employment status of plan members for a given year
Pension adjustments
Details when a member contributes for a leave or temporary period of reduced earnings (also referred to as an Approved Work Schedule Reduction)
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