4.5 Employer Required Contributions

The level of employer contributions is determined by the Plan administrator on the advice of the Plan’s actuary in accordance with the funding provisions of the HOOPP Plan Text and legislative requirements.

Employer contributions relate to the Plan as a whole and do not apply directly to each member's individual account. Employer contributions are, for administrative purposes, expressed as a percentage of total employee required contributions. Currently, employer contributions are 126% of member contributions received during the year.

You must make contributions, at the prevailing employer contribution rate, for member required contributions in relation to:

• A member’s pensionable earnings

• Retroactive salary or wage adjustments (using the rates in effect for the year(s) the payment applies)

• Leaves

• Temporary periods of reduced earnings/approved work schedule reduction

• Health leave top ups