Your Role and Responsibilities
As a Participating Employer in the CCCC Employees Pension Plan, you are providing your employees with retirement income through tax deductible contributions made during their employment time with you. We commend and appreciate your desire to offer this opportunity to your employees.
This decision will entail certain responsibilities on your part, as follows:
1. Read Plan Text
Your organization's pension administrator with the Plan must have read the Plan Text and Declaration of Trust and be familiar with these documents.
2. Participate in Training & Compliance Questionnaire
Your pension administrator will agree to participate in training, convey information about the Plan to the employees as communicated by CCCC from time-to-time and complete an annual compliance questionnaire.
3. Enroll Eligible Employees
You will need to promptly enroll each employee who is eligible to participate in the Plan. You can find the eligibility requirements in Section 3 of the Plan Text. Enrollment forms were mailed to you when you joined the Plan.
4. Remit Monthly Contributions
You will need to withhold the Member required contributions (if any) and Member voluntary contributions (again, if any) each month from the employee’s gross pay and remit these with your Employer contribution to CCCC the following month. This is a statutory legal requirement. Pension administrators will be sent an automated email each month to remind them that their contributions are due. You may opt out of this service or update your email address at any time. For details on the remittance procedure, please click here.
5. Change Employment Status or Information
Your pension administrator will need to be familiar with administrative forms that need to be used from time-to-time (e.g. change of information, parental/maternal leave waivers, employment termination, etc.).
6. Payroll Administration & T4s
You will need to provide appropriate reporting to your employees at year-end on the T4 slip and to the government on the T4 slip and T4 Summary.
