Glossary of Benefits & Pension Terms

Actuarial Valuation

精算师对确定的福利退休金计划的审查，以确定是否以足够的速度积累缴款和投资收入，以提供资金，以便在应付时可以支付承诺的养老金福利。

Basic Salary

定期年薪不包括：加班，津贴和一次性薪金支付以外的其他薪水，而其他薪金则是追溯薪水的增加。

如果您要休假，那么基本薪水意味着您的养老金缴款所基于的年薪数量。

If you are receiving benefits from the Long Term Disability Plan, Basic Salary means the annual rate of salary paid to you immediately prior to the commencement of these benefits.

If you are employed on less than full-time basis, Basic Salary means the annual salary that would have been paid to you had your employment been on full-time basis.

加拿大Pension Plan Average Earnings

The annual average of that part of the Plan member's Basic Salary in the same 60 months as were used to calculate the Final Average Earnings which is less than the Year's Maximum Pensionable Earnings during those months.

Where the Basic Salary has been at the same level for a period of longer than 60 months due to the Plan member receiving benefits from the Long Term Disability Plan, the Year's Maximum Pensionable Earnings used in the calculation of the Canada Pension Plan Average Earnings will be that for the 60 months during which the Plan member first attained that level of salary.

CANSIM Rate

加拿大银行审查（Cansim Series V 12215）在加拿大银行审查中发表的5年个人固定期限银行存款利率的平均收益率的平均收益率。

Commuted Value

The commuted value, calculated on the date of termination of employment, death, retirement or at the late pension commencement date, is the amount that has to be invested today to pay for the pension that is payable in the future. The value is calculated on the advice of the Plan actuary in accordance with regulatory requirements and takes into account several variables such as life expectancies and interest rates relevant at the time of payout.

Credited Service

这段时间的服务哟u make or have made contributions to the Defined Benefit component of the University of Winnipeg Trusteed Pension Plan and its predecessor plan. It also includes Service while a Plan member is employed and in receipt of benefits from the University of Winnipeg Long Term Disability Plan.

Deferred Pension

从正常养老金开始日期开始的年度养老金金额，该计划成员的雇用在退休年龄之前已终止的计划成员有权。根据计划成员的学分服务，基本薪水和年度最高养老金收入，延期养老金是根据终止日期的。

定义的福利计划

A Defined Benefit (DB) plan has a prescribed formula in accordance which pension benefits are determined, taking into account service, average earnings, maximum benefit under the plan, etc.

定义的贡献Plan

也称为货币购买计划，定义的捐款（DC）计划为每个成员提供一个单独的帐户。成员和雇主的贡献是定义的，但计划福利尚不清楚。收益是终止或退休时累计成员和雇主捐款和投资收入的金额。

多余的盈余

The Income Tax Act does not permit the employer to make contributions where the plan is in "excess surplus" position, meaning that the surplus in the plan is in excess of a certain level. That level is the lesser of:

1. 计划负债的20％，以及
2. the greater of:
   1. 负债的10％，以及
   2. 2 years' contributions (member and employer)

Final Average Earnings

The annual average of the Plan member's Basic Salary in the 60 months of Service when such Basic Salary was highest during the 15 years prior to the date of death, retirement or termination of employment.

几何平均值

The geometric average calculation is different from a simple arithmetic average calculation which is the sum of a series of numbers divided by the count of the numbers in the series. The arithmetic average is used when each number in the series is independent and has no relationship to the other numbers, such as average test scores for a group of students.

However, there are instances where it is not appropriate to use the arithmetic method to calculate the average of a series of numbers, such as when calculating average investment returns where compounding is a factor.

例如，如果您使用算术方法来计算四年期间的养老基金的平均收益（假设收益率以下：一年级-23％，第二年级18％，第三年，20％和第四年15％），结果看起来像这样：（-23％ + 18％ + 20％ + 15％） /4 =在四年期间每年平均收益7.5％。但是，投资回报并非彼此独立。一年内获得的投资回报改变了养老基金的总价值，因此对次年获得的收益产生了影响。例如，如果您有一年的重大损失，那么在次年投资的资金较少，如果您获得可观的收益，则相反的情况适用。因此，使用几何平均值来计算复合是一个因素的投资回报。

计算几何平均值比计算算术平均值要复杂一些。公式如下：您在每个数字中添加一个（这消除了负百分比的问题），然后将所有数字乘在一起，接下来，您将产品提高到One的功率，而不是系列中的数字计数，并从结果中减去一个。

Using the above investment return example, the calculation using the geometric average would look like this: [(.77 x 1.18 x 1.20 x 1.15) ^ (1/4)] - 1. This calculation results in a geometric average annual return of 5.819%. This is considerably different from the arithmetic average of 7.5%, but none-the-less a more accurate reflection of the actual average annual returns over the four year period.

The following table illustrates the difference between arithmetic average and geometric average by showing the result of applying the arithmetic average of 7.5% per annum, versus the geometric average of 5.819% per annum to $1,000 over a four year period, as compared to the actual investment earnings.

Locked-In Contributions

Contributions made by you and the University on your behalf, which cannot be received as a cash refund in accordance with the Manitoba Pension Benefits Act. You must receive a Deferred Pension with these Locked-In contributions unless the Deferred Pension will be less than 4% of the Year's Maximum Pensionable Earnings (YMPE), or if the Commuted Value of the Deferred Pension is less than 4% of the YMPE (20% of the YMPE after May 31, 2010). Locked-in contributions may be transferred on termination of employment to your Locked-In Retirement Account (LIRA) which is a special type of a Registered Retirement Savings Plan administered in accordance with regulations of the Manitoba Pension Benefits Act.

Normal Pension Commencement Date

学术雇员 - 9月1日与65岁（直到2010年5月31日）的下一个或下一个年龄段或下一份。对于在2010年5月31日之后获得NPCD的学术员工，NPCD是本月的第一个偶然的，与65岁的年龄达到了下一个或下一个。

Support Employees - First of the month coincident with or next following attainment of age 65.

Reduced Appointment

减少的任命是指由UWFA集体协议第27条，UWFA-Collegiate集体协议第29条和AESES集体协议第20条的养老金累积的《 UWFA集体协议》第27条所述的相互同意的期限减少的工作量。减少的任命受所得税法规第8507段概述的限制。

Service

The length of time you have been employed by the University of Winnipeg including paid and unpaid leaves of absence.

Spouse

"Spouse" means a person who is married to the Plan member or, for a Plan member who is not married, a person who is publicly represented by the Plan member as his/her Spouse

(i) for a period of not less than 3 years where either of the persons is prevented by law from marrying the other or,

(2)在一段时间内不少于1年,东北ither of them is prevented by law from marrying the other.

Total Disability

To be considered to be totally disabled, you must be under the continuous care of a physician. You are considered to be totally disabled during the first 24 months of disability if you are deemed by the insurer to be unable to do the substantial portion of the regular duties for your own occupation.

After the first 24 months of disability, you are considered to be totally disabled if you are deemed by the insurer to be unable to earn at your own or any other occupation for which you are reasonably fitted by education, training or experience, and for which the current earnings are more than 75% of your pre-disability earnings.

可信度计划

A plan whose funds are held and invested by trustees. All trustees are charged with the fiduciary responsibility of discharging their duties with respect to the plan solely in the interests of participants and beneficiaries.

Vesting

Defined Benefit- The right of a Plan member on termination of employment to a Deferred Pension under the Defined Benefit component of the Plan, calculated in accordance with the provisions of the Plan.

定义的贡献- The right of a Plan member on termination of employment to the required contributions made by the member and the required contributions made by the University on the Plan member's behalf.

Year's Basic Exemption (YBE)

在加拿大养老金计划下，每年定义的金额（2022年的3,500美元）。

年度最高贡献收入

The maximum amount of your earnings that is subject to pension contributions.

(i) for calendar years 1997 to 2004 inclusive, $95,000; and

(ii) for each subsequent year, the sum of :

a）$ 86,111;和

b) 30% of the YMPE for that year.

2005 $98,441

2006 $98,741

2007 $ 99,221

2008 $99,581

2009 $100,001

2010 $100,271

2011年$ 100,601

2012年$ 101,141-定义的福利计划成员

2012年$ 110,141-定义的供款计划成员

2013 $101,441 - Defined Benefit Plan members

2013 $120,441 - Defined Contribution Plan members

2014年$ 101,861-定义的福利计划成员

2014 $120,861 - Defined Contribution Plan members

2015 $102,191 - Defined Benefit Plan members

2015 $121,191 - Defined Contribution Plan members

2016年$ 102,581-定义的福利计划成员

2016 $121,581 - Defined Contribution Plan members

2017 $102,701 - Defined Benefit Plan members

2017年$ 126,701-定义的供款计划成员

2018 $ 102,881-定义的福利计划成员

2018 $ 131,881-定义的供款计划成员

2019 $103,331 - Defined Benefit Plan members

2019 $132,331 - Defined Contribution Plan members

2020 $103,721 - Defined Benefit Plan members

2020 $ 132,721-定义的供款计划成员

2021 $104,591 - Defined Benefit Plan members

2021 $133,591 - Defined Contribution Plan members

2022 $105,581 - Defined Benefit Plan members

2022 $ 134,581-定义的供款计划成员

年度最高养老金收入（YMPE）

The amount from year to year as defined as such under the Canada Pension Plan ($64,900 for 2022).