Slight Increase Coming in April
College Pension Plan Members (BCGEU, SCFA and Exempt) and the employer (Selkirk College) will see a contribution rate increase of 0.1 per cent effective April 1, 2016. That means rates for both members and employers are going up $1 for every $1,000 of salary.
Current member rate of 9.86% will increase to 9.96% and current employer rate of 9.96% will increase to 10.06%.
See below communique from the College Pension Plan for details.