What happens to pension and benefit contributions while an employee is on leave?
No pension contributions will be made during the employee’s leave, however, he or she may buy back the leave of absence period after their return to work. Benefit contributions are to be prepaid prior to the commencement of the leave. For further information on other benefits, the employee should contact the HR Service Centre at 403-268-5800 prior to their leave.
Related Questions
- What happens to an employee retirement benefits that is already under a pension scheme before the commencement of the Act?
- Under a Defined Benefit plan, are the employee contributions with interest representative of the value of the pension?
- What happens to FSA contributions (paycheck deductions) when an employee goes on a leave of absence?
