Your 2015 contribution rates

January 05, 2015

Click here for an overview of contribution rates and answers to frequently-asked questions.

Each year, you must contribute a certain percentage of your salary to the Teachers' pension plan. Your contribution is then matched by the Ontario government (school boards) or designated employers (private schools and organizations).

We use a two-tiered formula to calculate your contributions to the plan. Contributions are lower on salary up to the Canada Pension Plan (CPP) contributions and benefits limit, and higher on any salary above the CPP limit.

In 2015, the maximum amount of salary on which you contribute to CPP is $53,600. On your salary up to the CPP limit, you will contribute 11.5% to your Teachers' pension. On your salary above the CPP limit, you will contribute 13.1% to your Teachers' pension.

The rates are in effect January 1, 2015.

How will the 2015 contribution rate affect you?

The impact of the contribution rate will vary from person to person, depending on how much you earn. This chart shows the total contributions that will be deducted in 2015 for your Teachers' pension based on various gross salaries.

Annual Salary Annual Contributions



$30,000 $3,450 $3,450
$40,000 $4,600 $4,600
$50,000 $5,750 $5,750
$60,000 $7,002 $7,020
$70,000 $8,312 $8,330
$80,000 $9,622 $9,640
$90,000 $10,932 $10,950
$100,000 $12,242 $12,260

*Numbers calculated used the 2015 CPP limit of $53,600.
**Numbers calculated used the 2014 CPP limit of $52,500.