On July 1, 2021, pension contribution rates will increase by 0.6 per cent of your pensionable earnings.
Learn more about how you contribute and the contribution formula.
When will this be reflected on my pay?
Your contributions are deducted directly from your bi-weekly pay. Depending on what WISE Trust participating employer you work for, you’ll see the contribution increase on the following pay date:
| WISE Trust Participating Employer | Pay |
|---|---|
| Workplace Safety and Insurance Board (WSIB) | July 29, 2021 |
| Infrastructure Health and Safety Association (IHSA) | July 29, 2021 |
| Public Services Health and Safety Association (PSHSA) | July 29, 2021 |
| Workplace Safety and Prevention Services (WSPS) | July 15, 2021 |
| Workplace Safety North (WSN) | July 15, 2021 |
| Workplace Insurance and Safety Employee Trust (WISE Trust) | July 29, 2021 |
Why is this happening?
Since July 1, 2020, member contribution rates have gradually increased by 0.6 per cent of pensionable earnings per year and will do so until the funding for the Plan reaches a 50/50 employer-member cost-sharing ratio. By doing this together, we help maintain a sustainable pension plan!
Learn more about how your WISE Trust pension is funded.
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