A regular employee must wait one year from the date of employment to become eligible to apply for enrollment in the Pension Plan. A regular employee is defined as one who has been employed and maintains employment for a minimum of 20 hours per week and who receives $2,000 or more per month (salary plus benefits). Part-time employees who meet the requirements under provincial pension legislation must be offered the plan and may choose to participate.
The employer should ensure that an APPLICATION FORM is completed as part of the hiring procedure. The employee should provide the employer with a copy of proof of date of birth as this is necessary to ascertain date of vesting and normal retirement date.
The APPLICATION FORM is sent to the FBP Administrator and a copy should be retained by the employer as it provides the employer authorization to begin payroll deductions on the eligible date.