2011 Pension Adjustments

Method 1: Download the PA calculator

The PA Calculator is an Excel spreadsheet. Use it to calculate PAs for both normal retirement age 60 and 65 members. Normal retirement age does not affect PA calculations.
Record the PA in Box 52 on the member's 2011 T4.

Right-click on the link below and select 'Save target as'
Download Excel PA Calculator 
(Do not use it within the browser, save to your computer first)

Instructions

Have ready the member's 2010 credited service and contributory earnings.

The following form appears:

 

Description of precalculated fields
Annualize	Shows whether the contributory earnings used in the BE calculation are annualized (Yes or No).
Annualized earnings	Contributory earnings used in the BE calculation (annualized when a member has less than 12.00 months of credited service).
Pension formula for 2011	The accrued OMERS pension benefit for 2011 (the BE pro-rated for members with less than 12.00 months of credited service).
Max BE	Indicates whether the BE is over the 2011 maximum of $2,552.22 (Yes or No).
BE	Benefit entitlement
PA offset	$600 for members with 12.00 months of credited service (pro-rated for members with less than 12.00 months of credited service).
PA to report	The member's PA (round this amount to the nearest dollar).