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E-Update for employers

As an employment pension plan, the CSS Pension Plan works closely with our employer members to administer Plan benefits to participating employees.

To help your organization stay current on the latest Plan news, programs and services, as well as changes to the pension landscape, we've developed the E-Update - an e-newsletter for employers.

To subscribe to the E-Update, email communications@csspen.com with "Subscribe to CSS E-Update" in the subject line.

E-Update archive

Annual statements

2017 annual statements for active contributors will be delivered to employers for distribution in mid-February 2018. When the statements are received they should be distributed immediately to member employees.

Employers receiving statements for employees who have recently terminated employment, should:

Forward those statements to their former employees, AND
Immediately notify the CSS Pension Plan of the termination date and home address for each former employee

CSS Pension Plan contribution limit

For 2018, the CRA maximum contribution limit for employee members of defined contribution pension plans is the LESSER of:

18% of the employee's compensation for the year, or
$26,500 (the CRA money purchase limit)

2018 Yearend procedures

Managers and payroll departments: To help you with the year-end administration of Plan benefits, we've compiled an information sheet that includes details on contribution deadlines, remitting contributions, T4 information, the 2019 contribution limit and more.

2018 Yearend procedures

Canada Post service disruption

Mail to and from the CSS Pension Plan may be delayed due to Canada Post service disruptions in certain locations.

If you are sending a remittance cheque

The CSS Pension Plan encourages employers to forward contribution funds to the Plan in the form of an electronic funds transfer (EFT). EFT is a convenient and cost effective way to submit your contribution funds. For more information on submitting payments by EFT or if you require assistance, please contact Gayle Richmond.

Due to legislative requirements, the payment of these funds to the Plan cannot be delayed. If you do not have the option to send an electronic payment, you must courier your remittance cheque to:

CSS Pension Plan

Fifth floor, 333 – 3rd Ave. N.

Saskatoon, SK S7K 3S2

If you require new member kits

New member kits will be mailed to employers following any possible Canada Post service disruption. In the meantime, new members can view the kit materials on our website.

If you have other questions regarding a potential service disruption, please

contact us.