[OnTheIce]

PublicAnimalNo9 PublicAnimalNo9:

romanP romanP:

Don't worry about it, there'll be a nice $9B prison you can inhabit once you're homeless.

Yeah ok. If yer in such a position that $142 a year means the difference between having a roof and being homeless, EI premiums are the least of your problems.

Well said.

[Brenda]

PublicAnimalNo9 PublicAnimalNo9:

romanP romanP:

Don't worry about it, there'll be a nice $9B prison you can inhabit once you're homeless.

Yeah ok. If yer in such a position that $142 a year means the difference between having a roof and being homeless, EI premiums are the least of your problems.

[sarcasm]Yeah, but it is your own fault that you are in that position the first place. Ya should have gotten an education!![/sarcasm]

[EyeBrock]

BeaverFever BeaverFever:

So it sounds like you have a DB Registered Pensoin Plan. The Income Tax Act requires that for plans that allow or require employee contributions, the employee's contributions can not pay for more than 50% of the plans' stated retirement benefit.

Mandatory DB RPP contributions can not exceed the lesser of 9% of pay or the year's annual limit ($16,659 for 2011).

If you are paying more than that, you may be paying for optional or anciliary benefits, such as inflation adjustment to your pension benefit, an early retirement bridge benefit (until you become eligible for OAS/CPP) or a money-purchase add-on.

Sadly, I do alot of work with employer-sponser pensoin plans and most plan members have no idea what they have or why they have it.

Wrong. Firefighters and others who retire at 60 instead of 65 have to pay higher premiums. As in 13.9.

Hefty premium eh?

http://www.omers.com/corporate/news_art ... ewsid=4283

[Curtman]

Where is that Steve these days?

[OnTheIce]

Curtman Curtman:

Where is that Steve these days?

Why do people like you, expect different from politicians than you do yourself?

You don't just ignore the realities around you for the sake of staying true to something you said months ago.

Things change....in politics and in life.

The sooner we stop playing political games, expect that change happens and stop demanding that these guys make promises in order to win your vote.

[Curtman]

OnTheIce OnTheIce:

Why do people like you, expect different from politicians than you do yourself?

You don't just ignore the realities around you for the sake of staying true to something you said months ago.

Things change....in politics and in life.

The sooner we stop playing political games, expect that change happens and stop demanding that these guys make promises in order to win your vote.

The reality is that the GST cut cost us about 13 billion per year, and the EI premium increase is supposed to bring in 13 billion per year. All they've done is shift some of the value-added tax and made it a payroll tax. Exactly what they spent years telling us was a horrible idea.

The sooner you quit pretending up is down and black is white, the sooner we can have a real conversation. Hopefully one where you are able to refrain from calling anyone a "tard".

[OnTheIce]

Curtman Curtman:

The reality is that the GST cut cost us about 13 billion per year, and the EI premium increase is supposed to bring in 13 billion per year. All they've done is shift some of the value-added tax and made it a payroll tax. Exactly what they spent years telling us was a horrible idea.

The sooner you quit pretending up is down and black is white, the sooner we can have a real conversation. Hopefully one where you are able to refrain from calling anyone a "tard".

A real conversation isn't "real" unless the other side is on the same page...according to you.

Secondly, EI premiums and income from GST aren't comparable; even if the amounts are the same. We'd still have EI problems with the GST at it's original level.

People make mistakes, hell, maybe Harper even knows he made mistakes and is making changes to correct his mistakes.

If he didn't raise money for EI, you'd be down on him for allowing the EI system to crumble.

You see everything that Harper does as bad....and I'll call you a "tard" as long as you continue to look past reality for the sake of your lame partisan arguments.

[EyeBrock]

I agree with you on this subject OTI but you are hardly one to preach about forgetting partisan politics mate.

[OnTheIce]

EyeBrock EyeBrock:

I agree with you on this subject OTI but you are hardly one to preach about forgetting partisan politics mate.

Have I posted partisan stuff? Of course.

However, since the election, I have been anything but..I'm tired of the BS in politics, from all parties, and have made that very well known.

I've realised that type of attitude towards politics and politicians is one of the many things wrong with politics in Canada today.

[BeaverFever]

EyeBrock EyeBrock:

BeaverFever BeaverFever:

So it sounds like you have a DB Registered Pensoin Plan. The Income Tax Act requires that for plans that allow or require employee contributions, the employee's contributions can not pay for more than 50% of the plans' stated retirement benefit.

Mandatory DB RPP contributions can not exceed the lesser of 9% of pay or the year's annual limit ($16,659 for 2011).

If you are paying more than that, you may be paying for optional or anciliary benefits, such as inflation adjustment to your pension benefit, an early retirement bridge benefit (until you become eligible for OAS/CPP) or a money-purchase add-on.

Sadly, I do alot of work with employer-sponser pensoin plans and most plan members have no idea what they have or why they have it.

Wrong. Firefighters and others who retire at 60 instead of 65 have to pay higher premiums. As in 13.9.

Hefty premium eh?

http://www.omers.com/corporate/news_art ... ewsid=4283

Well yeah, you're right about that for designated public safefy occupations. Note, however, that the 13.9% applies only to the amount of your earnings that are in excess of the YMPE. And it's still reducing your taxable income currently.

[andyt]

As near as I can figure it, Brock pays 9.5% on earnings above YMPE, 6.? below that, plus a 2% surcharge for some other part of the plan. On 100k he'd pay about 10% overall. As would his employer.

Brock, if you're going to argue about this, shouldn't you at least know what you pay and what your employer pays?

[EyeBrock]

andyt andyt:

As near as I can figure it, Brock pays 9.5% on earnings above YMPE, 6.? below that, plus a 2% surcharge for some other part of the plan. On 100k he'd pay about 10% overall. As would his employer.

Brock, if you're going to argue about this, shouldn't you at least know what you pay and what your employer pays?

I'm not arguing about it. You are.

[andyt]

EyeBrock EyeBrock:

andyt andyt:

As near as I can figure it, Brock pays 9.5% on earnings above YMPE, 6.? below that, plus a 2% surcharge for some other part of the plan. On 100k he'd pay about 10% overall. As would his employer.

Brock, if you're going to argue about this, shouldn't you at least know what you pay and what your employer pays?

I'm not arguing about it. You are.

You brought up your pension, nobody else. You maintain that you deserve it because you pay for it. Other Ontarians might say they pay for your pension too, but they don't get to have one like you do. And since you can deduct your pension from federally taxed income, I'm paying towards your pension too.

[EyeBrock]

And I'm paying for yours too andy. But I'm paying more to yours than you are to mine.

[PublicAnimalNo9]

Brenda Brenda:

PublicAnimalNo9 PublicAnimalNo9:

romanP romanP:

Don't worry about it, there'll be a nice $9B prison you can inhabit once you're homeless.

Yeah ok. If yer in such a position that $142 a year means the difference between having a roof and being homeless, EI premiums are the least of your problems.

[sarcasm]Yeah, but it is your own fault that you are in that position the first place. Ya should have gotten an education!![/sarcasm]

Nah, ya just gotta be able to differentiate between needs and wants and not jump on every latest gadget that comes out.