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How much must I contribute to the QPP as a Tier VI member?

Contribution rates are based on annual wages earned during "plan years," as indicated in the table below.

Salary Contribution Rate
$45,000 and less 3.00%
More than $45,000 to $55,000 3.50%
More than $55,000 to $75,000 4.50%
More than $75,000 to $100,000 5.75%
More than $100,000 6.00%

A plan year is defined as the period of time from January 1 to December 31. (Prior to January 2017, plan years began April 1 and ended March 31.) QPP contribution rates are subject to change as of January 1, the start of the new plan year. If TRS determines that a rate change is required, we will notify you in advance; contribution rate changes take effect on the first available payroll in January. If TRS does not notify you, your contribution rate would remain the same for the next plan year.