Question: The questions below are based on the plan document University of Saskatchewan Non Academic Pension Plan. On page 2, the document states that this is

The questions below are based on the plan document University of Saskatchewan Non Academic Pension Plan.

On page 2, the document states that this is a Defined Benefit Plan. What information in the plan document can you find that proves this is true? Fully explain your answer

Who contributes to the plan? How, specifically, are each partys contributions determined?

When is the normal retirement date? Explain how early retirement and postponed retirement work for this plan.

Locate the pension benefit formula. Explain, in general and in your own words, how increases or decreases in annual earnings would impact the retirement benefit earned by a member.

According to the plan, what are the tax implications of a plan members contributions, the plan sponsors contributions, and the interest earned on contributions?

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