(b) Beginning on January 1, 2015, the minimum wage shall be an hourly rate of. $8.40 an hour; beginning on January 1, 201 the minimum wage shall be an hourly rate 7. of $9.20 an hour; and beginning on January 1, 201 the minimum wage shall be an 9. hourly rate of $10.10 an hour.
The pension adjustment (PA) amount is the value of the benefits you earned in 2014 under your employer's registered pension plans (RPP) and deferred profit sharing plans (DPSP), and possibly, some unregistered retirement plans or arrangements.
A pension is a retirement plan meant to provide funding in years after retirement usually after age 65. Either the employer or employee set aside a % of the employeeâs salary and store it in an account, with or without taxes paid. The account may be combined with the accounts of other employees, sometimes into a fund.