All Desjardins Group salaried employees aged from 25 up to 65 years old are required to sign up for the Desjardins Group Pension Plan (DGPP). Membership is optional for those under the age of 25 or 65 and over.
However, in addition to the age criterion, you must also satisfy the following conditions, depending on your employee status.
To determine eligibility, the hours worked or remuneration earned in the service of one or more Desjardins employers must be cumulative. The employer must ensure that eligibility criteria are met.
You will be notified via Workday if you meet the participation criteria.
If you are a regular full-time employee:
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• Membership is immediate.
If you are a regular part-time employee:
Membership is immediate if you meet one of the following criteria:
• You have a regular work schedule of 14 or more hours per week.
• During the previous calendar year, you were employed by one or more Desjardins Group employers at least 700 or your total remuneration equalled or exceeded 35% of the maximum pensionable earnings (MPE) for the Québec Pension Plan (QPP) or the Canada Pension Plan (CPP) for the previous year.
If you do not meet any of the preceding criteria, your membership will begin:
• As soon as you have a regular work schedule of 14 or more hours per week.
• On January 1 of the following year, if you were employed by one or more Desjardins Group employers at least 700 hours or if your total remuneration equalled or exceeded 35% of the MPE.
In all other cases:
Membership is immediate if you were employed by one or more Desjardins Group employers at least 700 hours or your total remuneration equalled or exceeded 35% of the MPE during the previous calendar year.
If you are not eligible immediately, your employer will check again to see if you are eligible on January 1 of the following year (e.g. on January 1, 2024, your employer will check to see if you are eligible by considering the number of hours worked or the remuneration earned in 2023).