When does an employee's membership in the DG Pension Plan begin?
All Desjardins Group salaried employees aged from 25 up to 65 years old are required to sign up for the Plan*. 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:
If you are a regular full-time employee:
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 Régime des rentes du Québec 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** 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 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, 2023, your employer will check to see if you are eligible by considering the number of hours worked or the remuneration earned in 2022).
If your employment terminated and you received a refund from the DGPP, and are later rehired by Desjardins Group, you must meet the eligibility criteria specified above.
Please note that when hired, all eligible employees must fill out the Desjardins Group Pension Plan Membership form. (pdf - 28 kb)
What is meant by “a regular work schedule”?
It is up to the employer to determine the number of hours in a regular work schedule. However, the employer must take into account the definition in the DG Pension Plan Regulation, which reads as follows: “The work schedule of an employee which is repeated from week to week, for at least a four-week duration, or which has already been repeated for such time. Any work schedule combination within that period is also acceptable, provided it is steady and there is regularity in its repetition. Any hours worked in addition to this repetitive schedule are not part of the regular work schedule.”
Can membership in the DG Pension Plan be suspended?
You may suspend your membership in the Plan under specific circumstances only, such as a maternity or parental leave, an unpaid leave, or a transfer to a Desjardins Group employer that does not participate in the DGPP (in this particular case, you must suspend your membership). As you are not contributing to the Plan during this period, it will not be recognized in the calculation of your pension, but it will be included in your continuous service.
If you wish to have this period recognized in the calculation of your pension at a later date, you can buy back past service.
However, following a transfer to a Desjardins Group employer that does not participate in the Plan, you may use the terms applicable in case of termination of employment.
Can an employee withdraw from the DG Pension Plan?
Once you sign up for the Plan, your membership cannot be interrupted. Even if you no longer meet the eligibility criteria, or are under 25, you may not withdraw from the Plan once you have become a member.
You may withdraw only if your employment terminates. If it does and you receive a refund, and are later rehired by Desjardins Group, you must meet the eligibility criteria specified previously.
However, when you reach normal retirement age, i.e. age 65, you may stop contributing to the Plan if you wish.
* In various places throughout the document, “the Plan” will be used to designate the DG Pension Plan.
** 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.
*** For 2022, the MPE is $66,600.