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Contributing to the Plan
The required contributions are 10% of your annual Indemnity plus 10% of your Executive Council Salary. Contributions are paid on each component for a maximum of 20 years, or until you have reached the maximum total accrual of 75% (70% if first elected on or after October 8, 2013). At age 71 contributions cease, and you are entitled to start drawing a pension even if you are still serving as an MLA.
Contributions go into the Province's General Revenue Fund, from which pension benefits are paid.
The Province pays the difference between member contributions and the total cost of pension benefits.