Find answers to your HEPP COLA questions

• Can I see how much I have contributed to the COLA Plan?

  If you are an active HEPP member, you can see the total amount of your individual annual contributions to the COLA Plan on the Annual Pension Statement that HEB Manitoba provides for you each year.

• Will my contributions to the COLA Plan affect my personal investments?

  The COLA Plan contributions increase the contribution amount being remitted to over 18% of pensionable earnings, which is the maximum that the Income Tax Act allows.
  
  As a result, you will not be able to contribute as much to your personal Registered Retirement Savings Plan (RRSP).
  
  For more information on tax implications specific to you, please contact a tax advisor or the Canada Revenue Agency.

• Will my individual contributions to the COLA Plan be refunded when I leave my job or retire?

  No, all contributions made to the COLA Plan are used to provide COLA benefits to retired HEPP members. Your individual payments are not refundable when you terminate employment, retire, or die.