Interest Rate Tables

Interest Rates and Prescribed Amounts

Below are up-to-date tables of CANSIM rates related to:

• YMPE limits for commutation of small pensions, eligibility of part-time employees, and forced transfers (Table 1B);
• interest rates for defined benefit plans (Table 3); and
• commuted value interest rates; and
• current LIF factors (Table 4).

Please note:  Due to changes to the Canadian Institute of Actuaries commuted values standards, Table 2A and 2B are no longer maintained.

For further information on any of these tables, please contact us.

Table 1B:  Employment Pension Plans Act & Regulation
- Prescribed Amounts (on or after March 1, 2000)

Updated December 17, 2012

YEAR	YMPE $	TABLE 1B
		Commutation of Small Pension		Forced Transfer	Part-Time Eligibility	Financial Hardship Access
		Act 46(1) Reg 45(1)		Act 38(7) Reg 36	Alberta Act 29(2)(b)	Reg 41.1
		Maximum Monthly Pension	Maximum Commuted Value	Maximum Commuted Value	Minimum Annual Earnings	Low Income Threshold
		1/12 of 4% of YMPE $	20% of YMPE $	20% of YMPE $	35% of YMPE $	2/3 of YMPE $
2000	37,600	125.33	7,520	7,520	13,160	n/a
2001	38,300	127.67	7,660	7,660	13,405	n/a
2002	39,100	130.33	7,820	7,820	13,685	n/a
2003	39,900	133.00	7,980	7,980	13,965	26,600
2004	40,500	135.00	8,100	8,100	14,175	27,000
2005	41,100	137.00	8,220	8,220	14,385	27,400
2006	42,100	140.33	8,420	8,420	14,735	28,067
2007	43,700	145.67	8,740	8,740	15,295	29,133
2008	44,900	149.67	8,980	8,980	15,715	29,933
2009	46,300	154.33	9,260	9,260	16,205	30,867
2010	47,200	157.33	9,440	9,440	16,520	31,467
2011	48,300	161.00	9,660	9,660	16,905	32,200
2012	50,100	167.00	10,020	10,020	17,535	33,400
2013	51,100	170.33	10,220	10,220	17,885	34,067

For prescribed amounts prior to 2000, please see Table 1A.

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Table 3:  Interest Rates Applied to Employee Contributions of DEFINED BENEFIT Pension Plans, as per section 26(3) of the Alberta Employment Pension Plans Regulation

Updated April 25, 2013

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Table 4:  Interest Rate for the Life Income Fund (LIF) Term Certain Factors, as per section 40(3)(q) of the Alberta Employment Pension Plans Regulation, and LIF Factors for the Current Fiscal Year

Updated December 17, 2012

TABLE 4

Long Term (10+ Years) Marketable Government of Canada Bonds (Average Yields) CANSIM Series V122487 - November of Prior Year

Year Rate 1998 * = 5.78% 1999 * = 5.35% 2000 * = 6.12% 2001 * = 5.63% 2002 * = 5.66% 2003 * = 5.55% 2004 * = 5.24% 2005 * = 4.87% 2006 * = 4.20% 2007 * = 4.03% 2008 * = 4.22% 2009 * = 4.00% 2010 * = 3.84% 2011 * = 3.60% 2012 * = 2.61% 2013 * = 2.20%   and 6.00% after the first 15 years * when the CANSIM rate falls below 6.00%, a rate of 6.00% is used for all years. Click here for a pdf file showing LIF withdrawal factors for 2013, using an age 85 factor (updated December 17, 2012).

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