/* Please refer to readme.html for full Instructions Text[...]=[title,text] Style[...]=[TitleColor,TextColor,TitleBgColor,TextBgColor,TitleBgImag,TextBgImag,TitleTextAlign,TextTextAlign, TitleFontFace, TextFontFace, TipPosition, StickyStyle, TitleFontSize, TextFontSize, Width, Height, BorderSize, PadTextArea, CoordinateX , CoordinateY, TransitionNumber, TransitionDuration, TransparencyLevel ,ShadowType, ShadowColor] */ var FiltersEnabled = 0 // if your not going to use transitions or filters in any of the tips set this to 0 /* index reference goes here as a shortcut to look up */ Indx[0]=["#ae"] Indx[1]=["#annualized"] Indx[2]=["#average_ympe"] Indx[3]=["#basic"] Indx[4]=["#primary"] Indx[5]=["#secondary"] Indx[6]=["#bridge"] Indx[7]=["#commuted"] Indx[8]=["#cpi"] Indx[9]=["#contributory"] Indx[10]=["#db"] Indx[11]=["#eligibility"] Indx[12]=["#free"] Indx[13]=["#leaves"] Indx[14]=["#partially"] Indx[15]=["#past"] Indx[16]=["#pension"] Indx[17]=["#qualifying"] Indx[18]=["#refundable"] Indx[19]=["#totally"] Indx[20]=["#t_p"] Indx[21]=["#disability"] Indx[22]=["#vest"] Indx[23]=["#ympe"] Indx[24]=["#cola"] Indx[25]=["#joined"] Indx[26]=["#retirementages"] Indx[27]=["#current_annualized"] /* From the index above, use the reference to match the definition */ Text[0]=["Annualized earnings","These are earnings a member is credited with in a calendar year that count toward his or her HOOPP pension. If a member works less than one full year his or her annualized earnings will be based on what the member would earn if he or she worked full time for the whole year"] Text[1]=["Average annualized earnings","This is the highest average of a member's annualized earnings during any consecutive period(s) of five years of eligibility service before his or her HOOPP benefit is calculated. Benefits are calculated when a member retires, terminates, or dies"] Text[2]=["Average YMPE","This is the average of the year's maximum pensionable earnings (YMPE) for the three years before a member's benefit is calculated. Benefits are calculated when a member retires, terminates, or dies"] Text[3]=["Basic lifetime pension","This is the monthly lifetime pension a member will receive from HOOPP at retirement based on HOOPP's pension formulas"] Text[4]=["Primary beneficiary","Under provincial pension legislation, a member's qualifying spouse is automatically the member's primary beneficiary. If the member has no spouse, or spousal benefits have been waived, the member can name any person, persons, organization, or his or her estate as primary beneficiary"] Text[5]=["Secondary beneficiary","If the member's qualifying spouse predeceases the member, the member's secondary non-spouse beneficiary – a person, persons, organization, or his or her estate – will receive any death benefit payable after both the member and spouse have died"] Text[6]=["Bridge Benefit","The early retirement bridge benefit is a monthly payment that supplements a member's basic lifetime HOOPP pension until age 65 when government pensions normally begin. A member will receive the bridge if he or she retires from HOOPP while aged 55 to 64"] Text[7]=["Commuted value","The commuted value of a member's pension is the estimated amount of money HOOPP needs now to pay the member's pension in retirement, based on the member's service and earnings to date. The commuted value fluctuates with changes in factors such as the member's age and interest rates"] Text[8]=["Consumer price index","Statistics Canada produces the consumer price index (CPI), as a monthly measure of the rate of inflation. The CPI is based on the cost of a 'basket' of approximately 600 goods and services, and is regularly adjusted to reflect seasonal changes and changes in consumer habits"] Text[9]=["Contributory service","This is the length of time, measured in years and part years that the member has contributed to HOOPP. It includes any past service the member buys, service transferred into HOOPP, or service received while disabled"] Text[10]=["Defined Benefit Plan","In a defined benefit plan members' benefits are determined by a formula usually based on years of service times earnings, rather than by the investment returns made on their pension contributions"] Text[11]=["Eligibility service","This is the total of all periods when the member accrued contributory service, but also includes periods when the member switched from full-time to part-time and elected not to contribute, and any periods required by pension law in the event of a divestment or merger"] Text[12]=["Free accrual","This is service for which neither the member nor the employer made contributions. It can be credited to the member during a health leave or total disability leave if the member submits medical evidence showing he or she meets HOOPP's definition of partially disabled, totally disabled, or totally and permanently disabled"] Text[13]=["Leaves","A leave is a period of time when a member is absent from work. In most cases a leave must be approved by a member's employer"] Text[14]=["Partially disabled","Being partially disabled means the member has a medically-certifiable physical or mental impairment that HOOPP has determined currently prevents the member from doing his or her own job"] Text[15]=["Past service pension adjustment","A past service pension adjustment (PSPA) is the deemed value of pension benefits purchased in one year for service in a previous year or years"] Text[16]=["Pension adjustment","A pension adjustment (PA) is the deemed value of the benefits a member earns every year in a registered pension plan such as HOOPP"] Text[17]=["Qualifying spouse","A qualifying spouse is someone who, at the time a determination is needed: "] Text[18]=["Refundable contributions","Under provincial pension legislation, a member can not pay for more than half of the value of his or her pension. At the time the member retires, terminates membership in HOOPP, or dies (before retirement), HOOPP will calculate the commuted value of the member's pension and compare that amount with the required contributions the member has made to the Plan, plus interest on those contributions. If the member's contributions and interest are more than half of the value of his or her pension, the extra amount will be refunded to the member"] Text[19]=["Totally disabled","Being totally disabled means the member has a medically-certifiable physical or mental impairment that HOOPP has determined currently prevents the member from doing any job"] Text[20]=["Totally and permanently disabled","Being totally and permanently disabled means the member has a medically-certifiable physical or mental impairment that HOOPP has determined will prevent the member, for the rest of his or her life, from doing any job"] Text[21]=["Total disability leave","A member who is unable to work at any occupation due to a disability can be placed on a total disability leave. The leave begins four years from the member's last day at work, and can continue until the member returns to work, recovers, reaches age 65, builds 35 years of contributory service, dies, retires, or terminates membership in HOOPP. During an total disability leave, a member receives free accrual -- contributory service for which neither the member nor the employer make contributions"] Text[22]=["Vested","A vested member is entitled to a future pension benefit. This occurs at the earliest of:"] Text[23]=["Year's maximum pensionable earnings (YMPE)","The year's maximum pensionable earnings (YMPE) is set each year by the federal government, based on the average wage in Canada. In 2010, the YMPE is $47,200"] Text[24]=["Cost of living adjustment", "COLA is guaranteed on the portion of a HOOPP pension built on service accrued prior to 2006. The guaranteed increase is 75 per cent of the previous year's increase in the consumer price index (CPI) to a maximum CPI increase of 10 per cent. If funds permit, the Board of Trustees can top up the guaranteed COLA increase to 100 per cent of the previous year's CPI increase, again to a maximum CPI increase of 10 per cent. COLA is provided on an ad hoc basis for post-2005 service. The non-guaranteed increase can range from zero to 100 per cent of the previous year's CPI increase, to a maximum CPI increase of 10 per cent. HOOPP's Board of Trustees decides on the ad hoc COLA rate each year."] Text[25]=["Date you first joined HOOPP", "This is the date you started building contributory service in HOOPP. Don't know the date? To find it, look to your most recent HOOPP Annual Statement. You'll see contributory service expressed in years and part-years. So, if your statement says you have 10.5 years of contributory service as of Dec. 31, 2007, the day you first joined HOOPP would be 10.5 years earlier, or June 30, 1997"] Text[26]=["Retirement ages", "For the purposes of the calculator, you can select from four different retirement ages. Age 55 is the earliest day a vested member can retire from HOOPP. Age 60 is the earliest date a vested member can retire without any early retirement reductions. Age 65 is HOOPP's normal retirement age, and age 71 is the latest age that you can retire."] Text[27]=["Annualized earnings", "These are earnings you are credited with in a calendar year that count toward your HOOPP pension. If you work less than one full year your annualized earnings will be based on what you would earn if you worked full time for the whole year."] Style=["white","black","#0A4C84","#F0F5F9","","","","","","","","","","",200,"",2,2,10,10,"","","","",""] applyCssFilter()