Understanding Your Qualified Pension Plan (QPP) Statement

• Math
• 5th Grade

Understanding Your Qualified Pension Plan (QPP) Statement

Learning Objectives

At the end of the lesson, you will understand the components of the Member Contributions Accumulation Fund (MCAF) and the Annuity Savings Accumulation Fund (ASAF).

What do you already know about your Qualified Pension Plan (QPP) statement?

Components of the QPP Statement

Details of the Member Contributions Accumulation Fund (MCAF) and the Annuity Savings Accumulation Fund (ASAF)

Explanation of MCAF and ASAF

MCAF comprises of contributions and interest, ASAF holds supplemental contributions

Understanding Conversions/Adjustments and Investment Elections

Conversions/Adjustments: Changes affecting the fund balance, Investment Elections: Choices for contribution allocation

Interpretation of Loan Information

Loan details including balance, available amount, and total outstanding loan balance

Learning Goals

At the end of the lesson, you will be able to interpret the various sections of a QPP statement, including contributions, loans, and investment elections.

Learning Goals

At the end of the lesson, you will know how to calculate the closing balance of your QPP account using the provided figures.

Definition List

Qualified Pension Plan (QPP), Member Contributions Accumulation Fund (MCAF), Annuity Savings Accumulation Fund (ASAF), Conversions/Adjustments, Investment Elections, Total QPP/TDA Contributions, Loan Information

Write down 3 things you learned in this lesson.

Have students enter three things they learned in this lesson. With this they can indicate their own learning efficiency of this lesson.

Write down 2 things you want to know more about.

Here, students enter two things they would like to know more about. This not only increases involvement, but also gives them more ownership.

Ask 1 question about something you haven't quite understood yet.

The students indicate here (in question form) with which part of the material they still have difficulty. For the teacher, this not only provides insight into the extent to which the students understand/master the material, but also a good starting point for the next lesson.