Corrected Memo

Memo To: All Employees From: Payroll Department CC: HR Department Date: November 29, 2011 Re: Upcoming Changes to the Canada Pension Plan Place introduction here "Dear employees" or "To whom it may concern" Changes are being introduced to the Canada Pension Plan (CPP) starting January 1, 2012. . Describe the changes These changes will affect you if you are: Aged 60 to 65 and currently receive a CPP/QPP retirement pension Aged 65 to 70 and currently receive a CPP/QPP retirement pension Describe and explain how these changes will affect my employees These changes will not affect you if you are currently 70 years of age or older. CPP contributions were stopped on the final pay date in the month of your 70th birthday and will not restart in 2012. Note: These changes only apply to CPP contributions. OVERVIEW OF CHANGES The upcoming changes and action required from you, the employee, are detailed balow' Explain what "action" I need from those who are affected Employees aged 60 to 65 who currently receive a CPP/QPP retirement pension As per the legislation, CPP contributions were stopped on the last pay of the month before you began receiving a CPP/QPP retirement pension. Effective your first pay in 2012, the Payroll Department must start deducting CPP contributions from your pensionable wages again. No action is required from you. "We are sorry for the inconvenience. However, we will provide the resources to implement these new changes as smoothly as possible." "Thank you for your time. 1 Best regards, Payroll Department"