Other Forms of the Question
- Are my payroll contributions eligible for bonuses?
- Why aren't my payroll contributions eligible for bonuses?
Answer:
Contributions made off your paycheque are not eligible for bonuses. To qualify for bonuses, contributions must come from a personal chequing or savings account, not directly from a paycheque via payroll deduction. There are several reasons for this:
- Many PSWs have more than one employer, which makes payroll deduction logistically complex
- If the member changes jobs, payroll deductions create complications and put bonus eligibility at risk
- Contributing from a bank account is simpler for tax filing purposesIt gives the member full control and ownership over the flow of their savings and bonus eligibility
- It gives the member full control and ownership over the flow of their savings and bonus eligibility