We received from the Library of Parliament a briefing note. On page 2, it talks about the following:
When the period during which second additional contributions have been made is less than 480 months, the proposed SAMPE would equal the total of monthly adjusted second additional pensionable earnings, divided by 480.
My understanding is that people who are putting in that second additional pensionable payment will be putting more in. When they go to receive it out, then they will be getting less compared to someone who's been in for 40 years. Is that correct? Could someone explain it?