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Pension Adjustment - PA. DEFINITION of 'Pension Adjustment - PA'. The amount of contributions that can be made to a Registered Retirement Savings Plan (RRSP) on top of any contributions to a Registered Pension Plan (RPP) in a given year. BREAKING DOWN 'Pension Adjustment - PA'.
The amount that you have to contribute is outlined in a Rates & Adjustment Certificate that forms part of the formal valuation of the Pension Fund. The date of the last valuation was 31 March 2016 with employer contribution rates being set for the period 1 April 2017 to 31 March 2020.