How is Pension Plus 2 different from the original Pension Plus?
The main difference is the member contribution rate, which will now be split with the employer 50/50. The member rate will be 6.2% in 2018, but could change in future years. Another difference is that an employee must elect Pension Plus 2 to participate in it. If an employee does not make an election he or she will be enrolled in the DC plan.