Opening up the pension walletSome employers are upping the ante by offering additional pension credit for top executivesBy Kent Lum11/05/2007|Canadian HR Reporter|Last Updated: 02/07/2008 Top executives at Canadian organizations are getting extra pension credits for years of service as an additional perk, despite rules that limit such practices.Registered pension plans (RPPs) provide pension benefits to members after retirement, subject to the provisions of the Income Tax Act (ITA) and supporting regulations. These provisions limit pensionable service credits to one year for each year of employment with an employer. In addition, the ITA limits the amount of pension a member can accrue for each year of pensionable service under a RPP.So how can additional pensionable service credits be provided to certain executives? The answer: Supplemental employee/executive retirement plans (SERPs). To Read the Full Story, Subscribe or Sign In Remember Me Forgot Password If you are a current Subscriber, please click here to set-up or update your login information.