Accessing Pension and Disibility Plans

 

PENSION PLAN:


Accessing Benefits:

 

  

 

Eligibility:

 

 


Contributions:

 

 

 

Normal Retirement Date:
 

 

 

Early Retirement Date:                 

As of September 1, 2011:
 

- For pension earned for service before September 1, 2011, no reduction, and

- For pension earned for service on/after September 1, 2011, 4% reduction for each year retirement precedes age 55.

 

 

For retirements between age 55 and age 60:

 

- No reduction if Rule of 80 is met,

- Otherwise, 4% reduction for each year retirement precedes earlier of age 60

 


Cost of Living Adjustment:


An amount equal to at minimum 50% of the percentage change in the CPI.   (Presently COLA is at 80% each year - 2016)

 


Survivor Pension:

 

 

 

Short Term Disibility:

You may be eligible for short-term disibility in the case you don't have the required sick days to get you to Long Term Disibility.  Please contact the Union office to make arrangements to fill out the appropriate paperwork.

 


Long Term Disability Plan:


Accessing Benefits

 

 

 

 

 

 

 

Updated last March 16/16