What are my pension options at my normal retirement date (age 65) if I continue to work?
1. You can delay your pension commencement date and you and the University will continue to make contributions to the Pension Plan until the earlier of i) your chosen retirement date, or ii) the latest date permitted by the Income Tax Act (currently age 69 but proposed to change to 71). 2. You can collect your pension, in which case all contributions and group benefit plan coverage will cease. The Income Tax Act requires that I collect my pension at age 69 (proposed to change to 71). Can I continue to work past 69? You can continue to work but all contributions and current group benefit plan coverage will cease. Alternatively, you can access Retirement and Survivor Benefits. How can I find out what my pension will be? The Pension Administration Office offers individual information sessions on pension-related matters. To make an appointment, please call 604-822-8100. Further information on retirement as well as links to other retirement related sites can be found on the Plan’s website.
