What is the difference between an unreduced pension and a full pension?
An ‘unreduced’ pension is provided when there will no longer be an actuarial reduction assessed against your pension as you have reached 85 points (age plus service equals 85 points). Prior to achieving 85 points, a pension is reduced by 3 percentage points for each point a member has less than 85. A ‘full’ pension is provided after the age of 55 and if you have attained 35 years of service. 35 years of service is the maximum amount of service on which a pension can be calculated. Members who attain 35 years of service are no longer required to contribute to the Plan.
