Plan change details
Learn how certain plan changes affect you
Changes to the reduction rate
The new reduction rate (6.2 per cent) for early retirement only applies to service earned on or after April 1, 2018. The previous reduction rates (3 per cent/5 per cent per year) and the rule of 85 apply to service earned before April 1, 2018.
If you are 55 years of age and have 35 years of contributory service, the reduction will not affect you.
If you retire at age 60 or later
As with the old rules, you will still qualify for an unreduced pension if, at the date of your retirement, you have two or more years of contributory service. The reduction rule will not affect you if you retire at age 60 or later.
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