Early retirement

Retiring before the normal retirement age will affect your pension. Here are the key points to consider.


Calculating your reduced pension

If you decide to retire early and do not meet the criteria for an unreduced pension (as noted below), your pension will be reduced. For pensionable service before April 1, 2018, the bridge benefit will also be proportionately reduced.

The reduction amount is based on a combination of your:

  • Age when you leave your job
  • Contributory service  
  • Age when you start receiving your pension

Reductions are pro-rated by month for partial years.

For pensionable service earned on and after April 1, 2018

The rule of 85 (unreduced early retirement if your age plus years of contributory service equals at least 85) applies to service earned before April 1, 2018, and all your years of contributory service (before, on and after April 1, 2018) will be used to calculate your eligibility. 

6.2 per cent reduction

Your pension will be reduced by 6.2 per cent for each year you are under age 60, if you have two or more years of contributory service.

Your pension will be reduced by 6.2 per cent for each year you are under age 65, if you have fewer than two years of contributory service.

For pensionable service earned before April 1, 2018

3.0 per cent reduction

Your pension will be reduced by 3.0 per cent for each year that the sum of your age plus years of contributory service is less than 85 if you meet the following age and service criteria:

  • You are at least age 50 (45 for members working in designated public safety occupations) when you leave your job
  • You have at least 10 years of contributory service

Your pension will be reduced by 3.0 per cent for each year that:

  • You are under age 60 (55)
  • The sum of your age plus years of contributory service is less than 85

5.0 per cent reduction

If you do not meet the age and service criteria for a 3.0 per cent reduction, your pension will be reduced by 5.0 per cent for each year that:

  • You are under age 60 (55)
  • The sum of your age plus years of contributory service is less than 85

If you are 55 (50) and have less than two years of service, your pension will be reduced by five per cent for each year you are under age 65 (60).

Public safety employees

If you are a full-time ambulance paramedic who is a member of CUPE Local 873, different retirement rules apply.

Plan changes effective April 1, 2018, do not apply to this group; however, similar changes will apply in future.

Changes effective October 1, 2019, will apply to this group. See Board Communique: March 16, 2018 for more information.

If you work in both a public safety role and a general public service role either at the same time or at different times, your reduction will be calculated separately for each role and applied to a single pension. Your normal retirement age will continue to be based on your employee group at retirement.

If you left your employer before September 30, 2015, contact the plan as different rules may apply.


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IMPORTANT plan changes:

Board Communique: March 16, 2018