Pension Follow Up

cupe1975Pensions

**There will be a detailed pensions meeting in the fall.**

This is to confirm and clarify the early retirement eligibility rules with no penalty for the U of S Non Academic pension plan soft freeze at August 31, 2019.

As at August 31st, 2019 pensionable service will be frozen for the benefit calculation only,  upon retirement.  As people continue to work past August 31st,  their years of service will continue to count towards the 80 rule. (age grows and service grows)

As people continue to work past August 31st,  their years of service will continue to count towards 30 year service rule.

When people turn 60, they can retire without penalty also.