If you have deferred...

Normal Retirement

If you are a former Member (one who left the Plan in the past) with a deferred pension who has now reached age 65, you are eligible to begin your pension.

You could, if you were eligible, have chosen to start this pension before reaching age 65, with a reduction. At age 65, there is no reduction involved. In the years since you ended your College employment, the indexation increases that were granted in the Plan have been added to the amount of your deferred pension, thereby helping it keep up with inflation.

You'll need to complete and sign a deferred pension claim form, and return it to the Plan along with TD1 tax forms, a void cheque and, if requested, proof of your age and your Spouse's age.

Deferred Pension defined

A pension calculated when a Member leaves employment, payable at age 65, that does not start when employment ends either because the Member is not old enough to receive a pension, or because the Member chooses to wait until later to collect it.

January 2009