Members > Pamphlets > Transferring Service

Transferring Service

Transferring Service

Member Handbook -
Can I transfer in service?
Termination - Reciprocal transfer

A new job brings with it many important decisions. When you take on the challenge of changing your employment, determining what to do with your pension is one decision you won't want to overlook. One possible course of action is to transfer your pension credits from your old employer to your new one, if your new one permits.

Should you transfer?

Whether you're moving from one College to another, returning to College employment after working for an employer other than a College, or entering or leaving the College system, transferring service is something you should ask your College Human Resources representative about. Read on to learn more about this important opportunity.

If your service qualifies, a transfer will give you additional credit for some or all of your Pensionable Service from your previous plan. The additional credit will be used to calculate the amount of your pension. It will allow you to retire with a larger pension that is paid from a single source, and it could help you to take advantage of the Plan's early retirement provisions sooner.

Transferring from one College to another

Returning to work at a College after leaving employment

Transferring into the CAAT Plan from an employer outside the College system

Transferring out of the CAAT Plan to an employer outside the College system

Definitions

Don't delay!

As with many provisions of your pension plan, it is important to take note of the deadlines associated with transfers. If you think a transfer may be appropriate for you, please do not delay in discussing it with your Human Resources representative.

Pamphlets: Table of Contents

October 2004