Leaving your job

Leaving a job with an employer participating in the plan? Find out what you can do with your plan contributions.


Apply for an immediate pension

If you leave your job and are 55 or older, you can apply to begin receiving your pension right away.

Your pension may be reduced if you do not meet minimum age and contributory service requirements.

If you have at least two years of contributory service

For service earned on or before December 31, 2015, your pension will be reduced by three per cent for every year you are under age 60 if you:

  • End your employment at age 50 or older
  • Have at least 10 (but less than 35) years of contributory service  
  • Have at least eight months of contributory service in the 24 months immediately before you left your job

If you do not meet these criteria, your pension will be reduced by five per cent for every year you are under age 60.

For service earned on or after January 1, 2016, your pension will be reduced by three per cent per year for every year you are under age 65 (unless you have 35 years of contributory service).

If you have less than two years of contributory service

For service earned on or before December 31, 2015, your pension will be reduced five per cent for every year you are under age 65.

For service earned on or after January 1, 2016, your pension will be reduced three per cent for every year you are under age 65.


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Related content for leaving your job

How to buy arrears

Applying for your pension