During leave without payment, the duration of the leave may be taken into account as a retirement benefit, as long as you pay the necessary contributions and the leave is authorised. Remember that if your former employer paid all or part of the pension entitlement you have under another pension plan, you must waive that right before you can redeem the service. You must ensure that the benefit in question can be recognized under the public service pension plan before you give up. If you opt for a deferred pension after you leave the public service, you must pay your payments regularly between the date you retire and the start date of your pension. If you opt for a transfer value, you will have to pay the remaining fee for a benefit buy-back that you want to include in the retirement benefit before the value can be transferred. If you prefer this, after the end of your service in a member organization, you can defer your benefit or choice for a maximum of 36 months, so that if you join the Fund within the 36-month period, your participation in the fund is considered continuous and your contributions will continue to be paid into the same pension account. Click here for more information on deferred retirement benefits. As soon as you become a member of the UNJSPF, you must immediately inform your former employer and the UNJSPF in writing of your interest in transferring your acquired pension rights to the UNJSPF. Once your transfer authorization has been verified, you must ask your former employer to inform the UNJSPF of the amount available for such a transfer. The UNJSPF would then give you an estimate of the additional pension credit to the UNJSPF that would result. You should then decide whether or not to continue the transmission. Once the transfer has actually been made to the UNJSPF, you will be informed of the additional eligible benefit credits you have received at the UNJSPF. If the member has an insufficient transfer amount under the previous plan, you may be entitled to transfer your pensionable benefit assets to the RCMP pension plan if: Click on transfer pension funds to the PSPP (PDF) for an updated list.
Civilian members (CMs) can increase retirement service through a PTA as a member of the RCMP pension plan until a pension is taken. In the case of transfers from the UNJSPF to a “receiving” plan, the transfer is determined to be the greater of the actuarial value of the UNJSPF pension rights incurred or the withdrawal plan due in accordance with Article 31 of the MONJSPF Plan. No, transfers of pension rights within or from the UNJSPF are only permitted if an applicable transfer contract is in force. L.1 A participant in the Fund may benefit from the provisions of an agreement concluded by the Fund to ensure the continuity of pension rights provided for in Article 13 of the Statute of the Fund, in accordance with the provisions of the relevant agreement. These agreements allow members to defer their retirement from plan to plan when they change jobs. Under a pension transfer agreement between the Government of Canada and a lawful employer, you can have the actuarial value of pension benefits accrued under that employer`s retirement plan transferred to the public service retirement plan, regardless of the time between your affiliation with the public service retirement plan and the other plan. An actuarial value is a pension value based on a series of actuarial assumptions. If your former employer has an PTA and you want to start a process of transferring pension credits to your RCMP retirement plan, you should contact the retirement center and send you a letter with the appropriate forms and instructions. . . .