These steps can help make starting your pension easy.
The information below is a summary of what you need to do in order to start receiving your PSPP pension. There is also a printable Retirement Checklist for your convenience.
These steps can help make starting your pension easy.
The information below is a summary of what you need to do in order to start receiving your PSPP pension. There is also a printable Retirement Checklist for your convenience.
The first step is to do some research and planning. Use the pension tools, such as the Pension Estimator, to get a general idea how different pension options and start dates impact your monthly pension payment.
Three months before you want your pension to begin, submit your retirement application.
To complete the application process, submit your application online using the retirement application tool in Your Pension Profile. If you are still participating in the Plan, your employer must do this step with you, and they need to fill out part of the application form. If you are no longer participating in the Plan, you can ignore the employer's section and submit the application online in Your Pension Profile.
If you have combined pensionable service (CPS), you will also need to complete an application for the related plan in order to start that pension.
Our goal is for you to receive your first pension payment within 30 days of your selected pension start date. Returning your forms and documents in a timely fashion is critical in order for this to happen.
Other factors, such as a matrimonial property order, can impact how long it takes for you to receive your first payment.
If you decide to change the date of your retirement, the pension option you chose, or even decide to stop the retirement process at any point after you have submitted your Retirement Application form, contact us immediately—before payment commences. You will also need to inform your employer of this change, if you are still participating in PSPP.
If your pension payment has already started, you cannot change your pension option, nor can you stop receiving your pension. You can go back to work, even for a PSPP employer, but you can no longer participate in PSPP.