Transfers Out of PSPP

PSPP has transfer agreements with a number of public sector pension plans in Canada. When you leave your PSPP employer, you might be able to transfer your funds directly to your new employer's pension plan.

Your new plan's administrator will calculate the cost of crediting the service you earned in PSPP under your new plan based on your new plan's pension benefit formula.

Application timelines vary between agreements, but can be as short as one year from when you join your new employer's pension plan. If you are considering transferring out of PSPP, contact us and your new employer as soon as possible in order to avoid missing important deadlines.

You are not able to transfer your service out of PSPP if you qualify for an unreduced pension. In other words, if you:

are vested and age 65 or older; or
are age 55 or older and have enough points to meet the 85 factor.

If you have combined pensionable service (CPS) between PSPP and MEPP or UAPP, you cannot transfer your pension if you are still contributing to either of the other plans.

Eligible Pension Plans in Alberta

Local Authorities Pension Plan (LAPP) or Management Employees Pension Plan (MEPP)

You will need the Appendix A: Transfer Information Request and Authorization Form

Note: If you have a CPS relationship between PSPP and MEPP, you can't transfer your service between these plans under a transfer agreement.

Alberta Teachers’ Pension Plan and Private School Teachers’ Pension Plan

You will need the Application to Transfer Pension Entitlements between PSPP and Alberta Teachers' Pension Plans

Under the National Transfer Agreement

You will need the Appendix A: Transfer Information Request and Authorization Form

The National Transfer Agreement covers the following pension plans:

British Columbia College Pension Plan	Nova Scotia Public Service Superannuation Plan
British Columbia Municipal Pension Plan	Ontario Public Service Pension Plan
British Columbia Public Service Pension Plan	OPSEU Pension Plan
British Columbia Teachers' Pension Plan	Prince Edward Island Public Service Pension Plan
British Columbia WorkSafeBC Pension Plan	Régime de retraite de certains enseignants (Pension Plan of Certain Teachers, Quebec)
Manitoba Civil Service Superannuation Fund	Régime de retraite des employés du gouvernement et des organismes publics (Government and Public Employees Retirement Plan, Quebec)
New Brunswick Public Service Superannuation Pension Plan	Régime de retraite des enseignants (Teachers Pension Plan, Quebec)
Newfoundland and Labrador Public Service Pension Plan	Régime de retraite des fonctionnaires (Civil Service Superannuation Plan, Quebec)
	Régime de retraite du personnel d'encadrement (Pension Plan of Management Personnel, Quebec)

Under the Federal Transfer Agreement

The Federal Transfer Agreement covers:

Public Service Superannuation Act

For more information on transfers under this transfer agreement, please contact your current pension plan administrator.

Time-Sensitive Considerations

Transfer Agreements

Application timelines vary between transfer agreements, but can be as short as one year from when you join your new employer's pension plan. If you are considering transferring out of PSPP, contact us and your new employer as soon as possible in order to avoid missing important deadlines.

Leaves of Absence

You have 30 days from the date you leave the Plan to apply to purchase a leave of absence. If you are already paying for a leave of absence, you have 90 days* from the date you leave the Plan to complete that purchase.

Prior Service Purchases

If you intend to buy prior service, you must submit your application before you leave the Plan. If you are already making prior service payments, you will have 90 days* to complete your buyback purchase.

In either scenario, if you do not complete your purchase it will be prorated—only the amount of service you have paid for will be credited.

*If you are retiring, you must complete any outstanding buyback payments prior to your pension commencement date. If the buyback is not paid in full before your pension commencement date, the buyback will be prorated and your service will be adjusted accordingly.