Federal public service retirement options

A B C D
Reason for termination Age Pensionable service Entitlement service options
Any reason Any age Less than 2 years Return of contributions with interest
Retirement 60 or over At least 2 years Immediate annuity
Retirement 55 or over At least 30 years Immediate annuity
Retirement-disability Under 60 At least 2 years Immediate annuity
Retirement 50 to 59 At least 2 years Options : ï‚· Deferred annuity payable at 60 ï‚· Annual allowance payable from the later of the date of option or the date of ceasing to be employed.
Resignation Under 50 At least 2 years

Options :

  • Deferred annuity payable at 60
  • Annual allowance payable at any time from age 50 to 60
  • Transfer Value
Lay-off Under 60 At least 2 years

Options:

  • Deferred annuity payable at 60
  • Annual allowance (at any time between age 50 and 60)
  • Transfer value (if less than 50)

 

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July 15, 2013
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