Thinking of Retirement? May 15, 2013

What do you need to do? 1. Determine your retirement date 2. Determine last day worked 3. Submit your written intention to retire to the Deputy Chief 4. Arrange appointment to complete the paperwork for your retirement

Early Retiree Group Benefits O Available to employees who retire to an unreduced OMERS pension prior to age 65 O Retiree benefits plan: O Similar to the active employee plan O Exceptions: AD&D, Dependent Life, and Disability coverage not in effect.

Early Retiree Group Benefits Cont… O Coverage terminates at the earlier of age 65 or 10 years from the date of retirement O The cost split for premiums remains the same as for active employees (for a maximum of 10 years)

Other Items to Consider O Canada Pension Plan O Old Age Security Requests for estimates and applications are submitted to Service Canada: O 1 ‑ 800 ‑ 277 ‑ 9914 O

Other Items to Consider O Sick credits can be rolled over into a Retirement Allowance O Pat Herkes, Supervisor, Payroll O x5282 O

Who to Contact… O ….for Pension Estimates OMERS O O O Group number =

Who to Contact… O …. to determine leave balances, and last day worked and to determine your sick credit balance HR Analyst – Shared Services O x 3737 O

Who to Contact… O … to request information regarding Retirement Benefits and OMERS Pension O … to set up your appointment to complete retirement paperwork Rachel Karin, Analyst, Pension and Benefits O x5283 O

Questions?