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Thinking of Retirement?

Thinking of Retirement?. May 15, 2013. What do you need to do?. Determine your retirement date D etermine last day worked Submit your written intention to retire to the Deputy Chief A rrange appointment to complete the paperwork for your retirement. Early Retiree Group Benefits.

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Thinking of Retirement?

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  1. Thinking of Retirement? May 15, 2013

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

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

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

  5. Other Items to Consider • Canada Pension Plan • Old Age Security Requests for estimates and applications are submitted to Service Canada: • 1‑800‑277‑9914 • http://www.servicecanada.gc.ca

  6. Other Items to Consider • Sick credits can be rolled over into a Retirement Allowance • Pat Herkes, Supervisor, Payroll • 905-615-3200 x5282 • Pat.herkes@mississauga.ca

  7. Who to Contact… • ….for Pension Estimates OMERS • 416-369-2444 • www.myomers.com • Group number = 376700

  8. Who to Contact… • …. to determine leave balances, and last day worked and to determine your sick credit balance HR Analyst – Shared Services • 905-615-3200 x 3737 • hranalyst.sharedservices@mississauga.ca

  9. Who to Contact… • … to request information regarding Retirement Benefits and OMERS Pension • … to set up your appointment to complete retirement paperwork Rachel Karin, Analyst, Pension and Benefits • 905-615-3200 x5283 • Rachel.karin@mississauga.ca

  10. Questions?

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