Retirement

• Memo TPP Regulation Change

• Memo TPP Regulation Change (french version)

• 2023 TPP Annual Report

• Agenda Pre-Retirement Seminar Nov 8, 2024

• NS Pension Superannuation Pre-Retirement Seminar info

• Susan Thompson Graham Presentation Nov 8, 2024

• Sample Calculation

• Faculty-PS Retiree Benefits Booklet Under age 65

• Faculty-PS Retiree Benefits Rates Under age 65

• Faculty-PS Retiree Benefits Booklet Age 65+

• Faculty-PS Retiree Benefits Rates Age 65+

• AAU Retirement Recognition Information

• Steps to Retirement

• NSCC Retirement Guidelines

• Town Hall-Wills & Estate Planning with Jon Goud, Patterson Law

How do I follow the pension status developments or provide input?

• The most up to date info on the pension can be found here.  There is a direct link to the Pension Review Panel and an email address to send your concerns directly to this on the panel.

Can I work a reduced load prior to retirement without it affecting my pension?

• This is referred to as the Flexible Pension Option that is available only to Teachers' Pension Plan members.  There are some rules: 

  • Approval by the employee’s manager

  • Option is available for a maximum of two years

  • Must have worked the 36 months before the period of reduced service

  • The salary during the period of reduced service must be less than the salary in the previous  year with a minimum percent worked of 40%

  • Cannot apply immediately following a deferred leave

  • Contact the HR representative on your campus for the application forms.

Who do we contact to have our pension amount calculated as of the end of this school year?

• The best place to find info with respect to how much you will get pension wise is here.

When is the best date to retire?

• The best date if you are thinking of retiring in the summer is July 1st. Taken from the retirement guidelines: “Faculty considering retirement at the end of the academic year may want to consider retiring July 1st. You will be paid out your vacation to August 14th on your last pay (the first pay of July) and three pension payments will be deducted to give you credit for the full academic year and your first pension payment would start the end of July. If you choose September 1st, you will only be paid until August 14th and wouldn’t receive your pension payment until the end of September.

Will I still have health and dental benefits when I retire?

• Yes. There are some coverages that will continue if you pay the premiums. See document “changes in coverage at age 65”.