Adjustment to the Plan Member's Pension Benefits

When the division payment is transferred to the recipient's locked-in registered retirement vehicle, the plan member's pension benefits will be adjusted and the Contact Us - Government of Canada Pension Centre will notify the member accordingly.

Where the plan member is still actively employed, the adjustment will only take effect on the date of his entitlement to pension benefits.

Where the plan member is in receipt of pension benefits, the adjustment will take effect the first of the month following the division, unless the plan member is in receipt of an annuity for medical reasons.

Member in receipt of an annuity for medical reasons

If the plan member is in receipt of an annuity for medical reasons, the adjustment to the pension benefits will only take effect on the date the plan member would become entitled to an immediate annuity. In other words, the adjustment is only effective when the plan member reaches age 55 with at least 30 years of service or age 60 with at least 2 years of service.

Next Page