r/CanadaPublicServants • u/Trick_Fig3092 • 4d ago

Benefits / Bénéfices Medical Retirement - Operational Pension - Indexing

If I medically retire, will my pension be indexed right away? I will have 21 years of service and am 42 years of age.

I know a normal operational service pension requires you to get to the 85 factor to begin indexing (tho the percentages will accumulate from date of retirement until 85 factor)

0 Upvotes
  • permalink
  • reddit

50% Upvoted

19 comments sorted by

View all comments

7

u/onomatopo moderator/modérateur 4d ago

Not sure where you read about any 85 factor, thats not a thing in most public service pension plans. If you "retire" with 21 years of service at 42 you are ineligible to draw your pension.

if you medically retire at that age my understanding is that you will receive an immediate annuity https://www.canada.ca/en/treasury-board-secretariat/services/pension-plan/active-members/disability-pension.html

1

u/AntonBanton 4d ago

OP is asking about the operational services provisions, which does have options for an allowance at any age after 20 years of service, and does use an 85 factor for indexing. They’re trying to get clarity on if/how medical retirement would impact the operational annual allowance they would be eligible for.

It’s not a normal circumstance, and it’s one they really need to call the pension centre about.

1

u/Trick_Fig3092 4d ago

I have called the pension centre and they did confirm. But I find many there get confused due to the operational pension being such a small group so many are uncertain