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If you return to work with a participating employer after your pension starts
If you decide to
return to work after you start receiving a pension from the Plan, your
pension may be affected:
-
If you return to work with an employer who participates in the Plan and you are
regularly scheduled to work 50% or more of the full-time equivalent
hours for your position, you must rejoin the Plan. You may rejoin
immediately, but you must join the Plan within three months. As
soon as you rejoin the Plan, your pension will be suspended
immediately and it will not resume until you cease your employment. The Income
Tax Act does not permit a member to contribute to, and collect a pension from,
the same pension plan at the same time. (NOTE: The Income Tax Act requires
that you must end your participation in the Plan and start to receive your
monthly pension from the Plan not later than December 1 of the year in which
you reach age 71.)
-
If you return to work with an employer who participates in the Plan and you are
regularly scheduled to work less than 50% of the full-time equivalent
hours for your position, you will not be required to rejoin the Plan... and
your pension from the NSAHO Pension Plan will continue, uninterrupted, as long
as you do not rejoin the Plan.
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