NSAHO Pension Plan Home

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.


Back To Top

separator
This website is for informational purposes only. It is not intended to provide specific individual financial, legal, investment, or tax advice. For full details on legal issues and terms of use, see legal disclaimer.
Powered by Eckler Ltd.