Retirement Process For Participants in the MGS & PSS Retirement Plan A

Maintenance, Grounds, and Service Staff members hired prior to 10/09/2004 are participants in the MGS Retirement Plan A. Professional Support Staff members hired prior to 02/02/2006 and Police staff members hired prior to 03/05/2007 are participants in the PSS Retirement Plan A. These are traditional pension plans; members will receive a monthly benefit at retirement.

If you are a participant in one of these plans you should follow the process noted below to ensure a smooth transition in to retirement.

You can find additional details of the plan and an example of how benefits are calculated by referring to the Summary Plan Description.


Process

  1. Once you have made the decision to retire, complete the Application for Retirement Benefits form located in the Anytime Events system. The application should be completed and submitted 2-3 months in advance of your retirement date.
    • Your retirement application will then be sent to our plan actuary to calculate your pension.
  2. Approximately 2-3 weeks after submitting your retirement application, your pension calculation will be received from the actuary.
    • You will be notified by email to schedule a meeting with the Benefits Manager to review your pension calculation.
  3. At least 2 weeks in advance of your retirement date, provide an official retirement letter to your supervisor and Human Resources.
    • If eligible for vacation, a minimum of 2 weeks notice is required to receive a payout of accrued and unused vacation hours. Refer to your Union Contract for further information.  
  4. .If you are an Official Retiree (age plus years of service equals 75), a Benefits representative will send you a Retiree Medical and/or Medicare Supplement Reimbursement information packet.
    • Upon receipt of the packet, you should complete the enclosed forms and return them to the Benefits team.


Page last modified May 26, 2022