• A member of the Plan who earned pensionable service in or after 1993 is 100% vested in the benefit earned for that service.
  • A member of the Plan who earned pensionable future service before 1993 but not after 1992 will not be vested and will not be entitled to any benefit under the Plan unless the member had earned at least two years of pensionable future service.


If a member of the Plan has completed less than 350 hours of employment covered by the Plan during a period of two consecutive calendar years the member may elect to terminate membership under the Plan.  The requirements under the Plan are strict in this regard.

  • A member who elects to be terminated from the Plan will be entitled to receive a transfer value
    • The value can be transferred to a locked-in retirement vehicle of their choice.
  • This election to be a terminated member and to have a transfer value paid must be made before the member’s 55th birthday.
  • Once an application for termination has been received by the pension plan office, the member will have 120 days to complete the transfer of funds.
    • If not completed within this timeline, the member’s pension will be deemed as deferred and the member will no longer have the right to transfer.
      • Simply put, this means that the member will not have rights to his/her pension value until at the earliest his/her 55th birthday (Early Retirement under the Plan)


Where a member transfer pension credits to another retirement vehicle the member will cease to have any interest in this Plan.