Retirement

Once you have met a retirement provision, you are eligible to receive a lifetime monthly pension benefit from the Plan, unless your benefit is considered a Small Benefit Pension under The Pension Benefits Act of Manitoba.

You may be eligible for a pension as early as age 55 or when your age plus years of employment service equal 80 (Rule of 80). Different rules will apply to you depending on your age, years of service, and when you started employment.

At age 60, your pension is unreduced regardless of whether you have reached Rule of 80.

If you are a casual employee, we suggest you contact us as the rules may differ for your situation.

What is a Small Benefit?

If your annual pension is less than 4% of the Year’s Maximum Pensionable Earnings (YMPE) or if your pension has a commuted value of less than 20% of the YMPE, it is considered a small benefit, and you will receive your pension benefit as a taxable lump sum payment.

For complete information about retirement and your pension, see the Understanding Your Benefits - Pension brochure and Guide to Applying for Your Pension.

Disclaimer - This website provides a basic overview of the Healthcare Employees' Pension Plan (HEPP) and the Healthcare Employees' Benefits Plan (HEBP) (collectively the HEB Manitoba Pension and Benefit Plans). Not all employers participate in all Plans. Please check your eligibility for benefits with your employer.

HEB Manitoba is a name notation registered by the Healthcare Employees’ Pension Plan – Manitoba and the Healthcare Employees’ Benefits Plan – Manitoba and under which each of their respective undertakings is carried out.

The information on this website is for convenience of reference only and has no official sanction. See our full disclaimer HERE.

LAND ACKNOWLEDGMENT

HEB Manitoba serves its stakeholders on Treaty Lands 1, 2, 3, 4, 5, 6, and 10, the traditional territories of the Anishinaabeg, Anishininewuk, Dakota-Oyate, Denesuline, Nehethowuk Nations, Inuit, and the national homeland of the Red River Métis Nation.

HEB Manitoba is committed to moving forward in partnership with First Nations, Inuit and Métis people in the spirit of truth, reconciliation and collaboration for the benefit of all people.