Retirement Provisions

If You Began Employment Before January 1, 2020

If you reached Rule of 80 before January 1, 2020, you are eligible to retire with an unreduced pension at any time after your Rule of 80 date.

If you did not reach Rule of 80 before January 1, 2020, you are eligible to retire when you:

  • Reach Rule of 80; an actuarial reduction will apply if you are under age 55 when you retire
  • Are age 55; reductions may apply
  • Are age 60; no reductions will apply.

If You Began Employment After December 31, 2019

If you began employment after December 31, 2019, you are eligible to retire when you:

  • Are age 55; reductions may apply
  • Reach Rule of 80 and are at least age 55; no reductions will apply
  • Are age 60; no reductions will apply.

Early Retirement Reduction

An early retirement reduction will be applied to your pension if, when you retire:

  • You are under age 60 and
  • You have not reached Rule of 80.

The closer you are to age 60, the smaller the early retirement reduction will be.

Actuarially Reduced Pension

If you began employment before January 1, 2020 and did not meet Rule of 80 by December 31, 2019, you are eligible to retire at any age when you reach Rule of 80; however, your pension will be actuarially reduced if you retire with Rule of 80 before age 55.

The closer you are to age 55 when you retire, the smaller the actuarial reduction will be.

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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.