Receiving Your Monthly Pension Payment
Your pension is effective the first of the month following your last day of employment with your Participating Employers. For example, if your last day on payroll is April 20, your pension will be effective on May 1 (provided all required documents are received and accurately completed before the deadline dates provided in the pension application package).
Generally, once you have retired, it takes at least four to six weeks for HEB Manitoba to obtain all the necessary information from your facility and process your pension application. This is why we encourage you to prepare financially for the period before you receive your first pension benefit payment.
Your monthly pension is deposited directly into your bank account. The only mandatory deduction is income tax. If you choose any of the post-retirement benefit coverage that you are eligible for, the benefit premiums will also be deducted from your monthly pension benefit.