Supplementary and Bridge Benefits

If you began employment before January 1, 2020, you may be eligible for a supplementary or bridge benefit when you retire.

Supplementary Benefit

A temporary supplementary benefit is added to your monthly pension if you:

• Meet Rule of 80, or
• Have reached age 55.

The supplementary benefit is paid from the effective date of the pension to the first of the month following your 65th birthday.

The supplementary benefit is only payable to the member. It stops when the member turns 65 or on their death – whichever is earlier.

You are not eligible for the supplementary benefit if you began employment after December 31, 2019.

The amount of the supplementary benefit up to the month you turn 60 is 0.5% of the average of the highest five YMPE amounts out of the last 11 years multiplied by your credited service. A reduction of ⅛ of 1% (0.125%) is applied for each month that your termination date precedes the earlier of your 60th birthday or Rule of 80 date.

From age 60 to age 65, the benefit is half of the original amount (0.25% of the average of the highest five YMPE amounts over the last 11 years).

Bridge Benefit

Some members may be entitled to a bridge benefit to offset the early retirement reduction.

The bridge benefit is payable monthly to age 65. If you die before age 65, the remaining payments are paid to your beneficiary.

You are not eligible for a bridge benefit if:

• You retire with an actuarially reduced pension
• You began employment after December 31, 2019.

The bridge benefit is the difference between the 1/4 of 1% (0.25%) early retirement reduction and ⅛ of 1% (0.125%) of the monthly pension amount for each month the basic pension benefit is received before the earlier of age 60 or the Rule of 80 date.