Supplementary Benefit

A temporary supplementary benefit is added to the monthly pension of members who: 

• 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 the member’s 65th birthday. 

The amount of the supplementary benefit up to the month the member turns age 60, is 0.5% of the average of the highest five YMPE amounts out of the last 11 years multiplied by the member’s credited service. A reduction of ⅛ of 1% (0.125%) is applied for each month that the termination date precedes the earlier of the member’s 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). 

At the earlier of age 65 or death of the member, the supplementary benefit ceases.

Effective January 1, 2020 

New members who begin employment after December 31, 2019 will NOT BE ELIGIBLE for the supplementary benefit.