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When
a teacher attains age 65, retirement allowances may be
available from three sources: the Canada Pension Plan,
Old Age Security and the Saskatchewan Teachers Superannuation
Plan. |
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(b)
Upward Adjustment |
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If
you retire before age 65, you can choose to receive an
optional advance in addition to your monthly pension.
When you receive a personalized Estimate of Pension statement,
the amount of the advance is shown on Option B. This is
meant to level out your Saskatchewan Teachers' Superannuation
pension and Old Age Security (OAS) pensions before and
after age 65. You will receive this advance each month
until age 65. At age 65, your monthly pension will be
reduced by the amount also shown in Option B (adjusted
for cost of living increases since your retirement). The
reduction applies even if you are not eligible for OAS
benefits. |
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Note: |
Application
is required for Canada Pension Plan and Seniors Benefits
or Old Age Security Benefits. Contact Human Resources
Development Canada at 107 - 4th Avenue South, Saskatoon,
S7K 5X2, 1-800-667-7188, or 5th Floor, 2045 Broad Street,
Regina, S4P 3T7. |
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