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.

 


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See how your Pension Plan is changing to help ensure we can continue to honour the defined benefit commitment to all current and future retirees.

© 2017 HEB Manitoba

 

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. View our full disclaimer here.