Annualized Pensionable Earnings

Annualized earnings are equal to your pensionable earnings for a calendar year, divided by the credited service earned in that year. HEPP pensionable earnings are your regular earnings including vacation pay, paid LOAs such as paid sick LOAs, and pre-retirement leave taken as salary continuance. 

Non-pensionable earnings such as shift premiums, overtime, lump sum payments and some allowances are excluded from HEPP pensionable earnings.

 


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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.