Portability Options

Provided the exporting or importing plan(s) agree to administer the pension funds under the applicable legislation, you may be eligible to transfer your pension benefit in from another Registered Pension Plan (RPP) or transfer your HEPP benefit out to another RPP upon termination of Plan membership. The two most common types of transfers between RPPs are reciprocal transfers and commuted value transfers. 

When considering transferring pension funds, basic eligibility requirements must be met.

Transferring funds between pension plans may affect the amount you can contribute to RRSPs. For more information on tax implications, please contact a tax advisor or the CRA

Reciprocal Transfers 

HEB Manitoba has entered into reciprocal transfer agreements with several RPP administrators. Under a reciprocal transfer, the value available for transfer is generally based on an actuarially determined amount. This type of agreement provides for the transfer of credited service and employment service between the plans. It should be noted that the funds available for transfer from the exporting plan may be less than the amount required to purchase equivalent credited service in the importing plan; however, you would have the option to purchase the shortfall of credited service.

For more information on the reciprocal agreements currently in place, please contact our Member Services team.

Reciprocal Transfer List

  • B.C. Public Service Pension Plan
  • B.C. Municipal Pension Plan
  • Brandon University Retirement Plan
  • Civil Service Superannuation Board
  • CUPE Pension Plan Trust Fund
  • Public Service Superannuation Act
  • The Employee Benefits Board of the City of Winnipeg
  • The Joint Board of Trustees of the Municipal Employees Pension Plan
  • The Pension Plan for Officers and Employees (other than teachers) of the Winnipeg School Division
  • The Teachers' Retirement Allowances Fund (TRAF)

Note: There are time limits within which a reciprocal transfer must be applied for. Therefore, if you are considering a reciprocal transfer please contact us as soon as you become employed with a Participating Employer or as soon as you are employed with an employer that participates in a reciprocal agreement with HEB Manitoba.

Commuted Value Transfers

A commuted value transfer allows for the transfer of the lump sum equivalent of a pension benefit from one RPP to another but unlike a reciprocal transfer, a commuted value transfer is not necessarily based on credited service or employment service from the former pension plan.

If you are eligible for a termination benefit, the Plan allows for the commuted value transfer out of the Plan to your new employer, provided the new employer is willing to accept the transfer of funds and there is no reciprocal transfer agreement in place.

Note: Members who have met a retirement provision at the time of termination are not eligible to transfer out the commuted value of their pension benefit. For more information regarding retirement provisions, please see Eligibility.

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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.