Letters were mailed to eligible retired Pension Plan members on Thursday, December 12, announcing the payment of a 0.8% COLA, effective January 1, 2020.
The Healthcare Employees’ COLA Plan Board of Trustees has approved the payment of a 0.8% COLA, effective January 1, 2020, to all eligible retired Pension Plan members.
The payment is based on the retiree's November 2019 gross pension amount and is added to their previous years' COLA payments, if applicable. On January 1, 2020, a one-time lump sum COLA payment less any applicable income tax, will be deposited to the retiree's bank account on file with HEB Manitoba. This will be a second deposit in addition to their regular monthly pension.
For more information, see the COLA Plan section of our website.