Your HEPP COLA Benefit

The HEPP COLA Plan will pay an ad hoc COLA benefit to retired HEPP members each year, subject to approval by the HEPP COLA Plan Board of Trustees. The first COLA was paid in April 2018, and future COLAs, if granted, will be paid in January of each year.

If a COLA is granted, the benefit will be paid in a one-time taxable lump sum, not monthly. Your regular monthly HEPP pension payments will remain the same. 

The maximum COLA Plan benefit that may be payable in a given year will be two-thirds of the increase in the Canadian Consumer Price Index (CPI) from April to April.

Your COLA is always granted based on your monthly HEPP pension in payment. It does not compound based on any previous COLA amounts. See how your COLA benefit is calculated

The HEPP COLA Plan is registered as a supplemental plan under the Income Tax Act, but is not registered with the Pension Commission of Manitoba. This means it is not subject to all of the same rules as HEPP when it comes to such things as division of your pension if your marriage or common-law relationship breaks down. See the question list below for more information.

 

Find answers to your HEPP COLA questions

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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.