If you are not currently contributing to the HEB Manitoba Pension Plan with another employer, you can join immediately or any time in the first two years. After two years, enrolment in the Pension Plan is mandatory under provincial legislation.

To be eligible to transfer your Home Care Defined Contribution pension funds to the HEB Manitoba Pension Plan, you must enrol in the Plan by November 30, 2025 and start making contributions as of October 1, 2025. 

Your pension contribution amount is based on your pensionable earnings.

Every pay:

• You contribute 8.9% of pensionable earnings below the YMPE*, and your employer contributes the same amount. 7.9% goes toward your pension and 1% goes to the Cost of Living Adjustment (COLA) Plan which is designed to help your pension keep up with the cost of living after you retire.
  
• You contribute 10.5% of any pensionable earnings above the YMPE*, and your employer contributes the same amount. 9.5% goes toward your pension and 1% goes to the Cost of Living Adjustment (COLA) Plan.

* The YMPE (Year’s Maximum Pensionable Earnings) for 2025 is $71,300. The Canada Revenue Agency sets the YMPE each year.

Pension Contribution Examples (Annual salary below the YMPE)

Yes, if you are eligible, you may use the commuted value of your Home Care defined contribution pension funds to purchase service in the HEB Manitoba Plan. This is called a commuted value transfer.

To be eligible for a transfer, you must enrol in the Plan by November 30, 2025 and start making contributions as of October 1, 2025.

You must also have resolved any past relationships. If you have a former spouse or common-law partner, they must have either received or waived any amount of your previous pension they are entitled to before we can process your transfer.

Filling out the documents is just a step in the process and does not obligate you to proceed. It’s an opportunity to gather more information and make an informed decision.

1. Have your former pension plan administrator complete Part B and return it to you along with any other supporting documents required.
2. Complete Part A.
3. Make a photocopy of one of the following proof of age documents:
   • Birth certificate
   • Passport
   • Citizenship certificate
   • Baptismal certificate
4. Return all the required documents to us in one package:
   • Part A (completed by you)
   • The photocopy of your proof of age document
   • Part B (completed by your former pension plan administrator)
   • Any additional information provided by your former pension plan administrator to accompany Part B

Once we receive all the required documents from you, we'll:

• Calculate how much pensionable service you can purchase
• Send you your transfer options

Important Things to Know

• Transfer limits apply - There are restrictions on how much we can accept
• The commuted value transfer process is complex. Please allow 12-24 months for the transfer to be completed.

No.

The HEB Manitoba Pension Plan is a defined benefit pension plan.

Unlike a defined contribution pension plan, where the benefit you receive at retirement consists of your contributions plus interest, a defined benefit pension plan uses a formula to determine benefits payable to eligible members at retirement.

This means that when you retire you will receive a predictable, secure monthly income for the rest of your life.

The amount of your monthly lifetime pension benefit from HEB Manitoba is based on the following formula:

• 1.5% of your highest average earnings up to the Canada Pension Plan’s YMPE (Year’s Maximum Pensionable Earnings)
• Plus 2.0% of your highest average earnings over the YMPE
• Multiplied by your years of credited service
• Divided by 12.

When your transfer your Home Care Defined Contribution Pension funds to HEB Manitoba, you are buying credited service in our Plan.

When it’s time for you to retire, we'll treat those credits as if you had always been a member of our plan.

What this means for you:

When you retire, your entire pension will be calculated using our benefit formula and rules, regardless of where you originally earned the different portions of your credited service.

The more credited service you have at retirement, the higher your monthly pension payment will be.