As the federal government has abolished mandatory retirement, employees may continue to work beyond the age of 65 without seeking approval. In the past, Pension Services has contacted employees within 6 months of turning 65 and notified them that they must retire. That process is no longer in effect. When any employee wishes to retire, they must give appropriate notice.
Employees who continue to work beyond the age of 65 should be aware of the following once they reach the age of 65:
* Wages will continue to be paid in accordance with the Collective
* Provisions within Collective Agreements for Dental Care Benefit
Plan, Health & Vision Care Plan, and the Group Term Insurance Policy (including AD&D) will continue to apply.
* Provisions within the Collective Agreements for the Weekly Indemnity
Benefit Plan (WIB) will CEASE to apply.
* Participation will continue in the CP Pension Plan in accordance
with the pension plan rules. *
*For the purposes of the CP Pension Plan and in accordance with the Income Tax Regulations, an employee must start collecting a pension no later than the end of the year in which s/he turns the age of 71 irrespective of whether or not s/he continues to work.