Thinking of Retirement?

1. Thinking of Retirement? May 15, 2013

2. What do you need to do? • Determine your retirement date • Determine last day worked • Submit your written intention to retire to the Deputy Chief • Arrange appointment to complete the paperwork for your retirement

3. Early Retiree Group Benefits • Available to employees who retire to an unreduced OMERS pension prior to age 65 • Retiree benefits plan: • Similar to the active employee plan • Exceptions: AD&D, Dependent Life, and Disability coverage not in effect.

4. Early Retiree Group Benefits Cont… • Coverage terminates at the earlier of age 65 or 10 years from the date of retirement • The cost split for premiums remains the same as for active employees (for a maximum of 10 years)

5. Other Items to Consider • Canada Pension Plan • Old Age Security Requests for estimates and applications are submitted to Service Canada: • 1‑800‑277‑9914 • http://www.servicecanada.gc.ca

6. Other Items to Consider • Sick credits can be rolled over into a Retirement Allowance • Pat Herkes, Supervisor, Payroll • 905-615-3200 x5282 • Pat.herkes@mississauga.ca

7. Who to Contact… • ….for Pension Estimates OMERS • 416-369-2444 • www.myomers.com • Group number = 376700

8. Who to Contact… • …. to determine leave balances, and last day worked and to determine your sick credit balance HR Analyst – Shared Services • 905-615-3200 x 3737 • hranalyst.sharedservices@mississauga.ca

9. Who to Contact… • … to request information regarding Retirement Benefits and OMERS Pension • … to set up your appointment to complete retirement paperwork Rachel Karin, Analyst, Pension and Benefits • 905-615-3200 x5283 • Rachel.karin@mississauga.ca

10. Questions?