Professionals & Managers

Benefit coverage while working beyond your Normal Retirement Date

This information is for those PMA-eligible members holding a full-time appointment at Western who work beyond their Normal Retirement Date.  The following benefits coverage, insurance and pension contribution accruals are provided as outlined in the Memorandum of Agreement between your employment group and Western University.

  • Basic Life Insurance is 100% paid by the employer and reduces to $15,000 of coverage.
  • Optional Life, Dependent Life, Optional Spousal Life and Voluntary Personal Accident Insurance benefits end on your Normal Retirement Date.  You may convert your coverage to a private policy fully paid by you (coverage to a maximum $200,000) within 31 days from your normal retirement date. Your coverage will continue during that time.
  • Long Term Disability coverage, premiums and benefit payments end on your Normal Retirement Date.
  • Extended Health & Dental benefits continue until your retirement date. Employees who have reached Normal Retirement Date will use the Ontario Drug Benefit (ODB) as first payer, if eligible.  Any drugs not covered by ODB that are covered by the University plan may be submitted for reimbursement.
  • The Health Care Spending Account benefit continues until your retirement date. 
  • Flex credits continue until your retirement date.  Each November, you will be asked to allocate these flex credits to the Health Care Spending Account and/or the Professional Expense Reimbursement Account for the next calendar year. 
  • The Professional Expense Reimbursement Account benefit continues until your retirement date.
  • The Dependent Tuition Scholarship Plan continues until your retirement date.
  • Pension contributions to the Administrative Staff Pension plan (yours and the University’s contribution) continue as long as you remain actively employed and until the earlier of your retirement date, the end of the year in which you attain age 69 OR until the sum of your age plus pension service is equal to 95.  Pension assets may be withdrawn at this point (in accordance with legislation) or may remain invested in the plan, as you direct.  In accordance with Income Tax Act (Canada) regulations, a retirement income must be established with the invested pension funds by the end of the year in which you attain age 71.
  • All other benefits and allowances continue in accordance with your employment contract until you reach your retirement date, at which point you may become eligible for Post Retirement Benefits.

Should you have any questions, please use ASK HR to contact Human Resources.

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