Leave your pension credit in the STSS. This is called ‘preservation’. These preserved benefits increase in value each year at a rate equivalent to the Retail Prices Index (RPI). Transfer your pension credit to another form of pension provision. If you have not qualified for benefits you can take a repayment of your pension contributions

If you are vested when you terminate employment your account balance will be transferred to your new employer's pension plan, or, to an Individual Pension Plan with BF&M. If you are vested but your account balance is less than 5% of the average employment income (AEI) you may receive a cash refund.

The general rule is that contributions (other than union dues) withheld from an employee's wages or paid to the employer by a participant must be sent to the plan on the earliest date these contributions can reasonably be separated from the employer's general assets. This means that if you know how much should be sent to the plan three days after the pay date and it takes you another day to prepare the check, you must submit employee contributions four days after the pay date.

If you leave the Company with less than 2 years' Scheme membership you may receive a refund of your personal contributions, less deductions. If you leave the Company with two or more years' Scheme membership, you will be granted a deferred pension payable from normal retirement date. As an alternative you can choose to transfer your deferred pension to another pension arrangement.

The Department receives a copy of the Notice of Separation at which time they send a Return of Contributions packet giving the options available. If you have less than 10 years of service, you can either request a Return of Contributions (ROC) or request to have the contributions rolled over to an Individual Retirement Account (IRA).

No. The employer sends his contribution as well as the employee's contribution directly to the Custodian.

You may not withdraw pension contributions if you are vested. However, if you are not vested and have Employee Contributions (including UV & HP plus any interest accrued) in the Pension Plan, you may withdraw these contributions plus interest if you leave the Industry for a minimum of three months or if you have a Break in Service. The withdrawal requires submission of a completed Withdrawal form to the Plan Office. Under certain circumstances you may withdraw UV & HP even if you are vested.

Your pension contributions are calculated as a percentage of your regular earnings and deducted directly from your pay. Your OPTrust pension is integrated with the Canada Pension Plan (CPP). This means that you pay lower contributions to OPTrust for the part of your earnings that is also covered by CPP. The lower contribution rate applies to earnings below Year's Maximum Pensionable Earnings (YMPE). For 2005 the YMPE is $41,100.

Yes. Your employer will keep track of your contributions and report them on your T4 slip as contributions to a registered pension plan. Your T4 will also show a "pension adjustment" amount. The Canada Revenue Agency (CRA) uses the pension adjustment to calculate the amount of RRSP contribution room you will have in the following year. The CRA will notify you of your RRSP room for the following year on your annual Notice of Assessment.

Your contributions are currently deducted from your pay after taxes. The City does not report the refund of your pension contributions as taxable income to you. If you contributed to the City Employees' Pension Fund for at least five years, you are eligible for interest on your contributions. Interest paid to you on a refund is generally taxable, but may be rolled over to a pre-tax investment vehicle. Please consult your tax advisor.

If you leave your employment for any reason whatsoever you will be obliged to settle the outstanding balance on your lease. Please contact us on 0800 107 0061 for specific details regarding early leaving.

In many cases the pension will be one of the largest matrimonial assets and since 1st December 2000 a party to a marriage has been entitled to claim a share of their spouse's pension. Offsetting" - whereby the party without the pension takes more of the other's share of the matrimonial assets, usually the equity in the house, in return for not making a claim against their spouse's pension.

The FSA is an active employee benefit. If you sever employment with the State of Washington mid-year you have two options. Option one is to claim expenses that were incurred while you were actively employed by the State. If you select this option, you have until March 31st following the close of the current plan year to submit claims. Option two is to elect COBRA coverage, and pay the monthly contribution amount on a post-tax basis.

Expenses incurred during the plan year prior to termination can be submitted for reimbursement for a period specified by the employer in the Plan Document (usually up to 30 days after termination).

If you leave the UA and have health insurance, you may be eligible to continue your coverage under COBRA.

You can keep your Skylight card and your account! Skylight is your bank and values the opportunity to continue to serve you. Simply provide any new or additional employer with your account information. Call Customer Care for your "bank routing number" and/or account number to be set up on direct deposit.

Their service will remain to their credit and be added to service undertaken in the future. If the member takes up other employment it may be possible to transfer their credit to their new pension provider. Further information can be found in the fact sheet Leaving pensionable employment.

You will be able to submit claims for reimbursement as long as those claims occurred between the beginning of the plan year (or your participation in the plan) and your termination date. Generally, you have 30 days to submit claims that occurred within the eligible period, while you were a participant in the plan.