You are planning to enroll in the alternating work-retirement program on the partial-month basis, or are already enrolled in the program and want to change over from the full-month to the partial-month basis.
How your pension will be calculated
The pension you are paid under the partial-month basis is prorated on the basis of your 30-day monthly pension, as determined by your number of days off each month.
Your partial-month-basis pension will be paid for each month in which you have days off as part of the alternating work-retirement program.
Example
- If you are enrolled in the alternating work-retirement program on the partial-month basis with 7 days off per month over 10 months (with full-time employment in July and August), you will be paid 7/30ths of the monthly value of your pension from January through June and from September through December.
You can refer to informational guide “Retiring through the alternating work-retirement program (as from January 1st, 2019)”.