Retired Staff -Pension

 

The University of Manitoba is the plan sponsor and administrator for three pension plans, referred to as The University of Manitoba Pension Plans. The plans are all trusteed and registered with both the Manitoba Pension Commission and the Canada Revenue Agency (CRA).

Retirement from The University of Manitoba G.F.T. Pension Plan (1986) and The University of Manitoba Pension Plan(1970)

At Retirement The University of Manitoba G.F.T. Pension Plan (1986) and The University of Manitoba Pension Plan (1970) require that all the pension funds be transferred out of the Pension Plan to either a Locked-In Retirement Account (LIRA), or a Life Income Fund (LIF) or the funds may be used to purchase an annuity from a life insurance company.

Retirement from The University of Manitoba Pension Plan (1993)

The University of Manitoba Pension Plan (1993) allows for the funds to be transferred out of the fund or the retiring staff member may elect to receive a monthly pension. Pensions earned under the 1993 Plan are paid out of the Pensioner Account in the Pension Fund. This account was designed to allow retired members to share in the ongoing investment performance of the fund. To find out more please see (Pensioner Account Excess Interest Increases) on our website.

If you are receiving a monthly pension from our custodian CIBC Mellon and you have a question regarding your monthly pension you may call them toll free at 1-800-565-0479 or e-mail the Staff Benefits Office (Pension Administration).

Reporting Changes

It is important that you keep your records up-to-date and report changes promptly to the Staff Benefits Office such as:

 

  • your address
  • marital status
  • dependents
  • deductions such as United Way
  • banking

 

 

 

 

 

 

 

Questions or comments regarding Pension Benefits 
please e-mail: Pension Administration