Updating a postal retirement oakville dating
Date: November 23, 2016On November 11, 2016 the government of Ontario and the Ontario Public Service Employees Union (OPSEU) reached an agreement regarding post-retirement benefits (PRBs) for members of the OPSEU Pension Plan.
The Ontario government subsequently announced that the terms of that agreement would be extended to members of the Public Service Pension Plan (PSPP), subject to certain exceptions. The agreement with OPSEU and the subsequent announcement respecting PRB changes affecting Ontario Public Service (OPS) employees are the culmination of events initiated in February of 2014, with the Ontario government’s introduction of changes to PRBs that were to take effect on January 1, 2017.
Further, the service requirement for PRB eligibility was to be changed from 10 to 20 years for OPS employees hired on or after January 1, 2017.
Modified Terms The Ontario government’s November 11, 2016 agreement with OPSEU and its announcement respecting other members of the OPS provide for some further changes to PRBs, as follows:  As of November 16, 2016, the changes do not apply to members of the Association of Law Officers of the Crown (ALOC), the Ontario Crown Attorneys’ Association (OCAA), and the Ontario Provincial Police Association (OPPA), or to Case Management Masters, Justices of the Peace, or First Nations Constables.
Is there a reason the Postal Service uses a different conversion chart? Do I qualify for the special retirement supplement?
A: You would be eligible for the special retirement supplement when you reach your minimum retirement age, which is 56.
Can I get a refund for my buyback payment since I will never draw Social Security? As a CSRS employee, there wouldn’t be an “offset” that would cancel any Social Security benefit to which you might be entitled. Postal Service employees have a higher annual leave carryover limit than other federal sectors.Specifically, as originally communicated, PRBs for qualifying OPS employees who retire on or after January 1, 2017 would cease to be fully paid by the Ontario government.Instead, these retirees would have become responsible for 50% of the cost of PRB premiums.I feel that postal employees who retired early really got the shaft. A: His widow should call the Office of Personnel Management’s Retirement Information Office at 888-767-6738…A: No one who accepts an offer to retire early is eligible for severance pay.