If you are age 65 or older,
you may be employed in any capacity after retirement and still be entitled to
receive your pension.
While you are younger than age 65, there are limits on how much you can work
while continuing to receive your pension. If your pension is effective prior
to January 1, 1999, please click here for the rules.
If your pension is effective on or after January 1, 1999, your pension will
be suspended for any month in which you are younger than age 65 and have sessional
earnings that equal or exceed an amount equal to 7 days multiplied by the minimum
day player rate under the TV and Theatrical Agreement, rounded up to the next
$100. The following chart outlines the minimum day player rates and corresponding
suspension earnings levels:
| Period |
TV
& Theatrical Minimum Day Player Rate
|
Sessional
Earnings Limit for Suspension
|
| 7/1/98
- 6/30/99 |
$576.00
|
$4,100.00
|
| 7/1/99
- 6/30/00 |
$596.00
|
$4,200.00
|
| 7/1/00
- 6/30/01 |
$617.00
|
$4,400.00
|
| 7/1/01
- 6/30/02 |
$636.00
|
$4,500.00
|
| 7/1/02
- 6/30/03 |
$655.00
|
$4,600.00
|
| 7/1/03
- 6/30/04 |
$678.00
|
$4,800.00
|
| 7/1/04 - 9/30/05 |
$695.00 |
$4,900.00 |
| 10/1/05 - 6/30/06 |
$716.00 |
$5,100.00 |
| 7/1/06 - 6/30/07 |
$737.00 |
$5,200.00 |
| 7/1/07 - 6/30/09 |
$759.00 |
$5,400.00 |
| 7/1/09 - 6/30/10 |
$782.00 |
$5,500.00 |
Once you have stopped working, your pension will begin again, in the same amount
you were receiving prior to the suspension. At the end of the calendar year,
your total earnings (including residuals) will be reviewed. If your total earnings
are greater than the minimum amount required to earn a Pension Credit, you will receive an increase in your pension for these earnings, starting
at age 65. If your total earnings are less than the minimum earnings requirement,
any pension payments that were suspended will be returned to you.
Click here to see the SPD regarding these rules.
|
