Working up to Age 71
If you are a pensioner under age 71, and are collecting a monthly pension from the LPF, (with the exception of a Disability Pension) you can return to work under covered employment, however, your pension benefit payments will be suspended during this work period and the following applies:
- Any pension payment(s) that are received after your re-employment date, must be refunded to the LPF;
- You are obligated to advise the LPF office in writing at the start and end of your re-employment period;
- Your pension payments will be reinstated effective the month after you stop working;
- Your pension will be re-calculated during your period of re-employment:
- Contributions are remitted on your behalf for a minimum of 1,200 hours if you are under age 65; or
- Contributions are remitted on your behalf for a minimum of 300 hours if you are over the age of 65;
- Your employer is required to report on a T4 slip , the applicable Pension Adjustment amount.
Questions? Please contact the LPF Office for more information.
How to Notify the LPF
Complete a Notice of Re-employment form and send it to the LPF Office as soon as possible. This form is also available at your Local Union.
NOTE: We do not accept notifications by telephone.
Once the LPF office receives your Notice of Re-Employment, your benefits will be suspended. If you do not submit your form and pension contributions are remitted to the LPF on your behalf for a month in which you already received a pension payment, you will be required to refund the pension payment(s) to the LPF.
Working Past Age 71
The Income Tax Act prohibits contributions to the Fund for members who work after the year they turn 71. This also means you cannot earn Pension Credit in the Plan after age 71. As a result, even if you continue to work after December 31st of the year in which you turn 71, you must begin collecting your pension.