A deferred pension is the ideal option for a member who wants the security of a pension that’s backed by a well-governed, professionally-managed defined benefit pension plan.

It doesn’t matter how far you are from retirement, your pension will be waiting for you when you’re ready to collect it.

Your deferred pension offers lifelong benefits before and after you retire:

• Retire at a time that’s right for you - there’s no need to follow the markets or worry about the impact the economy will have on your retirement date.
• Your pension amount is guaranteed regardless of the markets, interest rates, or other external factors.
• You can retire early with a reduced pension – starting at age 55, or as early as age 50 if you are earning a pension in DBprime and you have more than 20 years of pensionable service at termination of employment, or you are earning a pension in DBplus.
• Your deferred pension starts receiving inflation protection increases (when they apply) to partially offset the impact of inflation even before you start your pension. You retain the flexibility to transfer your pension to another employer’s pension plan in the future (if the other employer permit transfers).
• At retirement, you’ll receive a steady and reliable stream of monthly pension payments, for life.
• You can’t outlive your pension – you’ll receive your monthly payments as long as you live.
• Survivor benefits are available to your survivors whether you die before retirement or after you start collecting your deferred pension.