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Main -> Superannuation Plan -> Retirement Benefits
-> Age 65
B. Age 65
When a teacher attains age 65, retirement allowances may be available from three sources: the Canada Pension Plan, Old Age Security and the Saskatchewan Teachers Superannuation Plan.
(a) Canada Pension Plan Integration

All teacher pensions are reduced at age 65 (unless you are a member of a religious order). This is not an option you can choose. This reduction occurs due to the integration of the Teachers' Superannuation Plan with the Canada Pension Plan(CPP). Because of this integration, you were contributing less to the Teachers' Superannuation Plan than you would have otherwise.
At age 65, your monthly pension from the Teachers Superannuation Plan will be reduced by the amount shown on your personalized Estimate of Pension statement (this amount will also be adjusted for the cost of living increases since your retirement).
The reduction for your teachers pension is done at age 65, regardless of your actual decision to apply for early CPP.

(b) Upward Adjustment
If you retire before age 65, you can choose to receive an optional advance in addition to your monthly pension. When you receive a personalized Estimate of Pension statement, the amount of the advance is shown on Option B. This is meant to level out your Saskatchewan Teachers' Superannuation pension and Old Age Security (OAS) pensions before and after age 65. You will receive this advance each month until age 65. At age 65, your monthly pension will be reduced by the amount also shown in Option B (adjusted for cost of living increases since your retirement). The reduction applies even if you are not eligible for OAS benefits.
Note: Application is required for Canada Pension Plan and Seniors Benefits or Old Age Security Benefits. Contact Human Resources Development Canada at 107 - 4th Avenue South, Saskatoon, S7K 5X2, 1-800-272-9914, or 5th Floor, 2045 Broad Street, Regina, S4P 3T7.
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ADMINISTRATION
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FUNDS
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CONTRIBUTION RATE
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TEACHING SERVICE
* Contributory Teaching Service
* Income Continuance Plan Service
* Purchase of Service
* Service on a Part-Time Contract
* Substitute Service
* Accumulation of Partial or Substitute Service
* Qualifying Service
* Procedures
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RECIPROCAL TRANSFER AGREEMENTS
* Procedure
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ELIGIBILITY
* Retirement with an Unreduced Allowance
* Retirement with a Reduced Allowance
* Procedures
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RETIREMENT BENEFITS
* Prior to Age 65
* Age 65
* Minimum Allowance
* Procedures
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INDEXING OF ALLOWANCES
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DEFERRED ALLOWANCES
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SURVIVOR BENEFITS
* Death Before Retirement
* Death After Retirement
* Adjustment at Age 65
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TERMINATION
(For Reasons Other Than Retirement)
* Conditions for a Refund
* Amount of Refund
* Reinstatement of Refund
* Commuted Value
* Spouse of Deceased Teacher
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SUPERANNUATES WHO RETURN TO TEACHING
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PENSION DIVISION ON MARRIAGE BREAKDOWN
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VOLUNTARY CONTRIBUTIONS
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SUMMARY
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PENSION AUTHORITIES' CONTACT
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