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Main -> Superannuation Plan -> Retirement Benefits
-> Minimum Allowance
C. Minimum Allowance
Notwithstanding any other provisions regarding the calculation of allowances, the minimum allowance payable shall not be less than $192 annually for each year of contributory service for those whose allowances are effective on or after July 1, 1993. The minimum for those allowances effective prior to July 1, 1993 is $96 annually for each year of contributory service. If the allowance does not exceed 2% of the year's maximum pensionable earnings in effect in the year in which the entitlement to the allowance occurs the Commission will pay the commuted value of the allowance to the member in lieu of the allowance.
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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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