1. Since my employment with YG will be terminated effective the date of transfer, can I not begin collecting a monthly Federal Public Service Superannuation Act (Federal PSSA) superannuation benefit when I start working for the Yukon Health Authority?

Answer

No. In accordance with the provisions of the Federal PSSA and the anticipated Divestiture Regulations which will apply to the Yukon Health Authority transition, a transferred contributor can only commence receipt of a Federal PSSA monthly pension benefit upon termination of employment with the Yukon Health Authority. However, a transferred contributor, if eligible, can exercise an option to receive a lump sum benefit (i.e. a Return of Contributions plus interest (ROC) or a Transfer Value (TV)) at any time within one year subsequent to the date of transfer to the Yukon Health Authority.

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