10. As of the date of transfer, I will be 45 years of age and have 20 years of accrued pensionable service under the Federal Public Service Superannuation Act (Federal PSSA). My intention is to retire from the Yukon Health Authority at age 55. If I decide to leave my accrued pensionable service with the Federal PSSA what would be my federal superannuation benefit entitlement?
As per the special “pension protection” regulations discussed previously, at age 55, you will have accrued 30 years of pensionable service (i.e. 20 years under the Federal PSSA plus 10 years under the Yukon Health Authority Pension Plan) for “threshold purposes” of establishing an entitlement to a Federal PSSA superannuation benefit. Consequently, you would qualify for an immediate annuity (i.e. unreduced pension) based on the 20 years of pensionable service to your credit with the Federal PSSA (i.e. 2% x 20 years of pensionable service x Highest Average Earnings).
Also, at age 55, you would have accrued 10 years of pensionable service under the Yukon Health Authority Pension Plan and would be eligible for an additional pension benefit based on the terms of the Yukon Health Authority Pension Plan.