MAINTAIN PENSION CONTRIBUTIONS DURING UNPAID LEAVE DUE TO COVID-19
Staff who go on an approved unpaid leave of absence due to COVID-19 can now fund their pension contributions as a result of recent changes.
Known as purchase of service, this payment can help staff get closer to an unreduced pension or increase their benefit at retirement by avoiding a break in their Municipal Pension Plan (MPP) or Public Service Pension Plan (PSPP) contributions.
Purchase of service is a personal decision; therefore, staff are encouraged to consult an independent financial advisor before making a decision to pursue this.
Purchase of service applies to a number of approved unpaid leave types, including:
Critical illness or injury
Disappearance or death of a child
Domestic or sexual violence
To purchase service, staff need to apply to their pension provider within 30 days of the start of their leave.
For more information, please see the below resources:
Municipal Pension Plan
Public Service Pension Plan
If you need to reach PHC’s Infection Prevention and Control Team (IPAC), please call local 69357. Do not contact individual IPAC team members.