Welcome to MEPP

Welcome to the Municipal Employees’ Pension Plan (MEPP).

Type of plan

Defined Benefit

Member types

• General members
• Designated police officers and firefighters

Eligibility

• Mandatory for permanent employees
• Optional for non-permanent employees

Vesting period

• Two years of employment with employer
• Age 65 & over are immediately vested

Rate of contribution

General members	Designated police officers and firefighters
Employee 9.00%	Employee 12.50%
Employer 9.00%	Employer 12.50%

Voluntary contributions - Not allowed

Normal retirement age 

General members	Designated police officers and firefighters
65	60

Deferred retirement - Allowable to age 71

Early retirement criteria

General members	Designated police officers and firefighters
Unreduced Age plus service = 80   Reduced Age 55 plus 15 years eligibility service	Unreduced Age 55 Eligibility Service = 25; or Age plus eligibility service = 75 Reduced Age plus eligibility service = 70

Highest Average Salary (HAS)

Highest annualized three calendar years of salary (HAS)

Lifetime pension formula

Applicable accrual rates x HAS x Pensionable Service

Accrual rates

General members	Designated police officers and firefighters
Prior to 1990 and 2001 through 2005 = 1.8% 1990 through 2000 and after 2005 = 1.5%	Prior to 1990 and 2001 through 2005 = 2% 1990 through 2000 and after 2005 = 1.7%

Bridge formula

Applicable accrual rates x HAS x Service

Bridge Accrual Rates

General members	Designated police officers and firefighters
Prior to 1990 and 2001 through 2005 = 0.2% 1990 through 2000 and after 2005 = 0.5%	Prior to 1990 and 2001 through 2005 = 0.3%

Indexing

On pension payments for service before 1999, provided funds are available.

Normal form of pension

If you have a spouse when you retire:

• Joint pension with five-year guarantee and
• 60% survivor benefit

If you do not have a spouse when you retire:

• Single life pension with 15-year guarantee

Optional forms of pension

Joint pension
Guarantee period of 5, 10 or 15 years
Survivor benefit of 60%, 75% or 100%

Single Life Pension
No optional form

Retirement options 

Receive your monthly pension from the Plan

Termination benefit

Vested – commuted value
Non-vested – employee balance

Termination options

Vested employees	Non-vested employees
Establish deferred pension or transfer value of benefit from Plan if not qualified for a MEPP pension at termination.	Remove benefit from Plan

Death benefit

Value of benefit earned to date of death

Breakdown of spousal relationship
Before retirement – division of value of benefit allowed
Pensions in payment – division of pension payments only

Related links:

MEPP Member Booklet

Welcome to MEPP - YouTube

Creating a Retirement Plan - YouTube