Welcome to 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

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