Retiree Benefits

Retiree Benefits Packages

Employees, with continuing appointments of five (5) years or more, who retire from the University and take an immediate monthly Carleton pension may be eligible for some benefits through Carleton at retirement.

Important: If you defer your pension or if you transfer funds out of the pension plan you will not be eligible for any retiree benefits.

Once enrolled, coverage continues upon your death to your eligible dependents.

Note: Fraudulent claims submission is a serious offence that will lead to termination of coverage.

Benefits at a Glance

Administrative Technical Exempt – Retiree Benefits at a Glance

CUASA – Retiree Benefits at a Glance

CUASA Exempt – Retiree Benefits at a Glance

CUPE 2424 – Retiree Benefits at a Glance

CUPE 3778 – Retiree Benefits at a Glance

CUPE 910 – Retiree Benefits at a Glance

Non-Union – Retiree Benefits at a Glance

OPSEU 404 – Retiree Benefits at a Glance

Benefits Booklets

Administrative and Technical Exempt Retirees Benefits Booklet

CUASA – Academic Management Retiree Benefit Booklet

CUASA – Retiree Benefit Booklet

CUPE 2424 – Retiree Benefit Booklet

CUPE 3011 – Retiree Benefit Booklet

CUPE 3778 – Retiree Benefit Booklet

CUPE 910 – Retiree Benefit Booklet

Non-Union Retirees Benefits Booklet

Safety (University Security) Retiree (on or after Oct 1, 2002) Benefits Booklet

Basic and Optional Life Insurance

Your basic and optional life insurance will terminate as of your retirement date.
You have the option, within 31 days following your retirement, to convert some of your insurance to a personal plan without evidence of insurability. If you are generally in good health, this option is likely more expensive than purchasing a personal policy with medical evidence but it is beneficial if you have developed a condition that would prevent you from otherwise purchasing insurance.
For more information on converting your basic life insurance, you can contact David Gunn (a Sun Life Financial representative) at (613) 728-1223 ext. 2275.
For information on converting your optional life insurance, you can contact a Canada Life representative at (613) 270-6800.
For information on purchasing an individual life insurance conversion policy, complete this form here, you can contact a Canada Life representative at 1-888-252-1847.

Extended Health Care

At retirement, members with continuing appointments, who are covered for the Extended Health Care benefit, who have at least five years continuous service and take an immediate pension are eligible to have this benefit for themselves and for their spouse and eligible dependents.

Coverage continues upon your death to your eligible dependents.

Considerations

If you are a resident of Quebec, and you are eligible for continued coverage under the Carleton University Health plan, when you reach age 65, you must be insured by RAMQ for prescription drugs. The Carleton University Health plan becomes the second payer. For more information, contact the RAMQ office at (800) 561-9749 or visit their website.
If you are planning to become a non-resident, your provincial health insurance will terminate. You must have provincial health coverage in order to be eligible for the Carleton Health Plan so your Carleton Health Plan will also terminate. If you return to Canada and again have provincial health coverage, you may apply to be reinstated in the Carleton health plan at that time.

Disability Benefits

If you become disabled and are receiving benefits from the Long Term Disability Plan, you will continue to participate in the Retirement Plan and the required contributions to the plan will be made on your behalf at no cost to you.

If you remain disabled and receive disability benefits up to age 65, the Minimum Guarantee Pension will still apply. It will be based on your years of service including the years you were disabled, and your earnings at the time you became disabled, adjusted by the cost of living up to three percent annually on July 1, each year following your date of disability.

Termination Benefits

If you terminate employment with the University you may:

Transfer the greater of your Money Purchase Component, including the University’s portion, or the commuted value of your Minimum Guarantee Pension to the Pension Plan of a subsequent employer, a locked-in Registered Retirement Savings Plan or, depending on your age at the time of transfer, a Life Income Fund (LIF).
Leave your Money Purchase Component Account in the Plan. The balance will continue to accumulate fund investment earnings and provide you with a pension at retirement. The amount of pension you will receive will be based on the contributions made by you and by the employer on your behalf up to the date of your termination including investment return. The Minimum Guaranteed Pension will still apply and will be based on your earnings and service up to the time you leave the University but will be reduced by actuarial equivalent factors upon early pension commencement. Deferred members, who terminated before age 55, are charged an annual administration fee equal to 1.00% of the member’s account balance.

Note: If your employment with the University is terminated after your Normal Retirement Date (NRD), you will not have the option of a transfer. If your employment with the University is terminated prior to your NRD, the option of a transfer is only available if you inform the University of your election and provide any required documentation at least 60 days prior to your NRD.

Proof of the death, such as: a Death certificate, Certificate of Appointment of Estate Trustee with a Will, or Certificate of Appointment of Estate Trustee without a Will

Your contact information including your name, address, telephone number and relationship to the deceased

Contact information for the executor of the estate.

Other Benefits/Notes

Retiree Campus Card

As a Carleton University Retiree, if you had continuing appointment with at least 5 years of continuous service and take an immediate pension at retirement, you may continue to use your ID card to access the Library and Athletics facilities. Visit the Campus Card Office to replace a lost card.

Out of Country Emergency Coverage

If you are planning to travel in retirement, remember that the Carleton health plan offers out-of-country emergency coverage for a travel period up to six months through Canada Life Global Medical Assistance. The emergency numbers are on the back of your Carleton prescription drug card.

Retiree Association

The Carleton University Retirees Association is managed by volunteers. Joining the Carleton University Retiree Association can help enable you to remain in contact with former colleagues.

Additional Voluntary Contributions can be withdrawn in cash, transferred to an RRSP or RRIF, or left in the Plan, provided the basic pension remains in the plan. However, any special transferred contributions which were subject to “locking in” must remain locked-in. Cash withdrawals are subject to taxation.

If you die before retirement, your beneficiary or estate will receive a refund of the greater of the commuted value of your Minimum Guarantee pension or the balance in your Money Purchase Component Account (Employee plus Employer) plus your Voluntary Contributions Account.

In the absence of a waiver signed by your spouse, the pre-retirement death benefit will be paid to your spouse, not to your beneficiary if other than your spouse.

Your beneficiary or estate will receive benefits according to the form of pension payment you chose at retirement.

In the event of a death of a pensioner or spouse, please contact a Pension Specialist.

The Pension Specialist will request:

Proof of the death, such as: a Death certificate, Certificate of Appointment of Estate Trustee with a Will, or Certificate of Appointment of Estate Trustee without a Will

Your contact information including your name, address, telephone number and relationship to the deceased

Contact information for the executor of the estate.

Tuition Waiver Application for Eligible Retirees

Eligibility

Retirees, who held continuing appointments of five (5) years of service or more, are eligible for the tuition waiver benefit for themself, their spouse, and eligible dependents if, on your actual retirement date, you were at least age 55 and elected an immediate monthly Carleton pension.

Application Process

Student registers for course(s) via Carleton Central.
After course registration is complete, Retiree submits a completed Retiree – Tuition Waiver Application Form to Human Resources. Be sure to do this before the financial drop date deadline of the term.
The HR Benefits team will process your application and contact you if necessary.

Contact the Registrar if you are unsure of how to register for courses on Carleton Central.

Contact Human Resources for more information on the Tuition Waiver Program.

Contact Student Accounts for more information on when the benefit gets applied to the student account.

Retiree – Tuition Waiver Application Form

Tax Impact

Commencing in 2007, free tuition to a retiree family member is not reported on the retiree’s income. Instead, the fair market value is reported as a scholarship on a T4A slip for the family member.

For more information regarding the tax impact on tuition fees, please visit the Canada Revenue Agency website.