Pension transfer in—You are interested in receiving Pension Transfer Agreement IN estimate
What you do
You request a Pension Transfer Agreement (PTA) estimate by contacting the Government of Canada Pension Centre.
When you do it
Within one year from the date you receive written notification of your contributory status under the public service pension plan or within 1 year from the date a PTA is signed; whichever is later.
What the Government of Canada Pension Centre does
Confirms that a valid PTA exists with your former pension plan administrator and confirms your eligibility to transfer your pension.
Completes the relevant portions of the Appendix A/A1 and sends the form to you with an estimate of cost for your prior service including your pensionable employment and pension quotations illustrating the impact a transfer might have on your future benefits.
In anticipation that you will proceed with the transfer after reviewing the estimate information, will request a certification of salary and service record and proof of age (if not already provided) from your compensation advisor.
What the Compensation Advisor does
The Compensation Advisor (CA) completes forms PWGSC-TPSGC 2020 titled "Salary Service Information - Pension Support Systems" and PWGSC - TPSGC 2201 titled "Request to Certify a Salary Rate" and forwards them to the Government of Canada Pension Centre.
When the Compensation Advisor does it
The CA must provide the salary and service certification within 20 working days, as requested by the Government of Canada Pension Centre.
What you do
You complete the Employee's Authorization portion of the form titled "Request for Transfer Estimate" - Appendix A/A1 provided by the Government of Canada Pension Centre before forwarding to your former pension plan administrator.
When you do it
Within one year from the date you receive written notification of your contributory status under the Public Service Pension Plan or within 1 year from the date a PTA is signed; whichever is later.
What your former Pension Plan Administrator does
Completes the Employee's Information portion of the form titled "Request for Transfer Estimate" - Appendix A/A1 and returns it to Government of Canada Pension Centre with your service and salary records.
When your former Pension Plan Administrator does it
As per the terms of the negotiated agreement, which generally stipulates within three months from receipt of the completed Appendix A/A1.
What the Government of Canada Pension Centre does
Collects all pertinent data, prepares and forwards to you an individualized information package including the PTA estimate and pension quotations illustrating the impact a transfer might have on your future pension benefits.
When the Government of Canada Pension Centre Does it
The Government of Canada Pension Centre will endeavour to forward the Appendix B/B1 - Pension Transfer estimate - to the employee within three months from receipt of the completed Appendix A/A1 - Request for Transfer Estimate - and service and salary records from the other plan administrator, or within 30-days from receipt of the required documentation/data, whichever is later.
What you do
You consult all relevant sources of information to make your decision. If you choose neither to transfer your pension credits nor to buy back prior service, the process ends. If you choose to transfer your pension credits under the terms of a PTA, the roles and responsibilities stated under the TRANSFER process heading apply.