If you are eligible to retire on an unreduced pension benefit after age 60 and prior to age 65, you will be eligible for the full Supplementary Bridge Benefit if you earned at least thirty (30) years of credited current service in total. You also need to have earned at least one year of credited service (1,500 hours at the full rate) in the 5 years immediately preceding your retirement date, except if you were in receipt of short or long term disability benefits for at least 80% of the time in the 5 years immediately preceding retirement. If you have less than thirty years of credited current service, the Supplementary Bridge Benefit will be reduced proportionately. The Supplementary Bridge Benefit will be payable until you reach age 65. The full amount of the Supplementary Bridge Benefit depends on when you retire, based on the following table:
|Age At Retirement||Monthly Bridge Benefits|
Important Note:The Supplementary Bridge Benefit is subject to the consent of the Board of Trustees. For members with less than 30 years of credited current service (45,000 contributory hours at the full rate), the Bridge Benefit will be reduced proportionately.
You will not be entitled to any Bridge Benefit if you are retiring on a disability pension, or you are only entitled to a deferred pension or if your membership in the Plan terminates (for service prior to termination date).