Can pension payments be deferred?

If you leave your job before your earliest retirement age, you can keep your pension benefit on deposit in the plan so that you can take a monthly payment when you retire. This is called a deferred pension.

What is the difference between active and deferred pension?

An active member is a member who continues to build up pension benefits in the scheme. You will still be employed by the employer of whose scheme you are a member. A deferred member is a member who no longer builds up pension benefits in the scheme.

What are members with deferred benefits?

A deferred member is a member who has left a pension scheme but has opted to keep their pension benefits in the scheme. Your deferred pension will have been worked out ing to the rules applicable to your benefit structure in the scheme.

What does deferred members mean on a pension?

A pension scheme member who has left service with an entitlement to retirement benefits payable at a future date.

What is a deferred member final salary pension?

When you leave the company providing the Final Salary pension, you become a 'deferred member' of the scheme, and the pension is sometimes referred to being 'frozen' or dormant. It refers to the point you left the company when you and your employer stop making contributions.

Get Application For Retirement

Application for retirement pension (deferred members) Use this form if you are no longer employed by an OMERS employer but kept your pension with OMERS (a deferred member) and you wish to receive.

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