What is the normal retirement date under the memorial University Pension Plan?
The normal retirement date is August 31 next following attainment of age 65 except for employees whose birth date is August 31, in which case their normal retirement date coincides with their 65th birthday. This does not mean that employees must retire on their normal retirement date; mandatory retirement ended at Memorial University in 2007. Employees must, however, begin their pensions by December 31 of the year in which they reach the age of 71, in accordance with the Income Tax Act (Canada).
