It is possible to return to the workforce after you begin to collect your MEPP pension. While there is no minimum amount of time required between starting your pension and re-entering the workforce, you must have terminated your previous employment or taken a position where you no longer contribute to MEPP or the Public Service Pension Plan (PSPP).
If you begin a new job with a MEPP or PSPP employer, you must let your employer know that you are currently receiving a MEPP pension and cannot participate in either plan.
Before re-entering the workforce after starting your MEPP pension, consider the following:
You cannot start contributing to MEPP or PSPP again to increase the pension amount you are currently receiving, even if you retired before age 65 and are receiving a reduced pension.
You can work for an employer with a different pension plan and, if eligible, contribute to that pension plan without impacting your MEPP pension.
There may be income tax implications if you work while receiving a pension. If you have income from multiple sources, such as a pension and current employment, you can request additional tax be withheld from your MEPP pension payment to avoid owing money at tax time. If you would like to increase the amount of tax deducted from your pension, you can send in an updated TD1 form.