Portability Options: Moving Your Pension Benefits To or From the Plan

The HEB Manitoba Pension provides portability options that let you transfer your pensionable benefits into or out of the Plan.

What Are Your Options?

There are two main ways to transfer pension benefits:

Reciprocal Transfers – These work through special agreements we have with other pension plans. They let you move both your credited service time and the money you've contributed between plans.

We have reciprocal transfer agreements with these pension plans:

Brandon University Retirement Plan
Civil Service Superannuation Board
CUPE Employees' Pension Plan
Public Service Superannuation Act
Community Agencies Retirement Plan
Municipal Employees Pension Plan
Teachers' Retirement Allowances Fund (TRAF)

Commuted Value Transfers – If you were a member of a plan that does not have a reciprocal transfer agreement with HEPP, you may be eligible for a Commuted Value Transfer. These involve moving a lump sum amount that represents the value of your pension benefits, pending agreement between both plans.

I want to transfer pension benefits TO the HEB Manitoba Pension Plan

I want to transfer pension benefits FROM the HEB Manitoba Pension Plan

Important to Know

Tax Considerations – Moving pension funds between plans may affect how much you can contribute to your RRSP.

We recommend speaking with a tax advisor or contacting the Canada Revenue Agency (CRA) for guidance about your personal situation.

Disclaimer - This website provides a basic overview of the Healthcare Employees' Pension Plan (HEPP) and the Healthcare Employees' Benefits Plan (HEBP) (collectively the HEB Manitoba Pension and Benefit Plans). Not all employers participate in all Plans. Please check your eligibility for benefits with your employer.

HEB Manitoba is a name notation registered by the Healthcare Employees’ Pension Plan – Manitoba and the Healthcare Employees’ Benefits Plan – Manitoba and under which each of their respective undertakings is carried out.

The information on this website is for convenience of reference only and has no official sanction. See our full disclaimer HERE.

LAND ACKNOWLEDGMENT

HEB Manitoba serves its stakeholders on Treaty Lands 1, 2, 3, 4, 5, 6, and 10, the traditional territories of the Anishinaabeg, Anishininewuk, Dakota-Oyate, Denesuline, Nehethowuk Nations, Inuit, and the national homeland of the Red River Métis Nation.

HEB Manitoba is committed to moving forward in partnership with First Nations, Inuit and Métis people in the spirit of truth, reconciliation and collaboration for the benefit of all people.