You must file a return for 2016 if: You have to pay tax for 2016. We sent you a request to file a return. You and your spouse or common-law partner elected to split pension income for 2016. See lines 115, 116, 129, and 210. You received working income tax benefit advance payments in 2016.
The minimum number of points to be eligible for retirement at the age of 60 with 20 qualifying years of service is 1,000 (50 points per year) with a corresponding retirement pay equal to 6.94 percent (1,000/360 x 2.5=6.94%) of basic pay.
Active members in Tier 1, 2, 3 or 4 who have at least five years of credited service are vested. Tier 5 and 6 members must have ten years of credited service to be vested. Once you become vested, you may leave public employment and, at a later date, apply for and receive your retirement benefit.f you leave the payroll before age 55, you are eligible for a retirement benefit when you reach age 55. If you are a Tier 1 or Tier 2 member, you are eligible for a benefit on the first of the month following your.