Normal Retirement
12. (1) The normal retirement age of a member is, (a) sixty-five years; or (b) sixty years, if a member is a police officer or firefighter and the employer has changed the normal retirement age of the class of employees to whom the member belongs to sixty years. R.R.O. 1990, Reg. 890, s. 12 (1); O. Reg. 783/92, s. 6 (1). (2) The normal retirement date of a member is the last day of the month in which the member attains the member’s normal retirement age. R.R.O. 1990, Reg. 890, s. 12 (2). (3) An employer may change the normal retirement age of all members or any class of members who are police officers or firefighters from sixty-five years to sixty years by submitting an election in writing to the president. O. Reg. 783/92, s. 6 (2). (4) In subsection (3), “police officer” includes a police cadet. R.R.O. 1990, Reg. 890, s. 12 (4). (5) The normal retirement age of a member who, (a) is contributing to the Fund on the basis of a normal retirement age of sixty years; (b) previously contributed to the Fund on the basis of a normal retirement age of sixty-five years; and (c) has not withdrawn from the Fund any of the contributions referred to in clause (b), shall be deemed to be sixty years for his or her entire period of credited service, and the period of his or her credited service while his or her normal retirement age was sixty-five years shall be reduced by one-quarter, unless credit is established in the Fund by or in respect of the member of an amount, determined by the Board on the advice of the actuary, equal to the difference between the present value of the pension earned based on credited service while the member’s normal retirement age was sixty-five years and the same pension calculated as if the member’s normal retirement age had been sixty years. R.R.O. 1990, Reg. 890, s. 12 (5); O. Reg. 591/98, s. 5 (1). (6) Despite subsection 10 (4), a member who is contributing to the Fund on the basis of a normal retirement age of sixty-five years and previously contributed to the Fund on the basis of a normal retirement age of sixty years shall have refunded to him or her, (a) the contributions made by the member under section 10 on the basis of a normal retirement age of sixty years minus the contributions that would have been made by the member under section 10 on the basis of a normal retirement age of sixty-five years; or (b) any excess contributions made under subsection (5) or section 20, 25, 26 or 26.1, with interest calculated in the manner provided under subsection 19 (3). O. Reg. 775/91, s. 10; O. Reg. 591/98, s. 5 (2). (7) Despite subsection 19 (1) and in lieu of the benefit referred to in subsection (6), a member who ceases to be an employee or councillor of an employer may, by written request to the president, request that the contributions referred to in subsection (6) be paid to him or her, together with interest thereon at the rate set forth in subsection 19 (3) less the amount of benefits that have been paid. R.R.O. 1990, Reg. 890, s. 12 (7); O. Reg. 783/92, s. 2. (8) The normal retirement age of a member who, (a) is contributing to the Fund on the basis of a normal retirement age of sixty years; (b) previously contributed to the Fund on the basis of a normal retirement age of sixty-five years and before that contributed to the Fund on the basis of a normal retirement age of sixty years; and (c) has not withdrawn from the Fund any of the contributions referred to in clause (b), shall be deemed to be sixty years for his or her entire period of credited service, and the period of credited service to the credit of the member based on a normal retirement age of sixty-five years shall be reduced by one-quarter unless, (d) in respect of a prior period during which the member contributed to the Fund on the basis of a normal retirement age of sixty-five years, credit is established in the Fund by or in respect of the member to the Fund of an amount calculated in accordance with subsection (5); and (e) in respect of a prior period during which the member previously contributed to the Fund on the basis of a normal retirement age of sixty years, credit is established in the Fund by or in respect of the member of an amount equal to the excess of contributions made by the member referred to in subsection (6), together with interest thereon calculated in the manner provided in subsection 19 (3). R.R.O. 1990, Reg. 890, s. 12 (8); O. Reg. 591/98, s. 5 (3). (9) If a member’s age is sixty years or more, the one-quarter reduction referred to in subsections (5) and (8) shall equal one-twentieth times the number of complete years and months that the member’s age is less than sixty-five years, and the calculation of the amount referred to in subsections (5) and (8) shall be modified accordingly. R.R.O. 1990, Reg. 890, s. 12 (9); O. Reg. 591/98, s. 5 (4). Normal Retirement Pensions