CPP/QPP and OAS

Retirement Benefits under both the Plan and Government Plans

Your retirement benefit entitlements under the Plan are in addition to any entitlements under the Canada/Quebec Pension Plan (CPP/QPP) and Old Age Security Act (OAS).

Government Benefit Amounts at retirement

The current (2007) maximum retirement benefits are:

*CPP/QPP	$863.75 per month
**OAS	$502.31 per month

Applying for Government Benefits

Information concerning CPP/QPP and OAS is available from your local federal government office of Human Resources Department Canada. The telephone numbers are noted in the Blue Pages of your telephone directory.

Notes:

*a)   In order to apply for CPP/QPP retirement benefits before age 65, you must        have effectively retired from the workforce, that is you cannot collect        early retirement benefits under CPP/QPP and continue to work.

**b) OAS benefits may be reduced or eliminated for retirees with high incomes.