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Early Retirement with Reduction for Disability

To be eligible for retirement with a reduced pension for disability, employees must meet the following conditions:

  • Be at least 50 years old
  • Have 21,000 hours worked or more in their retirement file
  • Be recognized as totally disabled as defined in the Règlement sur les régimes complémentaires d’avantages sociaux dans l’industrie de la construction.
    • For the purposes of the pension plan, “total disability” is defined as a state of incapacity resulting from an illness or accident and necessitating medical care, where such illness or accident entirely prevents the person affected from performing the usual tasks of his or her job.

Employees must contact the CCQ’s Customer Services to apply for retirement.

The reduction takes into account the period between the first day of the month following the month in which the retirement application was submitted and the date at which the employee would be eligible for a retirement with an unreduced pension. The pension from the General Account is reduced by 3% per for each year before the normal retirement date. The exact amount of the reduction is given on the Application for Pension Benefit form. This reduction is permanent: it applies as long as the pension is payable by the plan.

Example:

An employee, recognized as totally disabled, is eligible for an unreduced pension at age 60. He applies for disability retirement at age 54: he is 6 years before the normal retirement date (60 – 54). His pension from the General Account is therefore permanently reduced by 18% (6 years x 3%).

 

The pension from the Complementary Account is calculated based on the employee’s age and the value of his or her Complementary Account at the time of application for retirement.

Start of the pension

Employees are not eligible for retirement with a reduced pension for disability before the 53rd week following the beginning of their disability unless their life expectancy is reduced to less than two years.

Reduced life expectancy

An employee who is eligible for a pension and whose life expectancy is less than two years may, as soon as the disability is diagnosed, apply

  • to receive his or her pension due to disability, OR
  • to receive a lump-sum amount equal to the value of the pension.

Employees who do not meet the conditions for being eligible for disability retirement may be eligible for benefit upon termination of plan membership.

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