Purchasing Past Service

The HRM Pension Plan offers two ways to consolidate past service under our Plan. These consolidations of past service offer members an opportunity to increase their HRM benefit payable upon termination or retirement. 

Members can increase their pensionable service by buying uncredited periods of past service with HRM or another employer, or by transferring service accrued under other registered pension plans to the HRM Plan.

Traditional Past Service Purchases

• Increase pensionable service under the HRM Pension Plan
• Consolidate your pension benefits under one plan
• Purchase prior HRM service OR service with another employer
• Can be paid for with tax deductible contributions

To see if you’re eligible for a traditional service purchase click here to find out more.

Reciprocal Transfers

• Increase pensionable service under the HRM Pension Plan
• Increase service for early unreduced retirement eligibility
• Consolidate your pension benefits under one plan
• Are available only with participating pension plans
• Can be paid for with tax deductible contributions

Visit the Reciprocal Transfer section of our website to find out more.