HEB Manitoba

Pension Estimator - Overview

Welcome to the HEPP Pension Estimator. You can use the Estimator to see how various employment scenarios, such as a salary increase, changing to part-time or full-time, or working for another year, can affect your monthly pension amount.

You will need to refer to the last Annual Pension Statement issued by HEPP in order to generate a pension estimate. Specifically, you will need:

• Your Magic 80 Date, and
• The amount of Credited Service you have accumulated as of December 31 of the prior year.

To estimate your pension, enter the requested information in the fields provided on the Pension Estimator Form. The estimate will be based on the accuracy of the information you provide. To be eligible to retire, you must:

• Have a minimum of two years of eligible employment service and be at least 55, or
• Have attained Magic 80.

If you do not have two years of employment service, you are a non-vested member and are entitled to a return of your pension contributions with interest.

The formula used to calculate your monthly pension is:

• 1.5% of your Highest Average Earnings, up to the Canada Pension Plan's Year's Maximum Pensionable Earnings (YMPE),
• Plus 2.0% of your Highest Average Earnings over the YMPE,
• Multiplied by your years of Credited Service, and
• Divided by 12.

The Pension Estimator estimates your pension benefit based on a Single Life option, with a guarantee period of five years.

Please read the Disclaimer before estimating your pension.

Step 2 - Disclaimer