How to trace a pension?

What is the impact of UI (Unimployment Insurance) on one's Pension Plan?

• I'm 58 yrs. old and am a provincial government worker in Quebec, Canada. I may be losing my job soon and may have to go on UI as early as next month (november). I think i'll retire when i turn 59 in April 2012 and collect my work pension (RREGOP). Can one collect UI while collecting one's work pension? Also, I get docked 4% for each year that i take my pension before the age of 60. Which means that even if i didn't lose my job i would be taking in 4 % less in April 2012 than if took it in April 2013 at the age of 60. My question is the following : If i do go on UI next month at age 58 (and therefore I and my boss stop paying into the Pension Plan) and take my Pension as planned in April 2012 at 59 will i receive 4% less or will i receive 8% less due to the fact that i stopped working at 58 (even though i took my pension at 59 and the plan had time to generate interest between my going on UI and going on my pension) ?

• Answer:

  http://lwd.dol.state.nj.us/labor/ui/content/faq.html Q. Does my Pension or Social Security affect my claim? A. Social Security Retirement benefits do not affect your unemployment benefits. If you are eligible to receive a pension from an employer that is included on your unemployment claim, the benefits may be reduced. The term "pension" includes benefits paid in a lump sum, such as 401K, as well as pensions that are paid on a monthly basis. If you have applied, received or expect to receive a pension, a claims examiner appointment will be scheduled to discuss the pension. If you contributed the entire cost of your pension, your unemployment benefits will not be reduced. If you and your employer contributed to the pension, 50% of your weekly pension amount will be subtracted from your unemployment benefits. If your employer contributed the entire cost of your pension, your unemployment benefits will be reduced by 100% of your weekly pension amount. Above copied from Department of Labor (US) You posted your question from Canada, so could be the same as the US? When/if you get laid off, your employer should provide documents of what you are entitled to, if it would be rated at age 58 or 59. I suggest you go to your unemployment site and see if there is a FAQ regarding pensions. good luck