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Frequently Asked Questions
 

  1. What does the Retirement Centre do?
  2. What happens to my parking sticker when I retire?
  3. Can I get free parking once I've retired?
  4. How do I know how much my pension will be at retirement?
  5. Do you have a list of financial fee-for-service advisors?
  6. How do I get in touch with YURA?
  7. What are my post-retirement benefits?
  8. Where can I get information on the amount of CPP and OAS that I'll receive in retirement?
  9. What is the Canada residency requirement to maintain an active Health Care (OHIP) account?
  10. What is the supplemental health insurance, for a retiree living in U.S. be?

What does the Retirement Centre do?
The Retirement Centre provides a generalists point of view regarding retirement planning - what you need to consider or know as you plan for retirement, referrals for where to get more specific information, and some fresh ideas for problem-solving. The Retirement Centre organizes seminars, provides individual consultation and offers a referral service. There is no charge for any of its services.


What happens to my parking sticker when I retire?
Anyone who is going to retire should be returning his or her permit to Parking and Transportation Service prior to leaving the University. Permits that most staff and faculty have when they retire are continuous permits that are still valid. Also, it is necessary for Parking to terminate your account in their system and close out any necessary paperwork.


Can I get free parking once I've retired?
When you become a member of YURA (York University Retiree Association) you will be eligible for 12 free parking vouchers. YURA parking vouchers allow you access to various parking areas when you come onto campus for Retiree events, visit colleagues, attend the gym etc. The cost to join the association is $20.00 per year. For more information, please visit YURA's website www.yorku.ca/yura.


How do I know how much my pension will be at retirement?
The Pension and Benefits department issue personalized Pension Statements ever year that show the value of your Pension as well as a projection of what your retirement pension will be at age. As well, they have developed a computer tool, Retirement Planner (York University Retirement Planner) . For further information contact the Pension office.


Do you have a list of financial fee-for-service advisors?
Yes, click here for the current list


How do I get in touch with YURA?
To sign up for any of the YURA programs call the YURA office at 70664. Volunteers staff it Monday -Thursday. To become a YURA member, call the Retirement Centre, at 66228 or drop in and fill out the application form. Membership is a bargain at $20/year. For more information please visit the YURA Web site.


What are my post-retirement benefits?
Knowing which benefits discontinue and the rules around those that do continue is an important piece of retirement. Here is the link to HR's site that lists post-retirement benefits. For further details call the pension office or visit their web site.


Where can I get information on the amount of CPP and OAS that I'll receive in retirement?
You can call Human Resources Development Canada at 1 800 277-9914 to ask questions such as these: do I qualify for a pension, what if I move, how much will my pension be if I take it early, on-time or late? Or go on-line to their site at http://www.sdc.gc.ca. Pension forms are also available in the Retirement Centre.


What is the Canada residency requirement to maintain an active Health Care (OHIP) account?
You can stay out of Ontario for 212 days and keep your OHIP. Travel Insurance to match up to the same 212 days is available throught various insurance providers.


What is the supplemental health insurance, for a retiree living U.S. be?
For further information go to OHIP website.