Working fewer hours affects your income, so to offset the impact you could ask the Desjardins Group Pension Plan (DGPP) for an early phased retirement benefit paid out as an annual lump sump. To do this, you'll need to sign a gradual retirement agreement.
Naturally, the amounts paid out will be taken into consideration and will lower the pension amount you'll receive once you retire fully. Upon request, we can provide you with an estimate of the maximum annual amounts you could withdraw from the DGPP and an estimate of your pension, factoring in the early retirement benefit.
Details of the benefit:
• Withdrawal of the lump sum is voluntary, and you can make 1 withdrawal per year.
• The withdrawal can't exceed the limit set by law and is only available to Quebec members.
• You may receive the early retirement benefit as a taxable lump sum or have it transferred to your RRSP.