Coquitlam Firefighters Local 1782
Early retirement incentive plan
Updated On: May 135, 2008

Currently, the City of Coquitlam offers Fire Rescue Employees one months salary for every year you leave before 60 (up to a maximum of 5 years or 5 months of pay).  For example if you gross $7000/month and you leave at 55 years of age, you would be entitled to an $35,000 retirement incentive ($7000 X 5 years).  This money can be transferred directly into an RRSP to avoid taxes or taken as cash.  Please note that this incentive is reduced  monthly after 55 down to zero if you retire at 60 years of age.

In addition, the City also offers to payout any unused annual holidays and long service leave after April 1st. 

(Note: It is recommended to retire at the end of the month to ensure a shorter wait period for your first pension cheque.) 


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