ATRF CPP/OAS Optional Advance/Reduction Program

If you retired before age 64, you had the option of choosing an advance from ATRF. The amount of the advance was based on your estimated Canada Pension Plan (CPP) and if applicable, Old Age Security (OAS) benefits at the time of your retirement. If you chose to coordinate your pension with the CPP advance and/or the OAS advance, you are receiving a loan from ATRF, payable for your lifetime and it must be repaid with interest, through a reduction. The repayment begins at age 65 by a reduction to your total monthly pension payment from ATRF. This reduction continues for your lifetime.

For pensions started after June 30, 1982, the advances and reductions cease with the death of the pensioner.

You cannot change the advance you selected regardless of when you start to receive your CPP and/or OAS benefits, or whether the Federal Government changes eligibility requirements, benefits available or taxation rules.