Retirement Benefits
When you turn 65 and are receiving, or received, Extended Earnings Loss (EEL) benefits on or after January 1, 2019, you are entitled to a one-time lump-sum retirement benefit. This benefit is based on five per cent of your Temporary Earnings Loss (TEL) benefits beyond 24 months and total EEL benefits, plus interest. If you were a member of an employer sponsored pension plan (ESPP) at the time of your injury, the lump-sum payment is 10 per cent of your TEL benefits beyond 24 months and total EEL benefits, plus interest. Where appropriate, the retirement benefit may be paid to dependents of deceased workers.
Before you turn 65, we will send you an application if you are eligible for the Retirement Benefit based on our claim records. If an eligible worker passes away before age 65, we will contact their surviving dependent.
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NOTICE: Retroactive payments for workers who received a Retirement Benefit payment between January 1, 2019 – October 23, 2026
Workers, or dependents, who received a retirement benefit between January 1, 2019, and October 23, 2026, will receive a one-time retroactive payment if you received more than 24 months of TEL for the same claim. This is because the Provincial Government announced legislative changes on June 2, 2026, that changed the retirement benefit calculation to include more than 24 months of TEL, retroactive to January 1, 2019.
You do not need to apply for a one-time retroactive payment – we will determine your payment based on your claim records.
We will begin processing retroactive payments on October 23, 2026. Most payments are expected to be issued by the end of the year, with the remaining processed in early 2027.
How much you may be owed depends on your TEL earnings:
- 5 per cent of your TEL benefits beyond 24 months, plus interest
- 10 per cent of your TEL benefits beyond 24 months if you were a member of an employer sponsored pension plan (ESPP), plus interest.
If you are expecting a payment, please ensure your address and banking details in your MyWorkplaceNL account are up to date. You can confirm and update this information directly in your MyWorkplaceNL account.
If you have questions about how to update your information, please contact 1.800.563.9000.
Thank you for your patience as we updated our systems to calculate your retroactive payment.