BMO U.S. Pension Plan
The Employees’ Retirement Plan of the Bank of Montreal/Harris (BMO U.S. Pension Plan) is a company provided benefit that pays retirement benefits to eligible employees.
For employees hired prior to April 1, 2016: On March 1, 2017, the BMO U.S. Pension Plan was frozen. Any benefits you earned through February 28, 2017, if vested, will still be payable when you are eligible to retire or leave BMO, with the same payment options the plan offered before the freeze.
For employees hired on or after April 1, 2016: The BMO U.S. Pension Plan Plan is closed to new hires.
Here’s a high-level overview of the BMO U.S. Pension Plan for employees hired prior to April 1, 2016. For details, review the BMO U.S. Pension Plan SPD.
Features | |
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Vesting | On completing three years (36 months) of service |
Who Contributes | BMO |
How Benefits Grow |
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When Benefits are Paid | At retirement or termination (reductions based on age and service may apply) |
Beneficiaries | Here’s how you can update your beneficiary online:
Inside BMO network:
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Pension planning tools
Check out Choosing the right retirement resource guide for an overview of the online BMO retirement and saving tools:
- To project a detailed pension calculation, compare payment options or initiate payment of your pension benefit at retirement, use the myRetirement & Savings website on Workday.
- To project your overall retirement savings, estimate expenses at retirement and see how long your savings can last, use the myRetirement Insight planning tool. For tips on accessing and using the planning tool review myRetirement Insight guide.

Pension planning tools
Check out Choosing the right retirement resource guide for an overview of the online BMO retirement and saving tools:
- To project a detailed pension calculation, compare payment options or initiate payment of your pension benefit at retirement, use the myRetirement & Savings website on Workday.
- To project your overall retirement savings, estimate expenses at retirement and see how long your savings can last, use the myRetirement Insight planning tool. For tips on accessing and using the planning tool review myRetirement Insight guide.

Need assistance?
Call the Human Resources Centre
1-888-927-7700
Monday through Friday, from 8 a.m. to 5 p.m. CT