Guide for new members
Welcome to BC's Municipal Pension Plan. As a plan member, you are eligible for a lifetime monthly pension when you retire.
When can I retire?
For most employees participating in the plan, the normal retirement age for members is 65 and the earliest retirement age is 55.
For group 2 and 5 members (police officers and firefighters), the normal retirement age is 60 and the earliest retirement age is 50.
The age at which you retire will affect your pension.
Your pension may be reduced if you retire before your normal retirement age.
According to the Income Tax Act, you must begin to receive your pension no later than the end of the year in which you turn 71. This is the age you must begin to receive your pension, even if you are still working.
Register for the Approaching retirement workshopThis two-hour workshop can help you understand the important decisions you to make about your pension. Register now for an upcoming workshop in your area.