What types of service you can buy

Learn about the types of service you can buy to potentially increase your future pension.


Buying past service

If you worked for your employer before it joined BC's Municipal Pension Plan, you may be able to increase your future pension by buying past service. Past service is the period when you could not make pension contributions because your employer had not yet joined the plan.

Buying past service increases the service that counts toward your pension. This may increase the monthly pension payment amount you would receive when you retire.

You cannot buy past service if you were eligible to join the plan but signed a waiver choosing not to join, either on or after April 1, 2000. Here's an example:

  • Member started working for an employer not participating in the Municipal Pension Plan: August 15, 1998
  • Employer joined the plan: April 1, 2010
  • Member became eligible to enrol in the plan, but waived their enrolment: April 1, 2010
  • Member now chooses to join the plan: October 1, 2010
This member is not eligible to buy their past service from August 15, 1998 to March 31, 2010 (before the employer joined the plan) or non-contributory service   from April 1, 2010 to September 30, 2010 (after the employer joined the plan) because they chose not to enrol in the plan after April 1, 2000.
 

The cost to buy past service cannot be estimated using the personalized purchase cost estimator in My Account. You need to send us a completed Purchase of service application and we will calculate the cost.

If you are eligible to buy past service, you must apply within five years of your contribution start date or within 30 days of ending your employment with the plan.


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