Milestones

Revisit some key moments in the plan's history.


 

The start

Eighty years ago, on April 1, 1939, BC’s Municipal Superannuation Act brought BC's Municipal Pension Plan into being. The act transferred management of superannuation allowances for government and municipal employees and teachers from the Civil Service Commission to the Superannuation Commission.

In the first decade

In its first 10 years, the plan’s assets grew to $11.9 million and 4,707 employees made contributions of $474,499.19, while 134 employees began receiving allowances.

The 1950s

In 1951, police and firefighters with the City of Vancouver and police with the City of Victoria entered into special agreements with their employers to make additional contributions. In 1959, nurses became eligible to join the plan as part of their collective agreement between the Health Employers Association of BC and the Nurses’ Bargaining Association.

Check back in the coming months for more milestones in Municipal Pension Plan's history.

 

Check back in the coming months for more milestones in Municipal Pension Plan's history.