Pension basics
Get to know your pension – whether you’re just starting your job or retirement is around the corner.
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.
Take an eLearning course
Are you new or thinking of joining the plan? Here's an introduction to the value and benefits of plan membership.
Attend a workshop
Maximize your pension by understanding how the decisions you make throughout your career can affect your pension when you retire.
How pension contributions work
You contribute to your pension through automatic payroll deductions. Your employer also contributes to your pension.
Your Member's Benefit Statement
Plan members receive a Member’s Benefit Statement once a year. This vital document summarizes your annual contributions to the plan, pensionable earnings and service, and an estimate of your future pension payments.
Get your Member’s Benefit Statement
You will be mailed a Member's Benefit Statement each year. You can also view this statement online in My Account.
Understand your retired member pension statement
As a retired member of the plan, you will receive a pension statement in January each year showing the most current information about your pension.
When will you get your pension statement?
As a retired member, you will receive a pension statement in January each year.
What are the year’s maximum pensionable earnings?
The year’s maximum pensionable earnings amount is set by the federal government. We use this amount to calculate your annual contributions to the plan.
What happens if you leave your job?
If you leave your job with an employer participating in the plan, you will need to make some decisions about your pension.
Making changes to your plan information
Find out when you need to contact us to update your personal information, name beneficiaries, buy service, plan for retirement and more.
What are the member groups?
The plan categorizes its members into five employee groups, based on occupation and gender.
Special agreements
You may be part of an employee group that has a special agreement with the plan. If so, contributions under the special agreement may be transferred to a locked-in retirement vehicle or used to increase your lifetime monthly pension.