Pension Life - Summer 2020

News for retired members

Welcome to the summer issue of Pension Life online. Here you can access your pension news and plan updates anytime. Plus you’ll find new online features, quick links to all your pension resources and more!

Watch the website for updates, and don’t forget to register for My Account so you can access all your information in one place.

Ready to go paper-free?

We’re preparing to launch paper-free statements. Want to receive your pension information online when we’re ready to go? It’s simple. Sign in to My Account, confirm your contact information and select "yes" to go paper-free. Not registered yet? Sign up in five quick steps.

Visit My Account

Pacific Blue Cross

Your Blue RX drug plan works to ensure you have the right drug, at the right dose, at the right time. Here’s new, comprehensive information about the plan including what it is, how it works, and what you can do to maximize your coverage.

Stay connected

Retirees’ association

Municipal Pension Retirees’ Association (MPRA) represents retirees of the Municipal Pension Plan.

Join for the opportunity to talk to other retirees and their spouses about pension issues, meet former co-workers, make new friends and have a voice about your MPP pension.

Learn more

Annual general meeting

Learn the latest about the plan's finances, the results of the group benefits review and what's coming in the year ahead.

Join us October 15 from 10:00 am to 12:00 pm. We look forward to connecting with you. Watch for more information on the home page.

Help us improve

Our user experience team regularly conducts research and testing with members on services and digital products. Want to join our group of go-to folks?

Get in touch

Going strong - image

Going strong

80 years of sustainability

Read how the plan continues to be secure, even through unexpected events such as the COVID-19 pandemic. Also, news about temporary premium reductions for extended health care and dental coverage, and thanks to members who participated in our group benefits survey.

Read more

Image: seniors and young members discussing changes

Plan partners propose changes

Plan partners of the Municipal Pension Plan are proposing changes to the pension plan. These changes will not impact your pension. The proposed changes include:

  • Establishing a new health benefit trust
  • Continuing to support the inflation adjustment account to fund cost-of-living adjustments
  • Enhancing the long-term sustainability of the plan for all members

You can learn more about these proposed changes and others at the plan partners’ website: www.mppredesign.ca/retired.

What’s happening with the group benefits review? - image

What’s happening with the group benefits review?

The board’s review of the post-retirement group benefits (PRGB) program is nearing completion. This review is comprehensive and includes a professional health benefit consultation to gather data about how the program is performing. We have analyzed claims data and other plan analytics, reviewed the benefits delivery and group administration of Pacific Blue Cross, benchmarked the program against other plans and reviewed the dental program.

Read more

Update your pension account for electronic funds transfer

Pension payments from July 2020 onward will only be sent electronically.

If you live in Canada, sign up for direct deposit in My Account.

If you live in the United States, complete and send us the U.S. direct deposit authorization form.

If you live outside Canada or the United States, register for electronic fund transfer. Visit the Apply for direct deposit to an overseas account page.

Update your banking information

Tips and tools


COVID-19

Frequently asked questions
Chances are, someone else has the same questions as you. We’ve collected answers to the questions members are asking.

Keeping you updated
Your board of trustees wants to provide you continued reassurance about your pension plan.


Payments

Your payment dates
Find out when to expect your next monthly pension payment.

How to manage your banking information
Learn how to easily update your banking information and sign up for direct deposit, wherever you live.


Learning

Keeping your plan funding in check
Learn how valuations help keep your pension secure in this new learning article.