Understand your member benefit statement

You will receive an annual statement showing useful information about your pension, including estimates of your future pension payments.

The annual Member’s Benefit Statement shows:

Your personal information
This includes:

  • Your name
  • Your Person ID number
  • Your date of birth
  • Your spouse’s name
  • Your spouse’s date of birth
  • The date you began contributing to your pension

Your beneficiary
This shows the beneficiary(ies) you have named for a pension benefit if you die before you retire.

Your estimated monthly pension benefit
This shows up to four estimates of the lifetime monthly pension you may receive if you retire on one of the dates shown. These estimates assume that you continue to earn the same salary and service that you did in the past year.

This section also shows up to two estimates of the lifetime monthly pension you may receive if you stopped working last December 31, left your money in the plan and retire on one of the dates shown.

Your pensionable earnings and service
This shows your pensionable earnings, which is the portion of your salary used to determine your contributions to the plan. It also shows your pensionable service, which is your actual working time as a plan member. You earn one month of pensionable service for each full month of full-time work that you complete. Check to make sure your full service is recorded and, if you have questions, talk to your employer.

Your contributory service is also shown. This is the number of months you and your employer contributed to the plan. You earn one month of contributory service for each month you contribute.

Your contributions
This shows the amount you have contributed:

  • Over the plan’s fiscal year
  • Since you began contributing to the plan

Your contributions do not reflect the value of your pension. The value of your lifetime monthly pension is based on:

  • Your pensionable service
  • The average of your highest five years of salary
  • Your age at retirement

Your statement will also show your special agreement contributions, if applicable.


Related content for understand your member benefit statement

Beneficiaries and your pension

What are the member groups?

Buying service for arrears

Related document for your member benefit statement

View an example of a Member's Benefit Statement