Buying past service: A guide for Simon Fraser University employees
Learn about buying service if you were employed by Simon Fraser University (SFU) when it joined the College Pension Plan on July 1, 2021.
If you were employed by SFU when it joined the College Pension Plan on July 1, 2021, you may be able to increase your future pension by buying past service. “Past service” refers to the period of time you were a member of the SFU Academic Pension Plan prior to July 1, 2021, and contributions were made into that plan on your behalf.
Buying past service increases the service that counts toward your pension. This may increase the monthly pension amount you receive when you retire, or it may allow you to apply for an unreduced pension earlier. We encourage you to speak to a certified financial advisor to see if buying your past service is the best choice for you.