Enrolling in the pension plan
Learn how enrolment rules apply to you.
Enrolment in BC’s College Pension Plan is mandatory for senior administrative staff and employees who provide educational services (including continuing education instructors and librarians).Upon hiring, all employees are enrolled in the plan. If you are a part-time employee or casual staff member and expect to earn less than 50 per cent of the year’s maximum pensionable earnings (YMPE), you may opt out of the plan. To do this, you must sign a waiver. If you sign the waiver, you can choose to enrol in the plan at a later date. If your earnings reach 50 per cent of YMPE, you will automatically be enrolled in the plan by your employer.
Once you start contributing to the plan, you cannot opt out of enrolment later on.
As a plan member, you and your employer will both contribute to your pension each pay period until you stop working for your employer or until November 30 of the year in which you turn 71.