Guide for new members

Welcome to BC's College Pension Plan. As a plan member, you are eligible for a lifetime monthly pension when you retire.


How is my pension calculated?

We calculate your pension using a formula based on:

  • Your years of pensionable service
  • The average of your five highest years of salary (not necessarily the last five years)

The actual monthly pension payment you receive will depend on other factors that include:

  • Your age when you retire
  • The pension option you choose
Depending on your age and years of contributory service when you retire, you will be eligible for either a reduced or unreduced pension   .
 

Your pension may be reduced if you decide to retire early and do not meet the criteria for an unreduced pension.


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