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.