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.


  Print

External link for guide for new members

Canada Pension Plan