Pension Life - Winter 2024
News for retired members
Welcome to the winter issue of Pension Life online. Here you can access your pension news and plan updates anytime. Plus you’ll find online features, quick links to pension resources and more!
Tax slips available online
Your official tax slips (T4A or NR4) are now available through My Account. Sign in to My Account to view and print them today.
Questions about completing your tax return? Visit canada.ca or call Canada Revenue Agency at 1-800-959-8281.
New security is coming to My Account
We’re adding an extra layer of security online. We will soon be adding two-step verification to My Account. Once we do, each time you sign in to My Account, we’ll send a one-time verification code to your personal email address. You will need that code to access your My Account. This new measure will help keep your information private and secure. Please take a moment to sign in to My Account now and confirm that we have your correct email address.
Review your contact information
Make sure we can get you the pension information you need. Update your email, address and phone number in My Account.
An easier way to prove your income
Download an income verification letter in My Account. A financial institution, government office or other organization may request proof of income on applications for certain programs and services. The PDF letter shows your gross monthly pension payment.
Retirees’ association
Join the Association of British Columbia College Pension Plan Retirees, the group that advocates for your interests. Access discounted group insurance plans covering home, travel and trip interruption.
Sign up for automatic dues deduction, and your first year’s membership is free!
Join us for a photo shoot
Showcase your retirement lifestyle! Sign up to participate in a photo shoot with a professional photographer. Your photos may be used in College Pension Plan publications like Welcome to Retirement, the Annual Report and more. You’ll receive a digital photo from the shoot as a thank-you.
Your 2024 COLA is 4.4 per cent
Message from the trustees
You received a 4.4 per cent cost-of-living adjustment (COLA) effective January 1, 2024.
No debate: Alison Woods is dedicated to plan members
A fresh approach to member service
Meet Alison Woods, a devoted math instructor and one of the newest trustees of the College Pension Plan.
Understanding the cost of your prescription drug
Did you know that pharmacies are free to set their own markup and dispensing fees?
Extended health care survey coming soon!
It doesn’t matter whether you have extended health care (EHC) coverage through the plan, have different EHC coverage, or have no EHC coverage anywhere, we want your thoughts and opinions on EHC!
In February, we will email survey invitations to retired members living in Canada. The survey will allow you to share your thoughts on EHC and help us shape EHC for the future.
Register or log in to My Account on the plan website by February 1. Ensure your email address is current and then keep an eye on your email inbox for the survey invitation.
Tips and tools
Payments
Find out when to expect your next monthly payment.
Do more in My Account
View documents, payments and statements
Your annual pension statements, transaction statements, payment history and pension payment schedule are all available in My Account.
Go paper-free
Choose to receive email notifications when digital versions of your latest pension information are available online. Select your communication preferences when you register or sign in. Update your choice at any time under Account settings.
Message Centre
Get in touch using Message Centre, your secure personal pension inbox. Sign in to My Account and use the Message Centre links on your dashboard.
New: Now you can check on the status of your service request quickly and easily, anytime. Review the progress of any request in the last 365 days.
Pension Life is published twice a year. You may receive more than one copy of Pension Life if you receive a pension from more than one pension plan. Read your statement letter to determine which plan provides your group benefits. Any person entitled to a benefit, or their agent, has the right to examine plan documents, data and public information about the plan.