Revisit key moments in the history of your plan.
Modernizing the plan
Five years ago this month, the plan announced its first major design changes since its inception. Effective January 1, 2016, the changes simplified and modernized the plan to address shifts in life expectancy, retirement age and employment patterns.
Posted: February 5, 2019
Keeping pace with inflation
In 1975, the plan paid out its first “cost-of-living supplementary allowances” (now called cost-of-living adjustments, or COLAs ) to retirees. The inflation adjustment account was created in 1980; the first COLAs were paid from the account in 1982.
Posted: January 2, 2019
A shifting ratio: active to retired
In 1978, at one decade old, the ratio of active to retired plan members was 75 to 1. Since then, the ratio has dropped steadily. In 2017, there were 1.8 active plan members for each retired plan member.
Posted: December 4, 2018
The first retired member
In 1972, the first plan member retired and started collecting a pension. The annual amount was $529. One advantage of the plan is it’s a reliable source of income—the basic pension you receive in retirement will be paid for the rest of your lifetime.
Posted: November 13, 2018
Membership through the years
The number of active members topped 10,000 in 2004 and continued to increase until 2016. In 2017, the trend shifted: growth stopped and active membership declined slightly for the first time in the plan’s history.
Posted: October 15, 2018
Launching the plan
Fifty years ago, on September 1, 1968 the School District and Regional Colleges (Pensions) Act brought BC’s College Pension Plan into being with 302 members from six participating employers. Keep an eye on this space for more about your plan’s history.
Posted: September 4, 2018