When you can retire

Learn how your age at retirement affects the value of your pension.


The age at which you apply for your pension will affect the amount of your lifetime monthly pension payment.

The normal retirement age for most members of BC's College Pension Plan is 65 and the earliest retirement age is 55. As required by the Income Tax Act, you must begin receiving your pension no later than December 1 of the year in which you turn 71, even if you are still working.

If you are retiring before your normal retirement age, your age at retirement and years of contributory service will determine if you are eligible for an unreduced pension.

Qualifying for an unreduced pension

Although you can apply for your pension as early as age 55, your pension, including the bridge benefit (if applicable), will be reduced if you do not meet certain criteria.

Your pension amount for service on and after January 1, 2016, will not be reduced at the date of your retirement if you are:

  • 55 or older with 35 or more years of contributory service  
  • 65 or older with any amount of service

Your pension amount for service before January 1, 2016, will not be reduced at the date of your retirement if you are:

  • 55 or older with 35 or more  years of contributory service
  • 60 or older with two or more years of contributory service
  • 65 or older with any amount of service

Related content for when you can retire

Learn about buying service

Applying for your pension