Make a decision on buying service
Explore the factors involved when buying service and what you should consider. Buying service can potentially increase your future pension.
Example of buying service
Consider a full-time member with a salary of $74,000. For this member, making up for a year’s gap in service would cost about $13,400. For some leaves (e.g., maternity, parental/adoption and compassionate care), WorkSafeBC will cover about half of that cost.
Paying for that $13,400 leave could increase this member’s pension in retirement by about $1,500 each year.
A typical retired member collects a pension for about 27 years, so paying for that leave today could mean much as $40,500 more throughout the years of retirement.