Guide for new members
Learn more about your WorkSafeBC Pension Plan, which provides you with a monthly lifetime pension when you retire.
What is a reduced pension?
You will receive a reduced pension if you do not meet certain age and contributory service requirements. Your pension may be reduced if you retire before age 60 and you do not meet minimum age plus contributory service requirements.
You will receive a reduced pension if, at the date of your retirement, you are either:
- Over 55 but under 60, and your age plus contributory service total less than 90
- Over 60 but under 65, with fewer than two years of contributory service
If you have at least 10 years of contributory service and are at least age 50 when your employment ends at WorkSafeBC, your pension will be reduced by three per cent for each year that either:
- The sum of your age plus years of contributory service is less than 90
- You are under age 60
In all other cases, your pension will be reduced by five per cent.
If you end your employment at WorkSafeBC with fewer than two years of contributory service, your pension will be reduced by five per cent per year for every year you are under age 65.
Pension reductions are pro-rated by month for partial years of contributory service.