Planning for retirement

Thinking about retiring? Learn more about your retirement options so you can make decisions with confidence.

Introduction to retirement

Learn about the factors affecting the amount of your lifetime monthly pension from the plan.

Thinking about retirement

Your pension provides important retirement income, but there are other sources of income as well, including RRSPs and government benefit programs.

When you can retire

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

Early retirement

Retiring before the normal retirement age will affect your pension. Here are the key points to consider.

How we calculate your pension

We calculate your pension based on your years of service and the average of your five highest years of salary.

Get a pension estimate

Use the personalized pension estimator to find out what your monthly pension payment might be, based on your salary and years of service.

Pre-retirement checklist

Stay on track as you plan for retirement.

Choose your pension option

This important decision will determine the amount of your lifetime monthly pension payments and the amount your spouse or beneficiaries may receive when you die.

Change your pension option

You have 60 days after your pension is granted to change your pension option.

Deadlines for buying service

If you’re planning to buy service to increase your pension benefit when you retire, make sure you meet our deadlines.

Find answers to your retirement questions

Contact WorkSafeBC Total Rewards if you have questions about retirement planning.


Approaching retirement

Planning for retirement is a big deal. Take the 45-minute online course.

Start learning