Understand your member benefit statement

You will receive an annual statement showing useful information about your pension, including estimates of your future pension payments.

The annual Member’s benefit statement you receive as an active member will include:

Your personal information

This includes:

  • Your name
  • Your person ID
  • Your date of birth
  • Your spouse’s name
  • Your spouse’s date of birth
  • The date you began contributing to your pension
  • Your employment start date

Your beneficiary

This shows the beneficiary(ies) of your pension.

Your estimated monthly pension benefit

This shows up to four estimates of the lifetime monthly pension benefit you may receive if you continue to work as you have over the past year and retire on one of the dates shown.

It also shows up to two estimates of the amount you may receive if you had ended your employment last March 31 and retire on one of the dates shown.

Your pensionable earnings and service

This shows your pensionable earnings, which is the portion of your salary used to determine your contributions to the plan. It also shows your pensionable service, which is your actual working time as a member of the pension plan. You earn one month of pensionable service for each full month of full-time work that you complete.

Your contributory service is also shown. This is the number of months you and your employer made contributions to the plan. You earn one month of contributory service each month that you contribute to the plan. If you retire early, contributory service is used to determine whether your pension will be reduced, and by how much.

Your contributions

This shows the amount you have contributed to the plan:

  • Over the plan’s fiscal year
  • Since you began contributing to the plan

Your contributions do not reflect the value of your pension. The value of your lifetime pension is calculated using a formula based on your pensionable service, the average of your highest five years of salary and your age at retirement.


Related content for understand your member benefit statement

View an example of a Member's benefit statement