Pension Life - 2020

Less paper, all the news

Welcome to your Pension Life…online! We’ve adapted the Pension Life newsletter and added it to your plan website. Here you can access your pension news and plan updates anytime. Plus you’ll find new online features such as tax-time tips, quick links to all your pension resources and more!

In January 2021, pension news will only be available online, but we’ll continue to mail paper copies of all important plan updates, such as plan amendments and inflation adjustments.

Watch the website for updates, and don’t forget to register for My Account so you can access all your information in one place.

Pacific Blue Cross

Find tips for saving time and money on your prescriptions, and a spotlight on blood pressure medications.

Stay connected with your benefits at pac.bluecross.ca.

MSP premiums eliminated

BC Pension Corporation no longer administers Medical Services Plan (MSP) group coverage. Health Insurance BC (HIBC) automatically put you and any dependants on a self-administered MSP account. You will continue to have MSP coverage.

For coverage information visit Health Insurance BC

2019 Annual Report

As your Pension Committee, we are committed to ensuring your plan remains healthy and strong; you can feel confident in your retirement.

Read the report

Your 2020 cost-of-living adjustment

Your 2020 cost-of-living adjustment is 1.9 percent

Every three years, your plan has a financial health check by an independent actuary. The most recent actuarial valuation (completed March 31, 2017) shows your plan remains healthy and strong, with a surplus of $350 million—a funded ratio of 129 per cent. This demonstrates your plan is secure.

Read more

Life happens

Life happens

Have you recently moved outside BC, added a new source of income or changed your marital status? Do you need to choose an alternate beneficiary? Keeping your pension up to date in retirement is important. Find out when you need to contact us.

Read more

Tips and tools


Taxes

Six tips for tackling your tax return
How does your pension affect your tax return? Find out how to avoid headaches this tax season.

Your tax questions answered
It’s that time again! Find out how to reduce your taxes through income splitting or additional deductions.


Payments

Your payment dates
Find out when to expect your next monthly pension payment.

Cost of living adjustments
Learn how your pension can help you keep pace with the cost of living.


Life events

Ending a relationship
How will a separation or divorce affect your pension?

Changing your beneficiary
Find out if you’re eligible to change your beneficiary after retirement – and how to do it.