Early retirement

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

Key points to consider for early retirement

For most members of BC's Public Service Pension Plan, the normal retirement age is 65 and the earliest retirement age is 55.

However, if you work in a designated public safety occupation, your normal retirement age is 60 and your earliest retirement age is 50. Different retirement rules apply to BC Ambulance Service employees in CUPE Local 873.

If you are thinking about retiring before your normal retirement age, you should keep the following in mind:

  • You will receive a reduced pension   if you do not meet the minimum age and service criteria for an unreduced pension  
  • For pensionable service before April 1, 2018, you will receive a bridge benefit  
  • You can buy a temporary annuity   to supplement your retirement income until you turn 65 or die, whichever happens first
  • Although your employee health care coverage will end when your employment ends, you can apply for extended health care and dental coverage through the Public Service Pension Plan when you apply for your pension