Guide for new members

Welcome to BC's Public Service Pension Plan. As a plan member, you are eligible for a lifetime monthly pension when you retire.

How is my pension calculated?

We calculate your pension using a formula based on:

  • Your years of pensionable service (to a maximum of 35 years)
  • The average of your five highest years of salary (not necessarily the last five years)

The actual monthly pension payment you receive will depend on other factors that include:

  • Your age when you retire
  • The pension option you choose

Depending on your age when you retire, you will be eligible for either a reduced or unreduced pension.

Your pension may be reduced if you decide to retire early and do not meet the criteria for an unreduced pension.