How pension contributions work

You contribute to your pension through automatic payroll deductions. Your employer also contributes to your pension. 

How much does my employer contribute?

Every time you contribute to your pension, your employer contributes too. The amount your employer contributes depends on your membership type. There are two types of active members: regular members and members who have a public safety designation. In the Public Service Pension Plan, members who have a public safety designation are:

• Regular part-time and full-time ambulance paramedics in CUPE Local 873
• Correctional officers, probation officers and youth probation officers who are employed in a correctional centre with BC Corrections.

Note: Regular members may also work in BC Corrections.

Your employer's contribution includes a portion (2.75 per cent of your salary) paid to an inflation adjustment account to fund annual inflation adjustments that may be added to monthly pension benefits. Inflation adjustments are not guaranteed, but once granted, they become part of your basic pension benefit.

Retirement group benefits (which include subsidies for extended health care premiums) are partially funded from a portion of employer contributions that would otherwise go to the inflation adjustment account.