What happens if you leave your job?

If you leave your job with an employer participating in the plan, you will need to make some decisions about your pension.


When you leave your job, your pension options depend on your age and years of service in BC's Public Service Pension Plan.

You may be able to:

  • Defer your pension and apply at a later date
  • Transfer the commuted value   of your pension to a locked-in retirement vehicle
  • Apply for a monthly pension if you’ve reached your earliest retirement age
  • Transfer your service to another public sector pension plan (if your new employer's pension plan has a transfer agreement with the Public Service Pension Plan)

We'll send you either a Termination selection statement or Pension estimate form showing your options.

 

Page last updated: April 27, 2018


The plan recently announced changes that may affect your decision on what to do with your pension. If you withdraw your pension benefit before October 1, 2019, and your pensionable service is between April 1, 2006 and March 31, 2018, inclusive, you will not benefit from the improvement. For more information, see the Board Communique: March 16, 2018.

IMPORTANT plan changes:

Board Communique: March 16, 2018