Understand your member benefit statement
Your Member Benefit Statement is a vital tool for retirement planning. Learn more with this guide.
Part-time or full-time ambulance paramedics
Regular part-time and full-time ambulance paramedics work for BC Emergency Health Services and are members of CUPE Local 873. Ambulance paramedics are designated as public safety members.
Your annual Member benefit statement shows your information in several sections.
Your personal information
- Your name
- Your Person ID number
- Your date of birth
- The date you began contributing to your pension
- If you have a spouse, your spouse’s name and date of birth
You can review your personal information by signing in to My Account.
This shows the beneficiaries you have named for a pension benefit if you die before you retire. If you have a spouse, your spouse is automatically your beneficiary unless they sign a waiver.
You can update your beneficiary by signing in to My Account.
How to read the pension estimates in your statement
There are three things to know about the pension estimates in your statement:
- The service and salary information is based on everything you have earned or accrued in the last fiscal year, up to March 31
- The service projected into the future presumes you will continue to work in your current job, at your current pay, uninterrupted, until you retire
- The earliest unreduced pension age you see listed is when you are eligible for an unreduced pension on all your service. This means if you have both public safety service and regular service in your work history, the regular service has a later early retirement age and that is the age you will see in your statement.
This section also shows estimates of your lifetime monthly pension if you stopped working last March 31 for a plan employer, left your contributions in the plan and retired on one of the dates listed.
Your estimated lifetime monthly pension is specific to the length, type and dates of your service. For more information on how the early retirement reductions apply to the different types of service for ambulance paramedics, visit Ambulance paramedics (under Plan changes).
Learn more about early retirement
Read the early retirement guide for ambulance paramedics in Planning for retirement to learn more.
Your pensionable earnings and service
This section shows:
- Your pensionable earnings—the portion of your salary used to determine your contributions to the plan
- Your pensionable service—your actual working time as a plan member over the plan’s fiscal year and since you began contributing to the plan (you earn one month of pensionable service for each full month of full-time work you complete)
- Your contributory service—the number of months you and your employer contributed to the plan (you earn one month of contributory service for each month you contribute)
This shows the amount you have contributed, plus interest earned on contributions:
- Over the plan’s fiscal year to March 31
- Since you began contributing to the plan
Your contributions do not reflect the value of your pension. The value of your lifetime monthly pension is based on:
- Your pensionable service
- The average of your five highest years of salary (not necessarily the last five years)
Go to My Account to view your historical service and salary information (under the Statements tab). This will show your reported service by the employer, as well as any finalized purchases and reciprocal transfers.