What types of service you can buy

Learn about the types of service you can buy to potentially increase your future pension.

Buying past service

If you worked for your employer before it joined BC's Public Service Pension Plan, you may be able to increase your future pension by buying past service. Past service is the period when you could not make pension contributions because your employer had not yet joined the plan.

Buying past service increases the service that counts toward your pension. This may increase the monthly pension you receive when you retire or allow you to retire earlier.

You cannot buy past service if you were eligible to join the plan but signed a waiver choosing not to join on or after April 1, 2000.

You also cannot buy past service if you contributed to another registered pension plan during that period of past service. If this applies to you, you can buy past service in the Public Service Pension Plan if you end your membership in the other plan and use the funds to buy past service. This does not apply to RRSP contributions.

The cost of buying past service cannot be estimated using the personalized purchase cost estimator in My Account. You need to send us a completed Purchase of service application form, and we will calculate the actuarial cost – you are responsible for paying both the employer and employee portions of the cost.

If you are eligible to buy past service, you must apply within five years of your contribution start date or before you leave your job with the employer with whom the service occurred.