Use the plan changes illustrator

Use this illustrator to see the estimated impact of the plan changes that are effective April 1, 2018 and October 1, 2019


The illustrator provides results based on the information you enter. Use your service and salary information in My Account (or enter numbers you choose) to see how the old and new plan rules may affect your lifetime pension.

Before you start

Sign in to My Account. Navigate to Reports > Service and salary summary page to locate the following information. 

Years of pensionable service for the following time periods:

  • before April 1, 2006
  • April 1, 2006 to March 31, 2018
 

Navigate to Reports > Benefit statements page and view your most recent statement to locate your highest average salary. 

 

Use the illustrator

  1. Open the illustrator and choose to either open or save the file
  2. Enter the following information:
    • years of pensionable service (total must be equal to or less than 35):
      • before April 1, 2006
      • April 1, 2006 to March 31, 2018
      • after March 31, 2018
    • your highest average salary
    • the age you wish to retire
  3. Press enter on your keyboard

Another way to find your service and salary information

  • Use the information found in your most recent Members' benefit statement (mailed to you in August or September 2017) and estimate your HAS using your most recent annual salary

Eligibility

In some situations, you cannot use the plan changes illustrator. If you work part time or are a public safety employee (including correctional employee and certain BC Ambulance Service paramedic in the Canadian Union of Public Employees Local 873), this illustrator does not apply to you. 

Required information
  • Years of pensionable service
  • Highest average salary
  • Age at retirement

Disclaimer

This illustrator shows the estimated impact of the plan changes that are effective April 1, 2018 and October 1, 2019, and provides a comparison to rules effective before April 1, 2018 . The pension amounts calculated are for illustrative purposes only and provide a snapshot of potential future benefits to show how plan changes may affect you. Many variables are used in calculating a pension and depend on each individual’s circumstances. This illustrative information should not be relied upon to make financial or retirement decisions. The Public Service Pension Plan Board of Trustees and BC Pension Corporation disclaim any liability for any use of this illustrator
BCPC Bot
 
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