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What every BCNU member should know about pensions

  • A pension, especially one that provides a defined benefit under either the Municipal or Public Service Pension Plan, can be one of your most valuable assets at retirement. The decisions you make now determine your financial health at retirement.
  • Read more in BCNU’s Pension Retirement Brochure. Learn more about pensions in this Glossary of Terms.
  • Here are some Frequently Asked Questions about the Municipal and Public Service Pension Plans

Municipal Pension Plan

Public Service Pension Plan

Canadian Blood Service Defined Benefit Pension Plan

For information on this plan contact your local Canadian Blood Service Human Resource Department or call the Canadian Blood Service National office at 613-739-2240.

Retiree benefits

  • The Municipal Pension Plan and the Public Service Pension Plan offer retirees the option of participating in group benefits for Extended Health and Dental Plans. The premium subsidy is determined annually by the Pension Board of Trustees. Click here for the Municipal Pension Plan and the Public Service Pension Plan
  • BCNU and other members of the Nurses' Bargaining Association have developed a fund to provide for inflation protection and benefits for retirees. The current program offers a subsidy for the Medical Services Plan premium to eligible retirees in the Municipal, Public Service and Canadian Blood Service Pension Plans more

Private Sector plans

BCNU members working for independent employers are covered by various pensions arrangements. BCNU is working to enable these members to receive good pension benefits as well.

Canada Pension Plan

For more info please visit Canada Pension Plan

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