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Retiree Benefit Program

​​​​​​​​​​​​​​​​​​​​​Your union has negotiated a Retiree Benefit Program to provide for inflation protection and benefits for retirees. Currently the program pays back 50% of Medical Services Plan (MSP) premiums to eligible retirees in the Municipal, Public Service and Canadian Blood Service Pension Plans.

The program is fully funded by allocating 1% of payroll for nurses covered by the Nurses' Bargaining Association contract. Members agreed to the allocation under the 2006-2010 contract, instead of taking a 1% wage increase scheduled in 2008.

Only members retiring from a Nurses' Bargaining Association position who were paying into the fund qualify for the benefit. A Retiree Benefit Program Committee oversees the fund. Benefits are not guaranteed and are subject to availability of f​unds.

Eventually we hope to negotiate all BCNU members into this program.

Resources


Ap​​plication Form

  • ​​Application form​​​​ Please print it, fill it out, and mail it in to the BCNU office​

If you would like to request a paper copy of the application be sent to you, including a complete set of instructions, the eligibility rules, you can contact us by:

  • PHONE: 604 433-2268, or toll free 1-800-663-9991 or
  • EMAIL: retireebenefit@bcnu.org. Be sure to include your full name and mailing address.

To be able to benefit from the program, your application must be received by the BCNU office before the below cut-off dates. The deadlines are firm. You will not receive a payment if the application is received after the cut-off date.

​​​Payout Dates​​Plan Member to be Paid​​Application Cut-off DateDeadline for Submitting Proof of MSP Payments
​June 02, 2017

​All members in: Municipal Pension Plan, Canadian Blood Services Plan and Public Service Pension Plan 

​May 01, 2017​May 04, 2017 for
all members from: Canadian Blood Services Plan and Public Service Pension Plan 
​December 01, 2017

​All members in: Municipal Pension Plan, Canadian Blood Services Plan and Public Service Pension Plan 

​Oct 30, 2017​​​Nov 02, 2017 for
all members from: Canadian Blood Services Plan and Public Service Pension Plan 

Note:
  • ​Benefit applies only if eligible.
  • Payout dates are subject to change.

​More Inform​ation

Banking information
You are encouraged to have payments directly deposited into your bank account. Please complete and sign the Direct Deposit Authorization form with formal bank stamp OR attach a VOID che​que and send it with your application form.

Taxation information
The payment for reimbursement of MSP premiums is taxable and will be reported on a T4A.

Need more information?
If you have questions, leave a message with BCNU at 604-433-2268 or 1-800-663-9991, ask for the Retiree Benefit Administrator or email retireebenefit@bcnu.org​. The voice mail box and email address are regularly monitored.

Updated: 1/18/2017 4:58 PM

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