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 funds.
Eventually we hope to negotiate all BCNU members into this program.
Resources
Application 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 Date | Deadline for Submitting Proof of MSP Payments |
| June 01, 2018 | All members from: Municipal Pension Members, Canadian Blood Services Members and Public Service Pension Plan Members
| April 30, 2018
| May 03, 2018 for
all members from: Canadian Blood Services Members and Public Service Pension Plan Members
|
December 07, 2018
| All members from: Municipal Pension Members, Canadian Blood Services Members and Public Service Pension Plan Members | Oct 31, 2018
| Nov 08, 2018
All members from: Canadian Blood Services Members and Public Service Pension Plan Members
|
Note:- Benefit applies only if eligible.
- Payout dates are subject to change.
More Information
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 cheque 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.