Annual Municipal Pension Plan Reminder
Members of the Municipal Pension Plan (MPP) who took any unpaid leaves of absence (LOA) during 2022 have until March 31 to buy back pensionable service. If they choose to do so before March 31, their employer is obligated to pay its share of contributions to the pension plan for the first 20 days (150 hours) of unpaid leave. After March 31, members will be required to pay the employer’s portion of their pension contribution.
Members of the MPP have up to five years to purchase service. Time when they were not contributing to their pension may also be purchased as long as it is within five years of the application date. This includes probation and time worked as a casual or a part-time employee when they were not a plan member, provided the employee did not sign a waiver opting out of the pension.
All MPP members considering purchase of service should be aware that all pension contributions are based on their current wage rate.
Details concerning purchase of service can be found on the MPP website at https://mpp.pensionsbc.ca.
For members of the Public Service Pension Plan (PSPP), please visit the plan website at https://pspp.pensionsbc.ca.
You can also contact:
Executive Councillor, Pensions and Seniors Health