NBA Retiree Benefit Program to Distribute New Payment in 2027
Eligible members retiring on or before Dec. 31 must apply to enrol by March 31, 2027 to receive up to $1,000
Retired BCNU members enrolled in the Nurses' Bargaining Association (NBA) Retiree Benefit Program (RBP) will receive a payment of $1,000 in 2027. The RBP committee responsible for administering the RBP fund has authorized the payment while it works towards using the RBP fund to implement a health care spending account program for eligible retirees.
The first lump sum payments of $1,000 per member will be made to existing RBP members in February 2027. Payments for eligible retired NBA members yet to enrol in the RBP are scheduled for April 2027.
LPN members who retired on or after April 1, 2024 may be eligible to enrol in the program.
Any NBA member retiring on or before Dec. 31, 2026 must apply to enrol by March 31, 2027 to be considered eligible for the payout. Members retiring on or after Jan. 1, 2027 are encouraged to enrol but are only eligible for future benefits.
The 2027 payment may affect some RBP members’ income-tested benefits, such as the Guaranteed Income Supplement (GIS) and Old Age Security (OAS). RBP members will be able to opt-out of the payment by Jan. 31, 2027 to help mitigate potential impact. There is no option to defer the payment. RBP members should use the direct deposit form at bcnu.org to update their banking information.
All working members are encouraged to share news of this one-time payment with retired co-workers, and to help ensure all eligible retired members are enrolled in the RBP to receive future benefits.
The RBP committee oversees administration of the RBP fund designed to provide eligible members with inflation protection and retirement benefits. Negotiated during 2006 NBA contract negotiations, the RBP is funded exclusively from the one (1) percent market adjustment of payroll collected from employers by the Health Employers Association of BC and subsequently transferred to BCNU on behalf of the NBA.
Visit bcnu.org to learn more about the RBP and access the application form and review frequently asked questions.
Retired members may confirm their RBP enrolment status by emailing RBP@bcnu.org.
Any member requiring more information can email RBP@bcnu.org.