Pensions
We administer the day-to-day operations of 11 pension plans for about 55,000 active and 30,000 retired members in Parts 1, 2, 3 and 4 of the provincial government along with a number of quasi-public organizations. Find information relating to your pension plan here.
2019 EMPLOYEE STATEMENTS OF PENSION BENEFITS DELAY
As a result of the ongoing activities associated with Vestcor’s implementation of a major technology upgrade to a new pension administration system earlier this year combined with the various impacts from the COVID-19 state of emergency on their operations, the NBPSPP Employee Statements of Pension Benefits for the statement period ending December 31, 2019 are currently delayed.
Vestcor continues to work with their partners to have statements completed and distributed as soon as possible. In addition, the Financial and Consumer Services Commission (FCNB) have granted an extension to the Pension Benefits Act requirement of providing written statements to plan members from the original due date of September 30, 2020 to December 31, 2020; it is anticipated that statements will be finalized well before the extension date.
In the interim, please note that you may continue to use your 2018 statement if you are interested in calculating pension estimates using the online pension estimate calculator. We apologize for any inconvenience caused by this delay and thank you for your patience. If you need immediate information or if you have any questions, please contact Vestcor’s Member Services Team at 1-800-561-4012 or by email at info@vestcor.org.
SPECIAL UPDATE FROM YOUR BOARD OF TRUSTEES IN WAKE OF COVID-19 OUTBREAK
Your Board of Trustees met for their regularly scheduled quarterly meeting on September 23, 2020. In respecting the advice of the Chief Medical Officer and Department of Health, we chose to practice social distancing by meeting through online video link.
We met with Vestcor, the NBPSPP’s investment manager and administration services provider, and carefully reviewed how the investment program of the Plan has been performing in the face of the significant volatility that has been experienced in the global financial markets due to the COVID-19 pandemic. We are pleased to inform you that the NBPSPP remains resilient, and that our diversified investments have reduced the market volatility experienced.
Furthermore, we are happy to announce that we have once again been able to provide a full cost of living adjustment of 1.46% to all members.
Our service providers are closely monitoring the Province’s Business Recovery Guidelines and Public Health measures to ensure that our investment, administration, and actuarial operations continue to be seamlessly provided.
We will continue to perform our due diligence with regards to this situation, and we look forward to providing a more detailed update in our Fall Newsletter.
Latest InformationThe Board of Trustees is in place to manage the Plan in the best interest of both active and retired members. It follows industry best practices in terms of governance and administration of the Plan. The NBPSPP and the New Brunswick Teachers’ Pension Plan (NBTPP) jointly own Vestcor Corp.
NBPSPP Board BiographiesThe following documents guide the Board of Trustees in the governance of the NBPSPP.
NBPSPP Agreement and Declaration of Trust NBPSPP Statement of Investment Policies NBPSPP Plan Text NBPSPP Summary of the Funding Policy NBPSPP Funding Policy NBPSPP (Formerly PSSRP) Memorandum of UnderstandingEvery year, the Board of Trustees hosts an Annual General Meeting, open to all members. Find below details of the most recent AGM.
NBPSPP 2020 Annual Information Meeting NBPSPP 2019 Annual Information Meeting NBPSPP 2018 Annual General Meeting NBPSPP 2017 Annual General Meeting Video RecordingView the Plan’s most recent annual report, actuarial valuations, financial statements, and performance composites for the NBPSPP.
Actuarial ValuationStay informed about your pension plan through the semi-annual newsletters provided by the Board of Trustees of the NBPSPP, in addition to the general communiqués provided by the Board and Vestcor.
Sign up to receive your newsletter and other general communications electronically. GeneralPLEASE NOTE we are currently experiencing an influx in the volume of applications received. Our turnaround time to process pension related applications is longer than usual and we are not in a position to make exceptions or “rush” applications. We thank you for your patience as we work to process your application as quickly as possible.
Whether you need to provide a form for your pension or employee benefits, quickly find the form you need.
GeneralMember booklets and guides contain important information relating to your pension plan.
Understanding Your Employee Statement Of Pension Benefits (NBPSPP) NBPSPP Pension Plan Member Booklet Marriage Breakdown Booklet NBPSPP New Pre-Retirement Death Benefit Rules Fact Sheet Naming a Beneficiary | Death Benefits Fact Sheet (NBPSPP) NBPSPP Additional Purchase of Service Information (February 2018) NBPSPP At-A-GlanceAbove you will find a video version of the Employee Presentation which is usually carried out in person by Vestcor’s Member Services Team. It is separated into the following topics:
- Governance of the NBPSPP
- NBPSPP Pension Contributions
- Vesting Under the NBPSPP
- Benefits Accumulated Under the NBPSPP
- CPP Integration and Your NBPSPP Pension
- What Can Impact Your NBPSPP Pension Amount?
- Keeping Track of Your NBPSPP Pension Benefit
- Forms of Pension Under the NBPSPP
- Schedule of NBPSPP Pension Payments
- NBPSPP Benefits Payable Upon Termination or Death
- Designating a Beneficiary Under the NBPSPP
- Other Provisions That May Impact Your NBPSPP Pension
- Thinking About Retiring as an NBPSPP Member
If there is a specific topic that you are interested in, hit play on the video above, then skip ahead using the controls that appear in the bottom left corner. You can also click on any of the topics listed.
Watch the full playlist on YouTubeWonder how your pension could be affected by times of transition in your life? Easily find the information you need in our Life Events section. Navigate through it based on what stage of your life you are in. It’s divided into the following sections:
- Welcome to the Plan
- Returning from a Leave of Absence
- Ending a Spousal Relationship
- Leaving your Employment
- Planning for Retirement
- Welcome to Retirement
- Death of a Member
Click on the link below to experience it for yourself.
Life Events and Your PensionUPDATE FROM YOUR NBTPP BOARD OF TRUSTEES REGARDING YOUR PLAN & THE COVID-19 OUTBREAK
As your Board of Trustees, we have been meeting with the Plan’s service providers to carefully review how the investment program of the Plan has been performing in the face of the significant volatility that has been experienced in the global financial markets due to the COVID-19 pandemic. We are pleased to confirm that the NBTPP remains in a strong financial position, with ample liquidity available to make pension payments over a very long time period as the global economy and financial markets continue their recovery. This is due in part to the fact that the investments of your NBTPP are very well diversified and less risky than a traditional pension plan, reducing the effects of market volatility on the Plan.
Additionally, our service providers are closely monitoring the Province’s Business Recovery Guidelines and Public Health measures to ensure that our investment, administration, and actuarial operations continue to be seamlessly provided.
We will continue to perform our due diligence with regards to this situation, and we look forward to providing a more detailed update in our Fall Newsletter.
Latest InformationThe Board of Trustees is in place to manage the Plan in the best interest of both active and retired members. It follows industry best practices in terms of governance and administration of the Plan. The NBTPP and the New Brunswick Public Service Pension Plan (NBPSPP) jointly own Vestcor Corp.
NBTPP Board BiographiesMember booklets and guides contain important information relating to your pension plan.
NBTPP Member Booklet Supply Teachers/Local Permit Holders – Eligibility and Participation Criteria (NBTPP) Marriage Breakdown Booklet Guide – Disability Pension for Teachers NBTPP At-a-Glance Understanding your Employee Statement of Pension Benefits (NBTPP)Stay informed about your pension plan through the semi-annual newsletters provided by the Board of Trustees of the NBTPP, in addition to the general communiqués provided by the Board and Vestcor.
Sign up to receive your newsletter and other general communications electronically. GeneralPLEASE NOTE we are currently experiencing an influx in the volume of applications received. Our turnaround time to process pension related applications is longer than usual and we are not in a position to make exceptions or “rush” applications. We thank you for your patience as we work to process your application as quickly as possible.
Quickly find the form you need.
GeneralWonder how your pension could be affected by times of transition in your life? Easily find the information you need in our Life Events section. Navigate through it based on what stage of your life you are in. It’s divided into the following sections:
- Welcome to the Plan
- Returning from a Leave of Absence
- Ending a Spousal Relationship
- Leaving your Employment
- Planning for Retirement
- Welcome to Retirement
- Death of a Member
Click on the link below to experience it for yourself.
Life Events and Your Pension2019 EMPLOYEE STATEMENTS OF PENSION BENEFITS DELAY
As a result of the ongoing activities associated with the implementation of Vestcor’s new pension administration system earlier this year combined with the various impacts from the COVID-19 state of emergency on their operations, the Shared Risk Plan for Certain Bargaining Employees of NB Hospitals Employee Statements of Pension Benefits for the statement period ending December 31, 2019 are currently delayed.
Vestcor continues to work with their partners to have statements completed and distributed as soon as possible. In addition, the Financial and Consumer Services Commission (FCNB) have granted an extension to the Pension Benefits Act requirement of providing written statements to plan members from the original due date of September 30, 2020 to December 31, 2020; it is fully anticipated that statements will be finalized before the extension date.
In the interim, please note that you may continue to use your 2018 statement if you are interested in calculating pension estimates using the online pension estimate calculator. We apologize for any inconvenience caused by this delay and thank you for your patience. If you need immediate information or if you have any questions, please contact Vestcor’s Member Services Team at 1-800-561-4012 or by email at info@vestcor.org.
SPECIAL UPDATE FROM YOUR BOARD OF TRUSTEES IN WAKE OF COVID-19 OUTBREAK
Your Board of Trustees met for their regularly scheduled quarterly meeting on September 18, 2020. In respecting the advice of the Chief Medical Officer and Department of Health, we chose to practice social distancing by meeting through online video link.
We met with Vestcor, the CBE SRP’s investment manager and administration services provider, and carefully reviewed how the investment program of the Plan has been performing in the face of the significant volatility that has been experienced in the global financial markets due to the COVID-19 pandemic. We are pleased to inform you that the CBE SRP remains resilient, and that our diversified investments have reduced the market volatility experienced.
Additionally, our service providers are closely monitoring the Province’s Business Recovery Guidelines and Public Health measures to ensure that our investment, administration, and actuarial operations continue to be seamlessly provided.
We will continue to perform our due diligence with regards to this situation, and we look forward to providing a more detailed update in our Fall Newsletter.
Plan GovernanceThe Board of Trustees is in place to manage the Plan in the best interest of both active and retired members. It follows industry best practices in terms of governance and administration of the Plan.
Board Activities 2019 | CBE SRP Board Activities 2018 | CBE SRP Board Activities 2017 | CBE SRP CBE SRP Board BiographiesThe following documents guide the Board of Trustees in the governance of the CBE SRP.
CBE SRP Statement of Investment Policies CBE SRP Memorandum of Understanding CBE SRP Plan Text CBE SRP Amendment to Memorandum of Understanding and Approval of Changes to Funding Policy CBE SRP Agreement and Declaration of Trust CBE SRP Summary of the Funding Policy CBE SRP Funding PolicyView the Plan’s most recent annual report and financial statements.
CBE SRP Financial Statement as of December 31, 2018 CBE SRP Financial Statement as of December 31, 2017 CBE SRP Financial Statement as of December 31, 2016 CBE SRP Financial Statement as of December 31, 2015 CBE SRP Financial Statement as of December 31, 2014 CBE SRP Financial Statement as of December 31, 2013 CBE SRP Financial Statement as of December 31, 2012 CBE Financial Statement as of December 31, 2011 CBE Financial Statement as of December 31, 2010 CBE Financial Statement as of December 31, 2009 CBE Financial Statement as of December 31, 2008Member booklets and guides contain important information relating to your pension plan.
Marriage Breakdown Booklet CBE SRP Pre-retirement death benefits Understanding your Employee Statement of Benefits (CBE SRP) CBE SRP Phased-In Retirement Booklet CBE SRP At-A-Glance CBE SRP Employee Booklet CBE SRP Purchase of Service: Additional InformationStay informed about your pension plan through the semi-annual newsletters provided by the Board of Trustees of the CBE SRP, in addition to the general communiqués provided by the Board and Vestcor.
Sign up to receive your newsletter and other general communications electronically. GeneralPLEASE NOTE we are currently experiencing an influx in the volume of applications received. Our turnaround time to process pension related applications is longer than usual and we are not in a position to make exceptions or “rush” applications. We thank you for your patience as we work to process your application as quickly as possible.
Quickly find the form you need.
GeneralView the interactive version of your Fall 2020 Newsletter in the window above (the option to view it full screen should be visible in the bottom right of the window), or alternately, view the PDF version by clicking the button below.
CBE SRP Newsletter Fall 2020 (PDF version) Understanding your Employee Statement of Benefits (CBE SRP)Wonder how your pension could be affected by times of transition in your life? Easily find the information you need in our Life Events section. Navigate through it based on what stage of your life you are in. It’s divided into the following sections:
- Welcome to the Plan
- Returning from a Leave of Absence
- Ending a Spousal Relationship
- Leaving your Employment
- Planning for Retirement
- Welcome to Retirement
- Death of a Member
Click on the link below to experience it for yourself.
Life Events and Your PensionPLEASE NOTE we are currently experiencing an influx in the volume of applications received. Our turnaround time to process pension related applications is longer than usual. We thank you for your patience as we work to process your application as quickly as possible.
As an MLA with service in an MLA Pension Plan, you’ll find important details regarding your pension plan below. Please note that as of September 2014, MLAs began participating in the NB Public Service Pension Plan.
Members' Pension Act Members' Superannuation ActPLEASE NOTE we are currently experiencing an influx in the volume of applications received. Our turnaround time to process pension related applications is longer than usual. We thank you for your patience as we work to process your application as quickly as possible.
As an active member of the CUPE Hospitals SRP, you’ll find valuable information and resources regarding your pension plan in this section. The CUPE Hospitals SRP is made up of approximately 10,100 active, inactive and retired members from a variety of employers across the province
Plan GovernanceThe Board of Trustees is in place to manage the Plan in the best interest of both active and retired members. It follows industry best practices in terms of governance and administration of the Plan.
Board Members of the Shared Risk Plan for Canadian Union of Public Employees (CUPE) of NB HospitalsThe following documents guide the Board of Trustees in the governance of the CUPE Hospitals SRP.
Memorandum of Understanding (CUPE Hospitals SRP) Agreement and Declaration of Trust (CUPE Hospitals SRP) Statement of Investment Policy and Goals (CUPE Hospitals SRP) Summary of the Funding Policy (CUPE Hospitals SRP) Funding Policy (CUPE Hospitals SRP) Plan Text (CUPE Hospitals SRP)View the Plan’s most recent annual report and financial statements.
CUPE-H Financial Statements as of December 31, 2018 CUPE-H Financial Statements as of December 31, 2017 CUPE-H Financial Statements as of December 31, 2016 CUPE-H Financial Statements as of December 31, 2015 CUPE-H Financial Statements as of December 31, 2014 CUPE-H Financial Statements as of December 31, 2013 CUPE-H Financial Statements as of December 31, 2012 CUPE-H Financial Statements as of December 31, 2011 CUPE-H Financial Statements as of December 31, 2010Member booklets and guides contain important information relating to your pension plan.
CUPE-H At-A-Glance (May 2017) Marriage Breakdown Booklet Pre-Retirement Death Benefits (CUPE Hospitals SRP) Understanding your Employee Statement of Benefits (CUPE-H SRP) Purchase of Service : Additional Information (CUPE-H SRP) CUPE-H Pension Plan Member BookletStay informed about your pension plan through the semi-annual newsletters provided by the Board of Trustees of the CUPE Hospitals SRP in addition to the general communication provided by the Board and Vestcor.
Sign up to receive your newsletter and other general communications electronically. GeneralPLEASE NOTE we are currently experiencing an influx in the volume of applications received. Our turnaround time to process pension related applications is longer than usual and we are not in a position to make exceptions or “rush” applications. We thank you for your patience as we work to process your application as quickly as possible.
Quickly find the form you need.
GeneralView the interactive version of your Fall 2020 Newsletter in the window above (the option to view it full screen should be visible in the bottom right of the window), or alternately, view the PDF version by clicking the button below.
CUPE-H Newsletter Fall 2020 (PDF version) Leaving your employment before retirement (CUPE-H) Understanding your Employee Statement of Benefits (CUPE-H SRP)Wonder how your pension could be affected by times of transition in your life? Easily find the information you need in our Life Events section. Navigate through it based on what stage of your life you are in. It’s divided into the following sections:
- Welcome to the Plan
- Returning from a Leave of Absence
- Ending a Spousal Relationship
- Leaving your Employment
- Planning for Retirement
- Welcome to Retirement
- Death of a Member
Click on the link below to experience it for yourself.
Life Events and Your Pension2019 EMPLOYEE STATEMENTS OF PENSION BENEFITS DELAY
As a result of the ongoing activities associated with the implementation of Vestcor’s new pension administration system earlier this year combined with the various impacts from the COVID-19 state of emergency on their operations, the Pension Plan for Full-Time CUPE 2745 Employees of NB School Districts (S&C) Employee Statements of Pension Benefits for the statement period ending December 31, 2019 are currently delayed.
Vestcor continues to work with their partners to have statements completed and distributed as soon as possible; it is anticipated that statements will be finalized before the end of the year.
In the interim, please note that you may continue to use your 2018 statement if you are interested in calculating pension estimates using the online pension estimate calculator. We apologize for any inconvenience caused by this delay and thank you for your patience. If you need immediate information or if you have any questions, please contact Vestcor’s Member Services Team at 1-800-561-4012 or by email at info@vestcor.org.
PLEASE NOTE we are currently experiencing an influx in the volume of applications received. Our turnaround time to process pension related applications is longer than usual. We thank you for your patience as we work to process your application as quickly as possible.
As an active member of the Pension Plan for Full-Time CUPE 2745 Employees of NB School Districts (S&C), you’ll find valuable information and resources regarding your pension plan in this section.
This Pension Plan is made up of approximately 1,030 active, inactive and retired members from a variety of employers across the province.
Member booklets and guides contain important information relating to your pension plan.
Increase Your Pension (Transfer from PT&S to CUPE 2745) Marriage Breakdown Booklet Understanding your employee statement of pension benefits (CUPE 2745) CUPE 2745 At-A-Glance CUPE 2745 (S&C) Pension Plan Member BookletMeet your pension committee, and learn more about the governing documents that guide the committee and pension plan.
CUPE 2745 Pension Plan Committee Members CUPE 2745 (S&C) Pension Plan TextPLEASE NOTE we are currently experiencing an influx in the volume of applications received. Our turnaround time to process pension related applications is longer than usual and we are not in a position to make exceptions or “rush” applications. We thank you for your patience as we work to process your application as quickly as possible.
Quickly find the form you need.
Marriage Breakdown Booklet Change of Information/Beneficiary (CUPE 2745 | CUPE 1253) Purchase Service Form (CUPE 2745 and CUPE 1253(GLT&S)) Application for Membership to CUPE 2745 (S&C) Pension Plan Marriage Breakdown Form (Division of Pension Assets for Contributors Involved in Marriage Breakdown) Pension Estimate Form Reciprocal Transfer Agreement Guide Reciprocal Transfer Agreement – CUPE 2745 | PT&S Termination | Retirement Form Statutory Declaration of Common Law Partner Survivor Benefits (Spouse or Common-Law Partner) Survivor Benefits (Named Beneficiary or Estate)View the interactive version of your 2020 newsletter in the window above (the option to view it full screen should be visible in the bottom right of the window), or alternately, view the PDF version by clicking the button below.
CUPE 2745 Newsletter – 2020 (PDF version) Understanding your employee statement of pension benefits (CUPE 2745) CUPE 2745 At-A-GlanceWonder how your pension could be affected by times of transition in your life? Easily find the information you need in our Life Events section. Navigate through it based on what stage of your life you are in. It’s divided into the following sections:
- Welcome to the Plan
- Returning from a Leave of Absence
- Ending a Spousal Relationship
- Leaving your Employment
- Planning for Retirement
- Welcome to Retirement
- Death of a Member
Click on the link below to experience it for yourself.
Life Events and Your Pension2019 EMPLOYEE STATEMENTS OF PENSION BENEFITS DELAY
As a result of the ongoing activities associated with the implementation of Vestcor’s new pension administration system earlier this year combined with the various impacts from the COVID-19 state of emergency on their operations, the Pension Plan for GLT&S (Custodians, Bus Drivers and Maintenance Workers) of NB School Districts Employee Statements of Pension Benefits for the statement period ending December 31, 2019 are currently delayed.
Vestcor continues to work with their partners to have statements completed and distributed as soon as possible; it is anticipated that statements will be finalized before the end of the year.
In the interim, please note that you may continue to use your 2018 statement if you are interested in calculating pension estimates using the online pension estimate calculator. We apologize for any inconvenience caused by this delay and thank you for your patience. If you need immediate information or if you have any questions, please contact Vestcor’s Member Services Team at 1-800-561-4012 or by email at info@vestcor.org.
PLEASE NOTE we are currently experiencing an influx in the volume of applications received. Our turnaround time to process pension related applications is longer than usual. We thank you for your patience as we work to process your application as quickly as possible.
As an active member of the Pension Plan for GLT&S, also known as the Pension Plan for Custodians, Bus Drivers and Maintenance Workers of NB School Districts, you’ll find valuable information and resources regarding your pension plan in this section.
The Plan is made up of 2,100 active, inactive and retired members from a variety of employers across the province.
Newsletters BookletsMember booklets and guides contain important information relating to your pension plan.
Increase Your Pension (Transfer from PT&S to CUPE 1253 (GLT&S)) Marriage Breakdown Booklet CUPE 1253 (GLT&S) Pension Plan At-A-Glance Understanding Your Employee Statement of Pension Benefits CUPE 1253 (GLT&S) CUPE 1253 (GLT&S) Pension Plan Member BookletMeet your pension committee, and learn more about the governing documents that guide the committee and pension plan.
CUPE 1253 (GLT&S) Pension Plan Committee Members CUPE 1253 (GLT&S) Pension Plan TextPLEASE NOTE we are currently experiencing an influx in the volume of applications received. Our turnaround time to process pension related applications is longer than usual and we are not in a position to make exceptions or “rush” applications. We thank you for your patience as we work to process your application as quickly as possible.
Quickly find the form you need.
Declaration of Marital Status Form GeneralView the interactive version of your 2020 newsletter in the window above (the option to view it full screen should be visible in the bottom right of the window), or alternately, view the PDF version by clicking the button below.
CUPE 1253 (GLT&S) Newsletter – 2020 (PDF version) CUPE 1253 (GLT&S) Pension Plan At-A-Glance Understanding Your Employee Statement of Pension Benefits CUPE 1253 (GLT&S)Wonder how your pension could be affected by times of transition in your life? Easily find the information you need in our Life Events section. Navigate through it based on what stage of your life you are in. It’s divided into the following sections:
- Welcome to the Plan
- Returning from a Leave of Absence
- Ending a Spousal Relationship
- Leaving your Employment
- Planning for Retirement
- Welcome to Retirement
- Death of a Member
Click on the link below to experience it for yourself.
Life Events and Your Pension