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.
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 Act Cost of Living AdjustmentsCost of living increases under the MLA pension plans are conditional and based on the cost of living increase granted under the New Brunswick Public Service Pension Plan (NBPSPP).
How these increases are calculated by the Plan’s actuary is explained in the resources below.
Explaining the Cost of Living Increase – January 1, 2023 (NBPSPP)
Cost of Living Adjustment Announcement
Members of the NBPSPP to receive 5.24% Cost of Living Adjustment as of January 1, 2023. Refer to the Cost of Living Adjustment section below for more details.
Fall 2022 Newsletter
View the interactive version of your Fall 2022 Newsletter in the window below (the option to view full screen should be visible at the bottom right of the window), or view the PDF version by visiting the “Latest Information” tab below.
Plan Governance
The 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 Information Meeting (AIM), open to all members. Find below details of the most recent AIM.
NBPSPP 2022 Annual Information Meeting NBPSPP 2021 Annual Information Meeting NBPSPP 2020 Annual Information Meeting NBPSPP 2019 Annual Information Meeting NBPSPP 2018 Annual General Meeting NBPSPP 2017 Annual General Meeting Video Recording NBPSPP 2016 Annual General Meeting (Presentation) NBPSPP 2016 Annual General Meeting (Recording)View the Plan’s most recent annual report, actuarial valuations, financial statements, and performance composites for the NBPSPP.
Actuarial ValuationsStay 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. GeneralWhether you need to provide a form for your pension or employee benefits, quickly find the form you need.
GeneralApplying for your pension is easy, but it’s important that you understand the process and timeline. The video below provides an overview of the necessary steps.
Additional information is also available here: Life Events: Planning for your retirement.
Planning for Retirement Checklist Pension Estimate Form Termination | Retirement Form Declaration of Marital Status FormMember 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) Purchase of Service : Additional Information (NBPSPP) NBPSPP At-A-GlanceHow cost of living adjustments are calculated by your Plan’s actuary is explained in the resources below.
NBPSPP News Release: NBPSPP Announces 5.24% Cost of Living Adjustment (September 2022) Explaining the Cost of Living Increase – January 1, 2023 (NBPSPP) Explaining the Cost of Living Increase – January 1, 2022 (NBPSPP) Explaining the Cost of Living Increase – January 1, 2021 (NBPSPP) Explaining the Cost of Living Increase – January 1, 2020 (NBPSPP) Explaining the Cost of Living Increase – January 1, 2019 (NBPSPP)Above 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 Pension
As an active member of the NBTPP, you’ll find valuable information and resources regarding your pension plan here.
The NBTPP is made up of approximately 19,800 active, inactive and retired members.
The NBTPP, along with the NBPSPP, are joint owners of Vestcor Corp.
FALL 2022 NEWSLETTER
View the interactive version of your Fall 2022 Newsletter in the window below (the option to view full screen should be visible at the bottom right of the window), or view the PDF version by visiting the “Latest Information” tab below.
The 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.
Understanding the Employee Contribution Interest Rate Understanding your Employee Statement of Pension Benefits (NBTPP) NBTPP Member Booklet Supply Teachers/Local Permit Holders – Eligibility and Participation Criteria (NBTPP) Marriage Breakdown Booklet Guide – Disability Pension for Teachers NBTPP At-a-GlanceStay 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. GeneralEvery year, the Board of Trustees hosts an Annual General Meeting, open to all members.
The most recent Annual Information Meeting was held on October 12, 2022.
Click on the links below for additional information.
NBTPP 2022 Annual Information Meeting NBTPP 2021 Annual Information MeetingQuickly find the form you need.
GeneralApplying for your pension is easy, but it’s important that you understand the process and timeline. The video below provides an overview of the necessary steps.
Additional information is also available here: Life Events: Planning for your retirement.
Planning for Retirement Checklist Pension Estimate Form Termination | Retirement FormHow your Indexing Adjustment Benefit is calculated by your Plan’s actuary is explained in these resources.
Explaining the Cost of Living/IAB Increase – January 1, 2023 (NBTPP) Explaining the Cost of Living/IAB Increase – January 1, 2022 (NBTPP) Explaining the Cost of Living/IAB Increase – January 1, 2021 (NBTPP) Explaining the Cost of Living/IAB Increase – January 1, 2020 (NBTPP) Explaining the Cost of Living Increase – January 1, 2019 (NBTPP)Above 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 NBTPP
- NBTPP Pension Contributions
- Vesting Under the NBTPP
- Benefits Accumulated Under the NBTPP
- CPP Integration and Your NBTPP Pension
- What Can Impact Your NBTPP Pension Amount?
- Keeping Track of Your NBTPP Pension Benefit
- Forms of Pension Under the NBTPP
- Schedule of NBTPP Pension Payments
- NBTPP Benefits Payable Upon Termination or Death
- Other Provisions That May Impact Your NBTPP Pension
- Thinking About Retiring as an NBTPP 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 PensionAs 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 TextQuickly find the form you need.
GeneralApplying for your pension is easy, but it’s important that you understand the process and timeline. The video below provides an overview of the necessary steps.
Additional information is also available here: Life Events: Planning for your retirement.
Planning for Retirement Checklist Pension Estimate Form Termination | Retirement Form Declaration of Marital Status FormView the interactive version of your 2022 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 – 2022 (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 PensionAs 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 TextQuickly find the form you need.
GeneralApplying for your pension is easy, but it’s important that you understand the process and timeline. The video below provides an overview of the necessary steps.
Additional information is also available here: Life Events: Planning for your retirement.
Planning for Retirement Checklist Pension Estimate Form Termination | Retirement Form Declaration of Marital Status FormView the interactive version of your 2022 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 – 2022 (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
COST OF LIVING ADJUSTMENT FOR JANUARY 1, 2023 ANNOUNCED
The Board of Trustees of the CBE SRP has awarded a full cost of living adjustment of 5.56% to all Plan Members for January 1, 2023. Learn more about how COLA was calculated in your Fall 2022 Newsletter and in the Cost of Living Adjustment section below.
FALL 2022 NEWSLETTER
View the interactive version of your Fall 2022 Newsletter in the window below (the option to view full screen should be visible at the bottom right of the window), or view the PDF version by visiting the “Latest Information” tab below.
Plan Governance
The 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 2021 | CBE SRP Board Activities 2020 | CBE SRP 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 financial reports.
CBE SRP Financial Statement as of December 31, 2020 CBE SRP Financial Statement as of December 31, 2019 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 Purchase of Service : Additional Information (CBE SRP)Stay 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. GeneralQuickly find the form you need.
GeneralApplying for your pension is easy, but it’s important that you understand the process and timeline. The video below provides an overview of the necessary steps.
Additional information is also available here: Life Events: Planning for your retirement.
Planning for Retirement Checklist Pension Estimate Form Termination | Retirement Form Declaration of Marital Status FormHow cost of living adjustments are calculated by your Plan’s actuary is explained in the resources below.
Explaining the Cost of Living Increase – January 1, 2023 (CBE SRP) Explaining the Cost of Living Increase – January 1, 2022 (CBE SRP)| Welcome to your Plan! | 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 PensionImproving your financial know-how can equip you to more confidently make important financial decisions.
By knowing what day-to-day and long-term financial decisions are best for you, you can reduce your stress and better support your overall well-being. Click on the button below to access a series of resources to help you no matter your current knowledge level.
Money Matters: Your Financial Know-How
COST OF LIVING ADJUSTMENT FOR JANUARY 1, 2023 ANNOUNCED
The Board of Trustees of the CUPE Hospitals SRP was in a position to award a 2.74% COLA for January 1, 2023, with the unawarded portion of COLA to be paid in future years if the financial health of the Plan allows. Learn more about how COLA was calculated and read a special message from your Board, available in the Cost of Living Adjustments section below.
FALL 2022 NEWSLETTER
View the interactive version of your Fall 2022 Newsletter in the window below (the option to view full screen should be visible at the bottom right of the window), or view the PDF version by visiting the “Latest Information” tab below.
CUPE Hospitals SRP Funding Policy Step Increases
Please note that the Funding Policy Step 2-5 Increases associated with the Actuarial Valuation as at December 31, 2020 are currently being processed and letters identifying the increase to impacted members are anticipated to be sent this summer. Step 3/4 confirmation letters will be sent to impacted retirees individually as their pension recalculations are processed. For more information related to the Funding Policy Step Increases, please refer to the plan’s Spring 2022 Newsletter under the “Latest Information” section below.
For CUPE Hospitals SRP Retirees: Additional information for those who have or will receive retroactive salary increase due to recent ratification of collective agreements
If you are expecting a retroactive salary increase for a period when you were an active employee, you must contact your former employer to initiate the process. Your employer must withhold pension contributions in order for the additional salary to impact your pension benefit amount. After Vestcor receives the retroactive contributions, your pension benefit will be recalculated, and you will receive a retroactive lump sum payment for additional benefit payable since your retirement. Please note that with the large volume of retroactive salary increases being processed at this time, your pension recalculation could take several months to complete.
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 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.
Actuarial ValuationsMember booklets and guides contain important information relating to your pension plan.
CUPE-H At-A-Glance 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. GeneralQuickly find the form you need.
GeneralApplying for your pension is easy, but it’s important that you understand the process and timeline. The video below provides an overview of the necessary steps.
Additional information is also available here: Life Events: Planning for your retirement.
Planning for Retirement Checklist Pension Estimate Form Termination | Retirement Form Declaration of Marital Status FormHow cost of living adjustments are calculated by your Plan’s actuary is explained.
Explaining the Cost of Living Increase – January 1, 2023 (CUPE Hospitals SRP) Calculating the Cost of Living Adjustment (Video)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