October 2017

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LTD policy validation window Oct 1-31

It’s time—validate your long-term disability (LTD) policies by October 31

Use the LTD Policy Validation tool to validate your approved group disability policy. The validation window is open October 1–31.

Why it’s important

When you have an LTD policy approved for pension purposes, your employees who are plan members are credited with pensionable and contributory service. No contributions are required from you or your employees.

Though submitting an LTD policy for approval is optional, we encourage you to apply to have an LTD policy approved for pension purposes.

Read on for details.


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Payroll Reporting Refresher

Free webinar for a smooth year-end reporting season

Attend the free employer webinar Payroll Reporting Refresher to learn what you need to know to report your payroll. This two-hour online instructor-led course is delivered through GoToMeeting web conferencing. Register early – this workshop fills up quickly!

Workshop registration

Year-end reporting

  • Consult the Employer Instruction Manual
  • Contact Employer Operations
    • Message Board
    • 250 356-9701 (Victoria) or 1 855 356-9701 (rest of Canada)

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E-Remittance tip

Describe your E-Remittance transaction for easier reconciliation and save on late payments

When posting an E-Remittance, don’t forget to fill in the transaction description. This is an important piece of information.

How providing a transaction description benefits you

  • It simplifies your reconciliation process, as the description also appears on your remittance detail report
  • It reduces the risk of missing a remittance and being billed for a late payment
  • The transaction description allows us to accurately match your remittance to the expected remittance date in our system

Transaction descriptions

On the Create New Transaction screen, indicate the payroll frequency with the appropriate letter:

  • M = monthly
  • S = semi-monthly
  • B = bi-weekly
  • O = off cycle

For more information, contact Employer Operations – Finance.


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2016/2017 Corporate Annual Report

Read BC Pension Corporation’s 2016/17 Annual Report

The Pension Corporation’s 2016/17 Annual Report is now available, providing an update on our strategic plan, From 12 to 21: Our Way Forward, and operational accomplishments.

The annual report includes:

  • Updates about what we’ve achieved through the mid-point of our nine-year strategic plan, including new plan websites and online retirement
  • Evidence of our continued strong service delivery amid rising demands
  • Discussion and analysis
  • Audited financial statements

Read our report to learn more about the corporation, our strategic plan and how we continue to provide professional, high-quality service to plan members, employers and boards of trustees.

The annual report is available online in a printable PDF format.


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Employer Council this fall

Join us this November at the Employer Council

Would you like an opportunity to network with other pension plan employers and discuss common experiences, and hear more about what the Pension Corporation is working on? Then join us at the Employer Council this fall.

It’s a fun and informative group:

  • Guiding each other through the year-end reporting process
  • Sharing ideas and feedback
  • Discussing best practices
  • Networking

Join Employer Operations November 7, 2017, in Richmond.

How to become a member

For more information


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TPP Plan design

Ready for plan changes?

Changes to the Teachers’ Pension Plan are less than four months away, but you can start preparing now.

Check out the September Employer Bulletin Get ready for plan changes to learn more.

Please share this reminder with the appropriate contacts in your organization.


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