August 2022

August checklist Monthly Checklist

Print this handy checklist for submission deadlines and reminders.


Legend
Plan information Plan information Legislative information you need to provide to employees Legislative information you
need to provide to employees
Employee information you need to report to us Employee information you
need to report to us
Remitting contributions Remitting contributions

Plan information

Actuarial valuation is underway

No contribution rate increase expected

The December 31, 2021, actuarial valuation of the Municipal Pension Plan is underway. Early indicators show there is a high probability that no contribution rate increase will be required as a result of this valuation.

The valuation will be completed later this year. Learn more from:

  • An email sent June 30
  • A board announcement on the plan website by early October
  • The online annual general meeting, October 13
  • Your contribution rate letter in October, which will show your multi-year rate for 2023 through 2025

Plan information

Save the date!

Save the date for the Municipal Pension Plan AGM

The Municipal Pension Plan annual general meeting (AGM) is scheduled for October 13, 2022. The AGM is an opportunity for employers and employees to learn important information about the pension plan.

This year's online meeting will include 2021 financial highlights, the results of the latest valuation, and discussion of plan updates and changes. Other topics on the 2022 AGM agenda include:

  • Investment update
  • Message from the Municipal Retiree Benefit Trust
  • Plan news and what's ahead
  • Q&A with trustees

Set aside time in your calendar for October 13, 2022, 10 a.m. to noon, and encourage your employees to do the same. If you missed the 2021 AGM, you can watch a video recording of it on YouTube. Remember, you can also get up-to-the-minute news and updates from @MyBCMPP on Twitter.

We hope to see you at the AGM!


Plan information

New website launch

We've set the date for website launch!

The updated employer website and portal are almost ready, and we’ve set the launch date. You will start using the new sites on Tuesday, October 11!

In preparation for the launch, we’re preparing a series of resources and learning opportunities. Watch for more information in the September and October newsletters. Demonstration webinars will also be available for registration in August.

Our employer operations team will be here to help you every step of the way as we all transition to the new platform. We’re sure that you’re going to love the new look, feel and functionality as much as we do. We can’t wait to show you what we’ve been working on. See you soon!

For questions, contact employer.outreach@pensionsbc.ca.


Plan information

Protect your employees' pension data

Web Services user access housekeeping

Please help protect your employees' pension data online. Keep your Web Services user accounts up to date to maintain security. Add and remove staff, as needed. It's easy and takes only minutes.

Follow the Web Services user access confirmation instructions.


Plan information

Register for the webinar

Spaces available in Value of the Plan webinar

If you're involved with employee recruitment, you'll want to take the new Value of the Plan webinar. Register on the secure employer website for an August or September webinar.

Take this webinar to gain a better understanding of:

  • How the plan is valuable for you and your employees
  • How you can use the plan to help with recruitment and retention
  • The benefits of My Account for your employees

Plan information

Plans benefit the Canadian economy

Public sector helps the economy

New research from the Canadian Public Pension Leadership Council shows that public sector pension plans benefit the Canadian economy. For example, every $10.00 of a public sector pension paid to an employee who is a retired member or beneficiary results in $15.77 of economic activity in BC. This supports 110,600 jobs and over 7,000 businesses in BC.

Learn how BC's public sector pension plans make a difference.


Plan information

Employer survey

Your voice matters—take the employer survey

If you have signed in to the secure employer website over the last year, you may be randomly chosen to participate in the next employer survey. It takes only 10 minutes to complete, and your feedback lets us know what you think about the products and services we provide to you as a plan employer. Survey invitations will be sent in September. Your feedback, including comments and suggestions, is anonymous and cannot be traced back to you.

We send out this survey four times a year: in March, June, September and December. Find out what your peers have shared in the past survey.