Pension Life

Summer 2026 | Your go-to source for pension news, plan updates and resources to support you in retirement


Woman playing board game with grand-daughter

Did you know...

Let’s celebrate your retirement journey

We’re looking for volunteers to take part in upcoming photoshoots and be featured in pension communications. We’ll bring a professional photographer to you, capturing moments that celebrate the people behind our pension plan.

As a thank you, you’ll receive free digital copies to share with family and friends. You may also be invited to share your retirement story—helping inspire and connect others in our community.

To participate, email memberphotos@pensionsbc.ca.

Retired Public Service plan members

John Howard & Kate Daniels-Howard, retired Public Service Pension Plan members

 

It’s time for a security checkup

Keeping your online account safe takes less time than you might think.

Follow these three simple steps to keep your account safe:

  • Username: Avoid using your real name or your birth year. It should be hard for a stranger to guess.
  • Password: Use a longer passphrase instead of a single word. Mix in some uppercase letters, numbers and symbols to make it unique.
  • Contact information: We use two-step verification to keep you safe. Keep your email address up to date so you can receive the secure sign-in code.

Read Get cyber safe for more helpful tips to protect yourself online.


Looking for past issues?

Visit our archive


Celebrating resilience: 90 years of PSPP

A message from your trustees

Learn how the Public Service Pension Plan (PSPP) has grown over time—and how it continues to support your pension in the future.

Read more

Key highlights from the 2025 Annual Report

Here’s a snapshot of how the Public Service Pension Plan performed last year, both financially and in membership. Strong funding and long-term investment results help support the security of the pensions paid to members.

These highlights are from the 2025 Annual Report (as at March 31, 2025).

Read the full 2025 Annual Report.

Financial highlights

Membership highlights

Net assets $48.8 billion
New active members 5,294
Funded ratio1 113%2
New retired members 2,243
Annual investment return 9.9%
5-year annualized return: 9.1%
10-year annualized return: 7.7%
Total membership 163,789
Active: 79,532
Inactive: 57,519
Retired: 26,738
Pensions paid to members $1.49 billion
Average age at retirement3 62
Average pension in pay $26,607
Average years of service3 19

 

1
The funded ratio reflects a pension fund’s current financial position, expressing the ratio between available assets and liabilities. In other words, it shows if the pension fund holds enough reserves to pay out pension benefits to current and future members.
2
As at the March 31, 2023, valuation.
3
Averages are for new lifetime pensions for the year ended March 31, 2025.
GreenShield logo

Customer complaints resolution process

When to contact GreenShield and when to contact the board

Have questions or concerns about your extended health plan? Learn who to contact for the right support and information to make health-care decisions.

Read more

British Columbia Government Retired Employees’ Association logo

Join a community of retired public service employees

Join the British Columbia Government Retired Employees’ Association (BCGREA) to connect with other retired members and their spouses about pension issues, meet former co-workers, make new friends and have a voice about your pension.

BCGREA represents the interests of retired Public Service Pension Plan members.

Member discounts are available for out-of-province medical coverage, house insurance and life insurance, hearing aids, eyeglasses and travel packages.

Annual dues are only $25 (primary member) or $40 (member and spouse/partner) and are deducted from your February pension payment. New members pay no dues for the calendar year in which the application form is received.

To learn more or download an application, contact BCGREA:

Tips and tools


Payments

Find out when to expect your next monthly payment.

View 2026 payment dates


Make the most of My Account

Manage your pension faster, anytime—without the wait!

My Account lets you securely manage your pension in one place—update your contact information, manage your banking details, view your payment history, and review your beneficiaries whenever it’s convenient for you.

Use Message Centre—your secure, personal pension inbox—to get answers or check the status of your requests, without needing to call.

Sign in or register to manage your pension—on your time.


New to retirement?

Learn how your pension supports you in retirement, what health coverage you may have and where to find helpful resources.

Visit Welcome to retirement


Pension Life is published twice a year. You may receive more than one copy of Pension Life if you receive a pension from more than one pension plan. Read your statement letter to determine which plan provides your group benefits. Any person entitled to a benefit, or their agent, has the right to examine plan documents, data and public information about the plan.