Buying past service: A guide for Simon Fraser University employees

Learn about buying service if you were employed by Simon Fraser University (SFU) when it joined the College Pension Plan on July 1, 2021.

1. Eligibility for buying past service

3. Cost of buying past service

5. Estimate the increase to your pension

2. Deadlines for buying past service

4. Steps for buying past service

If you joined the College Pension Plan on July 1, 2021, you have 18 months (until December 31, 2022) to apply to buy past service. You will need to submit a Purchase of Service Application to SFU and we will send you a Statement of Cost which provides details on how to complete your purchase. If you are retiring or leaving your job, you must apply within 30 days after your retirement date or last day of work.

If you submit your Purchase of Service Application:

From July 1, 2021 to December 31, 2021, you will receive your Statement of Cost in spring 2022
From January 1, 2022 to December 31, 2022, you will receive your Statement of Cost in spring 2023

If you are currently on long-term disability or a leave of absence, you will join the plan once you return to work and start contributing to it. You will have 18 months from the date of joining the plan to apply to buy past service. If you are retiring or leaving your job, you must apply within 30 days after your retirement date or last day of work.