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 were employed by SFU on July 1, 2021, you are eligible to purchase your past service for the time you were a member of the SFU Academic Pension Plan prior to July 1, 2021, and contributions were made into that plan on your behalf. If you decide to purchase your service, you will have to end your membership with the SFU Academic Pension Plan. You are not allowed to contribute to more than one pension plan for the same period of employment.

If you are a senior administrator who waived enrolment in the College Pension Plan, you will not be eligible to buy past service in the future, even if you join the plan later.

If you are an SFU employee who is on long-term disability or a leave of absence on July 1, 2021, you can buy your past service when you return to work and start contributing to the plan.