How we calculate your pension
We calculate your pension based on your years of pensionable service and the average of your five highest years of salary.
How we calculate your pension for correctional officers
Correctional officers, probation officers and youth probation officers qualify for public safety designation and have different pension provisions and early retirement ages than regular members. All other members working in BC Corrections are designated as regular members.
If you are a correctional officer, probation officer or youth probation officer, your pension includes your lifetime pension and bridge benefit:
- Your lifetime pension will be calculated using your highest average salary (HAS), the year’s maximum pensionable earnings (YMPE) and your years of pensionable service (YPS)
- The bridge benefit will be added to your lifetime pension and will be payable from your date of retirement until age 65 or death, whichever comes first
| When you earned your service | Type of benefit | Formula |
|---|---|---|
| Before April 1, 2006 | Lifetime pension | (1.35% x HAS up to YMPE + 2% x HAS over YMPE) x YPS |
| Bridge | 0.65% x HAS up to YMPE x YPS | |
| April 1, 2006 to March 31, 2018* | Lifetime pension | (1.65% x HAS up to YMPE + 2% x HAS over YMPE) x YPS |
| Bridge | 0.35% x HAS up to YMPE x YPS | |
| April 1, 2018 to March 31, 2022 | Lifetime pension | (1.35% x HAS up to YMPE + 2% x HAS over YMPE) x YPS |
| Bridge | 0.65% x HAS up to YMPE x YPS | |
| On or after April 1, 2022 | Lifetime pension | (1.60% x HAS up to YMPE + 2% x HAS over YMPE) x YPS |
| Bridge | 0.65% x HAS up to YMPE x YPS |
* Effective October 1, 2019