Retirement

Last updated: March 7, 2022

Begin planning your retirement from the BC Public Service at least 3 months before your last day at work.

We’re here to help you as you plan, prepare and ready yourself for retirement.


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Retirement schedule

 
  Public Service Pension Plan AskMyHR
6 months before retirement 
  • Attend the Public Service Pension Plan seminar: Approaching retirement
  • Contact BC Pensions and request your Pension Information package containing your pension and post retirement options, or log in to MyAccount
  • Do not submit your pension package sooner than 90 days before your pension start date
No steps to take at this point.
3 months before retirement 
  • Apply for your pension by:
    • Signing in to My Account to apply online, or
    • Calling the BC Pension Corporation, 1-800-665-3554, Monday to Friday, 8 am to 4:30 pm
  • Complete a new Group Life Beneficiary Designation (PDF, 174KB) if maintaining group life coverage and forward the original copy to the address listed on the top of the form
  • Contact AskMyHR (IDIR restricted) to start your retirement process
    • Submit a service request using the categories Myself (or) My Team/Organization > Leaving The Public Service > Retirement
  • Discuss leave balances amounts and options with AskMyHR
  • Discuss retirement allowance eligibility and options with AskMyHR
  • Let AskMyHR know if you're completing a Canada Revenue Agency (CRA) T1213 form (request to reduce tax deduction at source), so your leave banks are not paid out prior to payroll receiving confirmation from CRA
  • Complete a T1213 form and send it to Canada Revenue Agency if you want to reduce tax deductions at source for your leave balances pay-outs
  • AskMyHR will request confirmation of your Retirement Allowance eligibility and prepare your Paid Absence Prior to Retirement (PAPR) form and send it to you
  • Notify your supervisor of your upcoming retirement. A resignation letter is not required
2 months before retirement  No steps to take at this point.
  • Attach your signed PAPR and if applicable, the Retiring Allowance RRSP Contribution form and/or Retiring Allowance RRSP Eligible Transfer form to an AskMyHR (IDIR restricted) service request a minimum of 4 weeks before your last physical day of work
    • Use the categories Myself (or) My Team/Organization > Leaving The Public Service > Retirement
  • Submit a copy of the letter you receive from Canada Revenue Agency regarding T1213 a minimum of 4 weeks before your last physical day of work, through an AskMyHR (IDIR restricted) service request
    • Use the categories Myself (or) My Team/Organization > Leaving The Public Service > Retirement
Retirement
  • Your pension starts the first day of the month following your last day on pay
  • You'll receive your pension cheque at the end of each month
  • Any leave balances are paid within 2 pay periods of your last day on pay
  • If you choose the cash payout option for your Retirement Allowance and Pre-1978, 50 percent Sick Bank payout, a cheque will be mailed to your home address in the month following your last day on pay
  • Keep your address current. If you move, or your address on file is incorrect, contact AskMyHR as soon as possible, toll free: 1-877-277-0772

When can I retire?

The normal retirement age for all Public Service Pension Plan members is 65, and the earliest retirement age is 55.

Certain designated occupations, like correctional facility employees, have different retirement rules based on age. 

Under the Income Tax Act, an employee aged 71 must start receiving their pension no later than December 1 of the same year they turn 71. They may continue working without interruption; however, Paid absence prior to retirement and Retirement allowance are applicable only when they ultimately retire from the BC Public Service.

For more information, attend the Public Service Pension Plan seminar: Approaching Retirement.


Non-financial retirement counselling

The BC Public Service offers support for retirement planning through its Employee and Family Assistance Services (EFAS) provider.

Employees can work one-on-one by telephone with a retirement planning professional.

This service will explore retirement related issues, including steps in successful transition from work to retirement and the various changes, challenges and rewards of this life transition.

They can assist you to create a personal plan based on identified retirement priorities.

For access, call the EFAS provider at 1-800-655-5004.


Flexible work arrangements and retirement

The BC Public Service supports flexible work options whenever the arrangement benefits both the employee and the employer.

Learn about flexible work arrangements and retirement.


Understand your pension options

Understand your pension options as you prepare for life after work in the BC Public Service.


Paid absence prior to retirement

Paid absence prior to retirement is any earned leave banks and allowances you take as paid absence from work right before you start your Public Service pension.

Learn how to use leave banks and allowances before you retire.


Retirement allowance

Long-serving BC Public Service employees are eligible for a retirement allowance that can be:

  • Taken as pre-retirement leave
  • Taken as a cash payout
  • Directed into a Registered Retirement Savings Plan (RRSP)

Find out about your retirement allowance and eligibility.


Government records guide

Learn how to properly transfer or dispose of your records prior to leaving the BC Public Service, with the Departing Employees Guide (PDF, 730KB).



Contacts

Public Service Pension Plan

  • 1-800-665-3554, Monday to Friday, 8 am to 4:30 pm
  • Website

Can’t find what you need?

Submit an AskMyHR (IDIR restricted) service request.

Use the categories Myself (or) My Team/Organization > Leaving The Public Service > Retirement

If you're a B.C. government employee without an IDIR, call the BC Public Service Agency to submit your service request.