About the Municipal Pension Plan UBCM Benefits Conference Helen - PowerPoint PPT Presentation

About the Municipal Pension Plan UBCM Benefits Conference Helen McArthur, Brad Boquist and Robin Hansen BC Pension Corporation Reg. T.M. Municipal Pension Board of Trustees

Who we are Helen McArthur Brad Boquist Robin Hansen Director Director Client Service Manager Board Services Employer Operations Employer Operations 2

Agenda • About the plan • What’s available to support you • Value of the plan • Employer services 3

About the Municipal Pension Plan 4

Key facts • Over 299,000 members • Over 900 employers • Approximately $40.2 billion in assets • Approximately $1.6 billion paid out annually 5

Membership 6

Employers 7

Governance 8

Municipal sector • Trustees – Frank Leonard – Gary MacIsaac – Richard Taylor – Wayne Baldwin • Over 31,700 active members (17 per cent) • Over 200 employers (22 per cent) 9

What’s available to support you? 10

Pension Corporation Employer Operations Board Policy Services Branch EMPLOYERS Plan & Member Member Services Communications 11

Website • Publications • Employer newsletters • Employer instruction manual • Web services – eRemit – employer bulletin board 12

Educational opportunities Employers • General (one-day in-person) • Payroll reporting refresher • eLearning Members • Your Pension, Your Future • Thinking About Retiring 13

Support • Toll-free telephone • Employer education • Site visits 14

Value of the plan 15

StraightTalk website Read and distribute information about the plan mpp.straighttalk.pensionsbc.ca 16

Economic benefits for our province 31,000 Number of jobs supported by pension income from BC public sector pensions in 2014 Economic impact of pension income from $1.66 BC public sector pension plans on provincial gross domestic product (GDP) in BILLION 2014: $1.66 billion 17

Plan retirees live and spend in their communities 97% number of BC public sector pension recipients who were residents of BC in 2014 18

MPP retirees support their communities I contributed all my working life to my pension, and now I am careful how I spend it. – Elspeth Richmond, retired MPP member 19

… and small businesses benefit I spend my pension income locally. There are a large number of pensioners who live in the East Kootenays and contribute to the economy of each community. – Rose Bard (left), retired MPP member with massage therapist Lyn Birkett 20

MPP retirees advocate for their plan I’m a big believer in defined benefit plans. It’s so important to save because one day you will be our age. – Nancy and Frank Wilson, retired MPP members 21

… and prove the plan is doing it right We spend a high percentage of our Municipal Pension Plan retirement income in our community. – Gordon Hartney (centre), with wife Sandy and business owner Ken Lee 22

Employer services 23

Improvements to services • Long-term disability reporting • Member validation tool • Employee Information at Termination or Retirement (EITR) 24

EITR stats (%) Municipal Pension Plan All plans combined November 53 52 December 79 80 January 79 82 February 89 90 25

Interactive discussion • Process • Communications • Other 26

Questions ? Reg. T.M. Municipal Pension Board of Trustees