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

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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


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  • Reg. T.M. Municipal Pension Board of Trustees

About the Municipal Pension Plan

UBCM Benefits Conference

Helen McArthur, Brad Boquist and Robin Hansen

BC Pension Corporation

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Who we are

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Brad Boquist Director Employer Operations Robin Hansen Client Service Manager Employer Operations Helen McArthur Director Board Services

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Agenda

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

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About the Municipal Pension Plan

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Key facts

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

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Membership

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Employers

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Governance

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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)

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What’s available to support you?

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Pension Corporation

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EMPLOYERS

Employer Operations Policy Branch Plan & Member Communications Member Services Board Services

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Website

  • Publications
  • Employer newsletters
  • Employer instruction manual
  • Web services

– eRemit – employer bulletin board

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Educational opportunities

Employers

  • General (one-day in-person)
  • Payroll reporting refresher
  • eLearning

Members

  • Your Pension, Your Future
  • Thinking About Retiring

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Support

  • Toll-free telephone
  • Employer education
  • Site visits

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Value of the plan

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StraightTalk website

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Read and distribute information about the plan

mpp.straighttalk.pensionsbc.ca

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Economic benefits for

  • ur province

Number of jobs supported by pension income from BC public sector pensions in 2014 Economic impact of pension income from BC public sector pension plans on provincial gross domestic product (GDP) in 2014: $1.66 billion

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31,000 $1.66

BILLION

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Plan retirees live and spend in their communities

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97%

number of BC public sector pension recipients who were residents of BC in 2014

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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

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…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

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MPP retirees advocate for their plan

I’m a big believer in defined benefit plans. It’s so important to save because

  • ne day you will be our age.

– Nancy and Frank Wilson, retired MPP members

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…and prove the plan is doing it right

We spend a high percentage of

  • ur Municipal Pension Plan

retirement income in our community.

– Gordon Hartney (centre), with wife Sandy and business owner Ken Lee

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Employer services

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Improvements to services

  • Long-term disability reporting
  • Member validation tool
  • Employee Information at Termination or

Retirement (EITR)

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EITR stats (%)

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Municipal Pension Plan All plans combined November 53 52 December 79 80 January 79 82 February 89 90

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Interactive discussion

  • Process
  • Communications
  • Other

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  • Reg. T.M. Municipal Pension Board of Trustees

Questions?