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Collective Agreements

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Retirement Info

Next Hybrid Virtual/In-Person Meeting

Tuesday, Oct 15, 2024 | 7:30 p.m.

Attend in-person at #201 – 2736 Quadra Street or virtually via Zoom. 

To participate in the meeting via Zoom, get on the meeting link distribution list by completing the form below and selecting “Next General Meeting & All Future Meetings Info” and your employer email lists.

Meeting links are typically sent 24 to 48 hours before each meeting AND again 10 minutes before the meeting starts.

***IMPORTANT*** Please sign-up using your personal email address only.

Agenda

  • Roll Call of Officers
  • Initiations
  • Approval of Last Meeting Minutes
  • Matters Arising from the Minutes
  • Treasurer’s Report
  • Correspondence Report
  • Executive Recommendations
  • Reports from Committees
  • Grievance Committee Report
  • Safety Committee Report
  • Nominations, Elections or Installations
  • Unfinished Business
  • New Business (in form of a motion)
  • Good of the Union
  • Adjournment

Sub Locals & Collective Agreements

City of Victoria Inside and Outside Workers

BCSPCA (Victoria Branch)

City of Langford (RCMP Support Services)

Downtown Victoria Business Association

Gorge Vale Golf Club

Royal Oak Burial Park

Retirement Info

BC Municipal Pension Plan

As a member of the plan, you are eligible for a lifetime monthly pension when you retire. Learn more about how your pension works, and how life events and career decisions can affect your pension.
https://mpp.pensionsbc.ca/your-pension

Changes to the Municipal Plan Pension were made. Pensionable service earned on or after January 1, 2022, falls under new rules. There are no changes to your service earned up to and including December 31, 2021. Get answers to your top questions about changes to your plan. Learn how the changes affect you and improve your lifetime pension. You are a member of group 1 if you are not a police officer or firefighter.
https://mpp.pensionsbc.ca/plan-changes-for-group-1

Sustainable funding for your health benefits

Your post-retirement group benefits are provided through the Municipal Retiree Benefit Trust (MRBT). Funding for the trust comes from three sources:

  • Seed funding from employer contributions
  • Ongoing employer contributions
  • Premiums paid by retired members

https://mpp.pensionsbc.ca/board-communique-december-2-2021

More Info:

Canada Pension Plan

The Canada Pension Plan (CPP) retirement pension provides a monthly benefit to eligible Canadians.

You must have worked and made at least one valid contribution (payment) to the CPP to qualify for a CPP retirement pension. The standard age to begin receiving the pension is 65. However, you can take a permanently reduced CPP retirement pension as early as age 60 or take a permanently increased pension after age 65.

When should I take my retirement pension?

Before you decide when to take your retirement pension, you should consider the following:

  • How your age will affect your monthly payment
  • Whether you plan on working while receiving your pension
  • How much and how long you have made contributions to the CPP
  • Your personal savings, investments or company pension plan
  • Your retirement planning and lifestyle you want when you retire
  • Your current health, family health history or any disabilities

More Info:

Old Age Security

The Old Age Security (OAS) pension is a monthly payment available to most people 65 years of age and older who meet the Canadian legal status and residence requirements.

Your employment history is not a factor in determining eligibility: you can receive the OAS pension even if you have never worked or are still working.

Am I eligible?

If you are living in Canada, you must:

  • Be 65 years old or older
  • Be a Canadian citizen or a legal resident at the time we approve your Old Age Security pension application, and have resided in Canada for at least 10 years after turning 18

More Info:

Upon Retirement

( 18.13  Retirement ) The City shall pay to an employee who retires after having reached the minimum retirement age set out in the Municipal Pension Plan of British Columbia a sum of money equal to one calendar month’s basic salary at the rate applicable to the employee at the time of retirement.

  • Any unused vacation or banked overtime will be paid out upon retirement
  • Have the option of continuing life insurance by paying 100% of the premium premium up to age 65
  • Other city benefits (Ex H, Dental, etc) continue for a month following retirement
  • Pension is effective the next month following retirement, cheque from MPP comes at end of the month, ie retiring end of June first pension cheque comes end of July