Pension Life - Winter 2021
News for retired members
Welcome to the winter issue of Pension Life online. Here you can access your pension news and plan updates anytime. Plus you’ll find new online features, quick links to all your pension resources and more!
Watch the website for updates, and don’t forget to register for My Account so you can access all your information in one place.
Taxes: T4A available online
Your current and previous T4As are available through My Account. Sign in to My Account today to view and print your T4A.
Ready to go paper-free?
You can now choose to receive digital notifications when your latest pension information, like your tax slip and Annual Statement, is available online. Going paper-free is fast, secure and allows you to keep track of all your important pension information in one place.
If you're already registered for My Account, sign in, confirm your contact information and select “yes” to receive pension information digitally whenever possible. If you’re not already registered for My Account, register now to opt in.
Retirees’ associations
BC Retired Teachers’ Association
Guarding the interests and promoting the welfare of its members.
Learn more (opens external website)
Retired Principals’ & Vice-Principals’ Association
BCRPVPA is a group of retired professionals with common goals and interests. It promotes the welfare of its members, fosters liaisons among members and active principals and vice-principals, and supports young people by providing scholarships and bursaries.
Learn more (opens external website)
BC School Superintendents Association
Transforming, reforming and innovating: leading and learning together.
Learn more (opens external website)
Help us improve
Our user experience team regularly conducts research and testing with members on services and digital products. Want to join our group of go-to folks?
Pension Life is published twice a year. You may receive more than one copy of Pension Life if you receive a pension from more than one pension plan. Read your statement letter to determine which plan provides your group benefits. Any person entitled to a benefit, or their agent, has the right to examine plan documents, data and public information about the plan.
Your 2021 COLA is 0.5 per cent
Pensions are keeping up with inflation
On January 1, you received a cost-of-living adjustment (COLA) of 0.5 per cent, matching the Canadian consumer price index. The board may grant a COLA each year to help maintain your pension’s purchasing power.
Ken Tannar delves into digits
He loves numbers at work and play
Read how trustee and teacher Ken Tannar uses his love of numbers to help ensure the plan remains health and sustainable. No surprise he carries that love over to the fairway!
Capture your retirement in action
Have fun showing off your retirement lifestyle by modelling in a professional photo shoot. Photos will be used to promote the Teachers’ Pension Plan, helping other members engage with their pension plan. To thank you for your participation, we’ll send you a digital photo from the shoot.
Extended health care and dental rates
The new monthly rates are in effect as of February 1, 2021, and may change at any time.
Green Shield Canada has you covered
Your health and dental coverage
Learn about Green Shield Canada’s new services and get helpful reminders about your coverage.
Tips and tools
Taxes
Six tips for tackling your tax return in retirement
Learn how receiving a pension affects your tax return, and how you can make filing your taxes easier.
Your tax questions answered
It’s that time again! Find out how to reduce your taxes through income splitting or additional deductions.
Returning to work
Working after retirement
Find out what happens if you go back to work after your pension starts.
Payments
Your payment dates
Find out when to expect your next monthly pension payment.
How to manage your banking information
Learn how to easily update your banking information and sign up for direct deposit, wherever you live.
