Teachers’ Pension Plan Rules in British Columbia


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BC’s Teachers’ Pension Plan is one of the largest public sector pension plans in British Columbia. Learn how your plan is organized and managed.

Organizational structure of the plan

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Learn how BC’s Teachers’ Pension Plan is structured and organized.

The Teachers’ Pension Plan provides secure retirement income for more than 100,000 plan members, including teachers, vice-principals, principals and superintendents from school boards across the province. There are:

  • About 48,500 active members (working and contributing to the plan)
  • About 39,100 retired members (receiving a pension)
  • About 12,800 inactive members (no longer working for a plan employer but have left their contributions with the plan and may be eligible for a pension)
  • The above numbers include limited members.

As of December 31, 2019, the plan had investment assets of more than $31 billion, making it the tenth-largest pension plan in Canada.

The Teachers’ Pension Board of Trustees (board) is responsible for plan governance. The board is made up of five trustees appointed by the plan member partner (BC Teachers’ Federation) and five trustees appointed by the plan employer partner (the provincial government).

Plan rules

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Read the plan rules that govern all aspects of BC’s Teachers’ Pension Plan – from enrolment eligibility to pension calculations.

Board trustees

Meet the Teachers’ Pension Board of Trustees.

BC’s Teachers’ Pension Plan is jointly managed by trustees appointed by the employer partner (the provincial government) and the member partner (BC Teachers’ Federation). The trustees themselves appoint a board chair and vice-chair.

The Teachers’ Pension Board of Trustees aims to meet the pension promise to provide retirement income to plan members.

The board also appoints directors to the boards of British Columbia Pension Corporation (which provides benefit administration services) and British Columbia Investment Management Corporation (which provides investment management services).

Board committees

The Teachers’ Pension Board of Trustees has several committees that make recommendations to the board on issues affecting BC’s Teachers’ Pension Plan.

Many policies guide the work of the Teachers’ Pension Board of Trustees. You’ll find links to our policy documents below. We’ve also included links to the mandate documents of our board committees.

Benefits and Communications Committee Mandate

This document describes the role and authority of the benefits and communications committee.

Code of Conduct and Conflict of Interest Policy

This policy describes the duties and obligations of the board as prescribed by the Joint Trust Agreement, Teachers’ Pension Plan Rules and legislation. The Code of Conduct and Conflict of Interest Policy outlines trustees’ primary fiduciary duties, as well as the principles of conflict of interest and confidentiality trustees must follow.

Communications Policy

This policy outlines how stakeholders will be informed about issues that affect BC’s Teachers’ Pension Plan. It describes the role of the plan’s trustees and chair when communicating with stakeholders, includes social media guidelines and outlines the criteria that must be met before a third party is allowed to distribute information to the plan’s members.

Governance Committee Mandate

This document describes the mandate of the governance committee, including composition, frequency of meetings and responsibilities.

Board policies

Read the policies and processes that guide the work of the Teachers’ Pension Board of Trustees.

Board meeting highlights

Read board meeting highlights from the Teachers’ Pension Board of Trustees.

Joint trust agreement

Read the Teachers’ Pension Plan Joint Trust Agreement.

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