Pension + Employee Savings Plans

ECU has two pension plans for employees, the College Pension Plan and the Municipal Pension Plan, through the BC Pension Corporation.

Through financial administration provided by iA Financial Group, our Support Staff also has the option to save under the Vancouver Employees’ Savings Plan (VESP).

For more information, please contact benefits@ecuad.ca.

Pension Corporation

BC Pension Corporation is one of the largest professional pension service providers in Canada and serves the largest public sector pension plans in British Columbia.

The College Pension Plan and the Municipal Pension Plan are defined-benefit pension plans, which are pension plans where one’s monthly lifetime pension is based on a specific formula that includes their years of pensionable service and the average of their five highest years of salary. Both the employee and the employer contribute to the plan, and those contributions are pooled and invested.

Information on the pension plans may be found at their websites, including enrolment guidelines, the Guide for Plan Members, and a general pension estimator.

Find out more:

College Pension Plan (Admin + Faculty)

Retirement Planning

Municipal Pension Plan (Support Staff)

Retirement Planning

Vancouver Employees’ Savings Plan (Support Staff)

The Vancouver Employees’ Savings Plan (VESP) is an optional deferred savings plan governed by CUPE 15, by means of the VESP Committee, and currently administered by iA Financial Group. Participants contribute a percentage of their earnings as noted within the Collective Agreement, and the employers contribute a percentage also, towards the investment account of each participant.

Employees (Support Staff) are eligible to participate six months after completion of their probationary period. A signed waiver is required for employees who declined participation.

For more information, please contact benefits@ecuad.ca.

Find out more