Shared Risk Plan for Certain Bargaining Employees
As an active member of the CBE SRP, you’ll find valuable information and resources regarding your pension plan in this section.
The CBE SRP is made up of over 16,000 active, inactive and retired members from a variety of employers across the province.
SPRING 2023 NEWSLETTER
View the interactive version of your Spring 2023 Newsletter in the window below (the option to view full screen should be visible at the bottom right of the window), or view the PDF version by visiting the “Latest Information” tab below.
Your Statement of Pension Benefits
If you contributed to the CBE Pension Plan in 2022, your annual Statement of Pension Benefits for 2022 will be provided to you this summer. For more information, refer to the section “Employee Statement of Pension Benefits” below.
Quickly find the form you need.
GeneralApplying for your pension is easy, but it’s important that you understand the process and timeline. The video below provides an overview of the necessary steps.
Additional information is also available here: Life Events: Planning for your retirement.
Planning for Retirement Checklist Pension Estimate Form Termination | Retirement Form Declaration of Marital Status FormMember booklets and guides contain important information relating to your pension plan.
Negative Employee Contribution Interest Rate for the Statement Period 2022 (CBE) Marriage Breakdown Booklet CBE SRP Pre-retirement death benefits Understanding your Employee Statement of Benefits (CBE SRP) CBE SRP Phased-In Retirement Booklet CBE SRP At-A-Glance CBE SRP Employee Booklet Purchase of Service : Additional Information (CBE SRP)Stay informed about your pension plan through the semi-annual newsletters provided by the Board of Trustees of the CBE SRP, in addition to the general communiqués provided by the Board and Vestcor.
Sign up to receive your newsletter and other general communications electronically. GeneralHow cost of living adjustments are calculated by your Plan’s actuary is explained in the resources below.
Explaining the Cost of Living Increase – January 1, 2023 (CBE SRP) Explaining the Cost of Living Increase – January 1, 2022 (CBE SRP)Your Employee Statement of Pension Benefits provides you with personalized estimated pension amounts as of December 31 of a given year. Your statement also includes information you need to use Vestcor’s Online Pension Estimate Calculator.
Need help with your statement? Refer to the information included below, and these helpful videos:
2022 STATEMENTS
If you were an active member of the CBE Pension Plan in 2022, your 2022 Employee Statement of Pension Benefits is mailed to you in the summer months of 2023.
One of the items noted within the Employee Contributions section of your Statement is Interest credited in 2022. As a result of the market volatility that occurred over the past year, the interest rate applicable to plan contributions for the 2022 statements is negative (-2.35%).
What does this negative interest rate mean to you?
- It does NOT impact your CBE pension benefit at retirement.
- If you terminate your employment and choose a refund/transfer, it could impact the calculation depending on the applicable methodology.
For more information, refer to the document below.
Negative Employee Contribution Interest Rate for the Statement Period 2022 (CBE) Understanding your Employee Statement of Benefits (CBE SRP)| Welcome to your Plan! | Wonder how your pension could be affected by times of transition in your life? Easily find the information you need in our Life Events section. Navigate through it based on what stage of your life you are in. It’s divided into the following sections: |
- Welcome to the Plan
- Returning from a Leave of Absence
- Ending a Spousal Relationship
- Leaving your Employment
- Planning for Retirement
- Welcome to Retirement
- Death of a Member
Click on the link below to experience it for yourself.
Life Events and Your PensionImproving your financial know-how can equip you to more confidently make important financial decisions.
By knowing what day-to-day and long-term financial decisions are best for you, you can reduce your stress and better support your overall well-being. Click on the button below to access a series of resources to help you no matter your current knowledge level.
Money Matters: Your Financial Know-How
The Board of Trustees is in place to manage the Plan in the best interest of both active and retired members. It follows industry best practices in terms of governance and administration of the Plan.
Board Activities 2022 | CBE SRP Board Activities 2021 | CBE SRP Board Activities 2020 | CBE SRP Board Activities 2019 | CBE SRP Board Activities 2018 | CBE SRP Board Activities 2017 | CBE SRP CBE SRP Board BiographiesThe following documents guide the Board of Trustees in the governance of the CBE SRP.
CBE SRP Statement of Investment Policies CBE SRP Memorandum of Understanding CBE SRP Plan Text CBE SRP Amendment to Memorandum of Understanding and Approval of Changes to Funding Policy CBE SRP Agreement and Declaration of Trust CBE SRP Summary of the Funding Policy CBE SRP Funding PolicyView the Plan’s most recent financial reports.
CBE SRP Financial Statement as of December 31, 2021 CBE SRP Financial Statement as of December 31, 2020 CBE SRP Financial Statement as of December 31, 2019 CBE SRP Financial Statement as of December 31, 2018 CBE SRP Financial Statement as of December 31, 2017 CBE SRP Financial Statement as of December 31, 2016 CBE SRP Financial Statement as of December 31, 2015 CBE SRP Financial Statement as of December 31, 2014 CBE SRP Financial Statement as of December 31, 2013 CBE SRP Financial Statement as of December 31, 2012 CBE Financial Statement as of December 31, 2011 CBE Financial Statement as of December 31, 2010 CBE Financial Statement as of December 31, 2009 CBE Financial Statement as of December 31, 2008