CBE Pension Plan

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As an active member of the CBE Pension Plan, you’ll find valuable information and resources regarding your pension plan in this section.

The CBE is made up of over 16,000 active, inactive and retired members from a variety of employers across the province.

 

CBE PENSION PLAN ANNUAL INFORMATION MEETING
Your Board of Trustees held its inaugural Annual Information Meeting online on November 29. Watch the recording here.


FALL 2023 NEWSLETTER
View the interactive version of your Fall 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.

Planning Your Retirement

Applying 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.

Video: Planning for Retirement Life Events: Planning for Retirement Planning for Retirement Checklist Pension Estimate Form Termination | Retirement Form Declaration of Marital Status Form
Employee Statement of Pension Benefits

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)
Life Events and Your Pension
 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 Pension
Money Matters: Be in the Know

Improving 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
Plan Governance
Board of Trustees

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 Board Activities 2021 | CBE Board Activities 2020 | CBE Board Activities 2019 | CBE Board Activities 2018 | CBE Board Activities 2017 | CBE CBE Board Biographies
Governing Documents Financial Results
Annual Reports Actuarial Valuations GIPS® Total Fund Reports Financial Statements

Shared Risk Video

This video provides a general introduction to your Shared Risk Plan.

Calculators

For an informal pension estimate or a purchase of service estimate, visit our online calculators here.

For CBE Retirees

Additional information for those who have or will receive retroactive salary increase due to recent ratification of collective agreements.

If you are expecting a retroactive salary increase for a period when you were an active employee, you must contact your former employer to initiate the process. Your employer must withhold pension contributions in order for the additional salary to impact your pension benefit amount. After Vestcor receives the retroactive contributions, your pension benefit will be recalculated, and you will receive a retroactive lump sum payment for additional benefit payable since your retirement. Please note that with the large volume of retroactive salary increases being processed at this time, your pension recalculation could take several months to complete.