Pension Web Portal login instructions
Annual Newsletters
Beneficiary and name change forms
Divorce and Separation forms
If you are currently a FortisBC employee and are looking for more information, you may also visit the Union Plan page on Connector (be sure to select the tab for your affiliation) for access to:
Pension Web Portal login instructions
Annual Newsletters
Beneficiary and name change forms
Divorce and Separation forms
If you are currently a FortisBC employee and are looking for more information, you may also visit the Union Plan page on Connector (be sure to select the tab for your affiliation) for access to:
The FortisBC IBEW Pension Plan (the IBEW Electric Plan) was merged into the Union Plan as of January 1, 2020. If you were a member of the IBEW Electric Plan, some different provisions apply to your pension benefits for service prior to January 1, 2020. The key differences are as follows:
Your pension related to pre-January 1, 2020 credited service will not be reduced if you are at least age 62 when you retire, or if your age and service equals 90 points.
If you retire before reaching age 62 or 90 points, your pension related to pre-January 1, 2020 credited service will be reduced by an amount equal to 5% multiplied by the number of years before the date at which your pension is unreduced.
For determining pension benefits related to pre-January 1, 2020 credited service, your Plan Earnings are equal to 80% of your regular earnings up to the YMPE, plus 100% of earnings above this ceiling.
The pension formula is the same as defined in the Union Plan (2% x BAE x credited service). However, your pension will be determined separately for pre-2020 service and post-2019 service since the Plan Earnings formula and early retirement provisions are slightly different for pre- and post-merger service.
BC pension legislation requires that actuarial valuations be conducted for each defined benefit pension plan at least every three years. Actuarial valuations are performed to determine the financial position of the plan, and to make sure that the assets are adequate to pay for all of the members’ pension benefits.
The average of your best five consecutive years of Plan Earnings.
The amount of money at the calculation date, which, if invested, is expected to be sufficient to provide you with the monthly pension promised under the plan, based on your service and earnings to date and the assumptions prescribed by the Canadian Institute of Actuaries Standards of Practice for pension commuted values. The commuted value fluctuates with changes in factors such as your age and interest rates.
FortisBC’s Intranet hub that offers news and information exclusively to current employees.
Years of service with FortisBC during which you contributed to the Union Plan plus your credited years of service accumulated through any previous eligible plans, plus approved periods of long-term disability or approved WorkSafeBC claim. Any periods of part-time employment are prorated when calculating credited service.
Earnings include base pay and bonus, which are considered for the purpose of calculating pension benefits.
Formerly called a locked-in RRSP, this is a tax-deferred retirement savings arrangement for locked-in funds transferred out of a pension plan upon terminating from the pension plan.
The earnings on which your contributions and pension benefit are based. Plan Earnings are equal to 70% of your earnings (includes base pay and bonus) up to the YMPE plus 100% of earnings in excess of the YMPE.
The current value of an amount of money, or stream of income, to be received at a particular future date.
In the pension plan, “spouse” means the person to whom you are legally married, unless you have been living separate and apart for two or more years, or the person you have been living with in a marriage-like relationship for at least two years.
The amount established annually as the maximum amount of earnings on which Canada Pension Plan (CPP) contributions are made. The YMPE is approximately equal to the average wages and salaries in Canada.
For address changes, contact
FortisBC Pension Department
1-888-469-8022
If you need to change your direct deposit banking information, make tax deduction changes, or request a copy of your Pension T4A, contact RBC Investor Services
1-800-668-1320
