New Brunswick Public Service Pension Plan
FALL 2025 NEWSLETTER
View the interactive version of your Fall 2025 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.
Retired? Access your newsletter here.
NBPSPP fall 2025 active newsletter
2025 ANNUAL INFORMATION MEETING
For over ten years, the NBPSPP has been helping support the future retirement of members in the workforce and providing secure pensions to retirees. During that time, the Plan has remained well-funded, giving it the green light to improve benefits for members through cost of living adjustments. The latest cost of living adjustment, applicable January 1, 2026, has been announced.
Learn more about this upcoming adjustment, and much more, by viewing a recording of this year’s Annual Information Meeting. Learn more here.
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:
2024 STATEMENTS
If you were an active (contributing) member of the NBPSPP in 2024, your 2024 Employee Statement of Pension Benefits should be accessible in April 2025.
To better understand your statement, refer to the document below.
Understanding Your Employee Statement Of Pension Benefits (NBPSPP)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.
Additional information is also available here: Life Events: Planning for your retirement.
Declaration of Marital Status Form (NBPSPP | CBE | CUPE H SRP)Planning for Retirement ChecklistPension Estimate FormStatutory Declaration with Proof of Marriage (Form SD1)Statutory Declaration of Common Law Partner (Form SD2)Termination | Retirement Form
Current Processing Time for Pension Estimates and Retirement Applications
Processing times tell you how long it will likely take us to process an application under normal circumstances. The estimated times only apply if all necessary information is available when we receive your application. Various factors can prolong processing times, such as:
- Missing information / an incomplete application
- The availability of required information from other sources, including your employer
If you have any questions about a specific application, or an application type that is not listed below, please contact our Member Services Team between 8:00 a.m. and 4:30 p.m. (Atlantic Time), Monday to Friday.
| Application Type | Target Processing Time To process 97.5% of applications within: |
Recent Average Processing Time |
|---|---|---|
| Pension Estimate | 43 days | 24 days |
| Retirement | 43 days | 21 days |
If you’ve recently lost a loved one who was a retiree of the NBPSPP, please contact the Member Services Team at Vestcor, the Plan’s chosen administrator, as soon as possible to notify them of their passing and to inquire about any available death benefits.
Contact the Member Services Team by telephone at 1-800-561-4012 or by email at info@vestcor.org. We are committed to helping you through this difficult time.
If your loved one was an active member (employed or on leave) of the NBPSPP, their employer will notify Vestcor, the Plan’s chosen administrator, of their passing. Vestcor will provide the member’s applicable survivor with documentation, from which they can select their preferable pension-related option.
If you have any questions about this process, contact their Member Services Team by telephone at 1-800-561-4012 or in writing at info@vestcor.org. We are committed to helping you through this difficult time.
NBPSPP New Pre-Retirement Death Benefit Rules Fact SheetNaming a Beneficiary | Death Benefits Fact Sheet (NBPSPP)
How 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, 2026 (NBPSPP)Explaining the Cost of Living Increase – January 1, 2025 (NBPSPP)Explaining the Cost of Living Increase – January 1, 2024 (NBPSPP)Explaining the Cost of Living Increase – January 1, 2023 (NBPSPP)Explaining the Cost of Living Increase – January 1, 2022 (NBPSPP)Explaining the Cost of Living Increase – January 1, 2021 (NBPSPP)Explaining the Cost of Living Increase – January 1, 2020 (NBPSPP)Cost of Living Increase January 1, 2019 - Notice to RetireesExplaining the Cost of Living Increase – January 1, 2019 (NBPSPP)NBPSPP News Release: Full cost of living increase will be provided (October 2014)Above you will find a video version of the Employee Presentation which is usually carried out in person by Vestcor’s Member Services Team. It is separated into the following topics:
- Governance of the NBPSPP
- NBPSPP Pension Contributions
- Vesting Under the NBPSPP
- Benefits Accumulated Under the NBPSPP
- CPP Integration and Your NBPSPP Pension
- What Can Impact Your NBPSPP Pension Amount?
- Keeping Track of Your NBPSPP Pension Benefit
- Forms of Pension Under the NBPSPP
- Schedule of NBPSPP Pension Payments
- NBPSPP Benefits Payable Upon Termination or Death
- Designating a Beneficiary Under the NBPSPP
- Other Provisions That May Impact Your NBPSPP Pension
- Thinking About Retiring as an NBPSPP Member
If there is a specific topic that you are interested in, hit play on the video above, then skip ahead using the controls that appear in the bottom left corner. You can also click on any of the topics listed.
Watch the full playlist on YouTube.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 PensionThe Board of Trustees is pleased to share the Plan’s first Responsible Investment Report. This report accounts for how environmental, social, and governance (ESG) related issues are considered when making investment decisions for the Plan.
NBPSPP Responsible Investment Report 2024FINANCIAL STATUS OF THE PLAN
The NBPSPP is
136.5% Funded
When the 15-Year Open Group Funded Ratio is over 120% the NBPSPP is in good financial condition and Cost of Living Adjustments can be granted every year. This is where the NBPSPP is today.
About Shared Risk Plans
This video provides a general introduction to your Shared Risk Plan.
Questions?
Contact our Member Services team from Monday to Friday between 8:15 a.m. and 4:30 p.m. (Atlantic).
Toll-Free: 1-800-561-4012
Fredericton: (506) 453-2296