New Brunswick Public Service Pension Plan

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COST OF LIVING ADJUSTMENT ANNOUNCED
The Board of Trustees is very pleased to announce that a cost of living adjustment of 3.70% has been granted to all NBPSPP members effective January 1, 2025.

Cost of living adjustments (COLA) are meant to help you keep up with inflation – whether you are an active member saving for your future retirement or a retiree drawing a pension.

To learn more about how this is calculated, refer to the Cost of Living Adjustment section below.

10 YEARS OF THE NBPSPP: THE BOARD OF TRUSTEES HELD YEAR’S ANNUAL INFORMATION ON SEPTEMBER 25, 2024
The Board of Trustees held this year’s Annual Information Meeting on September 25, 2024. They shared how the Plan is secure for members, sustainable for New Brunswick, and how the success of the Plan has allowed for COLA to be granted to members every year. The recording is available here.

2023 ANNUAL REPORT NOW AVAILABLE.
Get all the facts about the Plan’s results in 2023. Access the freshly released Annual Report below.

Latest Information

2025 Pension Payment Date Calendar Press Release: A Decade of Transformation for the NBPSPP NBPSPP Annual Report 2023 Explaining the Cost of Living Increase – January 1, 2025 (NBPSPP)NBPSPP Newsletter Spring 2024 - Active Member Edition (PDF version)NBPSPP Newsletter Spring 2024 - Retiree Edition (PDF version)2024 Pension Payment Date Calendar NBPSPP Annual Report 2022 Understanding Your Employee Statement Of Pension Benefits (NBPSPP)

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:

2023 STATEMENTS

If you were an active member of the NBPSPP in 2023, your 2023 Employee Statement of Pension Benefits is sent to you in April.

For more information, refer to the document below.

Understanding Your Employee Statement Of Pension Benefits (NBPSPP)

Application Forms

General

Declaration of Marital Status Form Change of Address Form Marriage Breakdown Form Joint and Survivor Pension Waiver (Form 5)Estate Declaration Form Marriage Breakdown Booklet Designation | Change of Beneficiary Form (NBPSPP)Pension Estimate Form Pre-Retirement Death Benefit Waiver (Form 9)Purchase of Service Form (NBPSPP)Religious Exemption (Form 11)Revocation of Pre-Retirement Death Benefit Waiver (Form 10) Statutory Declaration with Proof of Marriage (Form SD1)Statutory Declaration of Common Law Partner (Form SD2)Survivor Benefits (Spouse or Common-Law Partner)Survivor/Death Benefits (Named Beneficiary or Estate)Termination | Retirement Form

Transfer Agreements

Reciprocal Transfer Application Form - Government of Canada (Note: Form must be printed in legal format (8.5" x 14"))Reciprocal Transfer Agreement - PT&S | NBPSPP Request for Transfer - University of Moncton | Université de Moncton Request for Transfer - Nova Scotia Association of Health Organizations (NSAHO)Request for Transfer National Public Service Superannuation Reciprocal Transfer Agreement SHORTFALL Purchase - PT&S | NBPSPP Request for Transfer – CUPE National (CEPP)

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.

Additional information is also available here: Life Events: Planning for your retirement.

Declaration of Marital Status Form Planning for Retirement Checklist Pension Estimate Form Termination | Retirement Form

For Retirees

Change of Address Form Designation | Change of Beneficiary Form (NBPSPP)Direct Deposit Form Marriage Breakdown Form Request for Income Tax Deduction Form Statutory Declaration with Proof of Marriage (Form SD1)Statutory Declaration of Common Law Partner (Form SD2)Survivor Benefits (Spouse or Common-Law Partner)Survivor/Death Benefits (Named Beneficiary or Estate)

Booklets and Guides

NBPSPP At-A-Glance NBPSPP Pension Plan Member Booklet Understanding Your Employee Statement Of Pension Benefits (NBPSPP)Marriage Breakdown Booklet NBPSPP New Pre-Retirement Death Benefit Rules Fact Sheet Naming a Beneficiary | Death Benefits Fact Sheet (NBPSPP)Purchase of Service : Additional Information (NBPSPP)

Newsletters and Other Information

Employee Newsletters (Active and Deferred Plan Members)

Retiree Newsletters

Stay informed about your pension plan through the semi-annual newsletters provided by the Board of Trustees of the NBPSPP.

Click here to sign up to receive your newsletters and other general communications electronically.

Other Communications

2025 Pension Payment Date Calendar Press Release: A Decade of Transformation for the NBPSPP 2024 Pension Payment Date Calendar NBPSPP Response to Misinformation (Aug 2021)Response to the Auditor General Annual Report (NBPSPP) - February 2021 Understanding Your Employee Statement Of Pension Benefits (NBPSPP)Key Resources Guide (NBPSPP)Purchase of Service Update (NBPSPP - February 2017)Question and Answer - Conversion to the Shared Risk Pension Model (February 2014)Public Service Shared Risk Plan Presentation (February 2014)NBPSPP Letter From The Board of Trustees (February 2014)NBPSPP Notice to Active Member (February 2014)NBPSPP News Release: Board members for pension plan appointed (January 2014)Notice to Participants of the Public Service Shared Risk Plan (January 2014)

Cost of Living Adjustments

How cost of living adjustments are calculated by your Plan’s actuary is explained in the resources below.

Helpful Videos

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:

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.

Life Events and Your Pension

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: