New Brunswick Public Service Pension Plan

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NBPSPP Annual Information Meeting
Your Board of Trustees hosted its 2023 Annual Information Meeting on September 19. Access 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.

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 NBPSPP in 2022, your 2022 Employee Statement of Pension Benefits is sent to you in April.

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 (-4.06%).

What does this negative interest rate mean to you?

  • It does NOT impact your NBPSPP 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 (NBPSPP) Understanding Your Employee Statement Of Pension Benefits (NBPSPP)
Application Forms

Whether you need to provide a form for your pension or employee benefits, quickly find the form you need.

General Reciprocal Transfer Agreement 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.

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

Stay informed about your pension plan through the semi-annual newsletters provided by the Board of Trustees of the NBPSPP, in addition to the general communiqués provided by the Board and Vestcor.

Sign up to receive your newsletter and other general communications electronically. Newsletters General
Employee Presentation Video Series

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:

  • 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
Plan Governance
Annual Reports 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. The NBPSPP and the New Brunswick Teachers’ Pension Plan (NBTPP) jointly own Vestcor Corp.

NBPSPP Board Biographies
Governing Documents Annual Information Meetings Financial Results

View the Plan’s most recent annual report, actuarial valuations, financial statements, and performance composites for the NBPSPP.

Actuarial Valuations Financial Statements GIPS® Total Fund Reports

Calculators

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

Shared Risk Video

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

Questions?

Contact our Member Services team from Monday to Friday between 8:15 am and 4:30 pm AST.

Toll-Free: 1-800-561-4012 
Fredericton: (506) 453-2296