Summary: I met Brian when he was working as the Business Manager for the West Vancouver Municipal Employees Union. I was working as the Director of Human Resources and Payroll Services with the District of West Vancouver. We both eventually moved on from those positions. Brian, to work with the BCGEU – the BC Government and Services Employees Union - as, amongst other responsibilities, their pension expert. Brian recently retired from, what ended up being over ten years with the BCGEU, building expertise on the public sector pension plans in BC. He sat on pension boards, assisted with a myriad of questions and is probably one of the most knowledgeable individuals around when it comes to this stuff. Brian joins us on today’s podcast to share some of this knowledge and to address questions that we have both been asked in our respective positions over the years. And, he asked me to stress this is a general overview as plans and their specific details and information including design details will vary and the pension plans themselves should be relied upon for the specifics. The websites for the specific pension plans have been included below. *EDIT NOTE: The new flat accrual rate on the MPP. is not 1.85% (which was the PSPP number before moving to 1.95% Jan 1 this year). The MPP rate as of Jan 1, 2021 is a flat rate of 1.90%.
