Spectrum employees voted to join the Municipal Pension Plan and our contributions began in July 2010. For most employees, they are now “vested” and have a guaranteed retirement income. That retirement income will grow with each year of work and contributions.
The Annual Report for the year ending December 31, 2012 has been posted to the MPP website and there is lots of information there for your enlightenment.
LINK TO 2012 MPP Annual Report
Did you know? Seventy-five per cent of the cost of pensions is funded by investment income, and the remaining 25 per cent is funded by employer and member contributions.
You should have received your 2012 Member’s Benefit Statement in June this year which has information on your pension value. You can contact the MPP a number of ways:
| Mailing Address: | Phone: |
| Municipal Pension Plan | Victoria: 250 953-3000 |
| PO Box 9460 | Toll-free in Canada and U.S.: 1 800 668-6335 |
| Victoria, BC V8W 9V8 | |
| Location: | Fax: |
| 2995 Jutland Road, Victoria, BC V8T 5J9 | 250 953-0421 |
| Map (Note: Will open a second window) | |
| Email: | |
| Office Hours: | Contact the Municipal Pension Plan |
| Monday-Friday, 8 a.m.-4:30 p.m. |