Annual Pension Statement
Annual Pension Statement
Your pension statement shows your entitlement as of the last calendar year. It also includes details of your pension plan record.
CSSB prepares a separate pension statement for each of your active accounts. Deferred pensions, Money Purchase Plan accounts, and members receiving the disability allowance are not included. For information on these, please access Online Services or contact our office.
CSSB provides annual statements after confirming your employer’s data. The Pension Benefits Act requires us to make your last year’s statement available by the end of June. If you have Online Services, you’ll get an email when the statement is ready to download. You can request a mailed statement by contacting our office.
How to read your statement
Section 1: Personal data
This section includes:
- Personal Identification Number (PIN)
- Date of birth
- Date of hire
- Fund entry date (the day you joined the plan)
Contact CSSB if your data is incorrect.
Section 2: Retirement date
Pension estimate: This shows your pension amount if you choose the lifetime pension option. This means no payments will go to a beneficiary after your death. When you retire, you can choose other options.
Accrued monthly pension: This is the amount you would get at age 65 if you retired on the statement date. It’s an estimate based on your pensionable service and earnings.
Future projections: These are estimates for different retirement ages. They assume you’ll keep working and earning the same as in the statement year. If you retire early, reductions are included.
Retirement eligibility: You can retire at age 55 if you stop working in the plan and submit a Notice of Retirement to CSSB within 30 days. Your retirement date is your last paid day, which might be different from your last day of work.
Correctional officer retirement: Officers can retire as early as age 50 if their age plus service is at least 75. For example, age 50 with 25 years of service equals 75.
Retirement dates: These arebased on your current account information.
Section 3: Spouse or common-law partner information
If you added your spouse or common-law partner’s name through Online Services, it is included on the statement.
Benefit eligibility: Adding your spouse’s information online lets you see different pension beneficiary options when you run pension estimates.
Even if spouse details are available, the documents submitted at retirement will determine if they meet the requirements for benefits.
Beneficiary information: The statement lists your beneficiary or beneficiaries if you submitted a designation form to CSSB.
Section 4: Additional information
Years of pensionable service: The period when contributions were made to the pension plan. It determines your pension benefit calculation.
Years of qualifying service: This covers continuous employment. It is used to determine if you qualify for some plan benefits. The service must be unbroken by resignation, termination, or retirement. It excludes temporary absences/layoffs of up to 54 weeks in a row.
Salary information: Your employer reports your service, earnings, and contributions. You can check your pensionable salary for past years in Online Services. Overtime pay doesn’t count. For questions, contact your employer.
Service purchase: If you bought service and paid for it by December 31, it’s included in your pensionable service on the statement.
Group insurance: The pension statement doesn’t include group insurance details. View your insurance schedule, if applicable, in Online Services. Your employer handles your group insurance details while you’re employed. Contact them for changes or questions.
Resources
Annual Pension Statement
Your pension statement shows your entitlement as of the last calendar year. It also includes details of your pension plan record.
CSSB prepares a separate pension statement for each of your active accounts. Deferred pensions, Money Purchase Plan accounts, and members receiving the disability allowance are not included. For information on these, please access Online Services or contact our office.
CSSB provides annual statements after confirming your employer’s data. The Pension Benefits Act requires us to make your last year’s statement available by the end of June. If you have Online Services, you’ll get an email when the statement is ready to download. You can request a mailed statement by contacting our office.
How to read your statement
Section 1: Personal data
This section includes:
- Personal Identification Number (PIN)
- Date of birth
- Date of hire
- Fund entry date (the day you joined the plan)
Contact CSSB if your data is incorrect.
Section 2: Retirement date
Pension estimate: This shows your pension amount if you choose the lifetime pension option. This means no payments will go to a beneficiary after your death. When you retire, you can choose other options.
Accrued monthly pension: This is the amount you would get at age 65 if you retired on the statement date. It’s an estimate based on your pensionable service and earnings.
Future projections: These are estimates for different retirement ages. They assume you’ll keep working and earning the same as in the statement year. If you retire early, reductions are included.
Retirement eligibility: You can retire at age 55 if you stop working in the plan and submit a Notice of Retirement to CSSB within 30 days. Your retirement date is your last paid day, which might be different from your last day of work.
Correctional officer retirement: Officers can retire as early as age 50 if their age plus service is at least 75. For example, age 50 with 25 years of service equals 75.
Retirement dates: These arebased on your current account information.
Section 3: Spouse or common-law partner information
If you added your spouse or common-law partner’s name through Online Services, it is included on the statement.
Benefit eligibility: Adding your spouse’s information online lets you see different pension beneficiary options when you run pension estimates.
Even if spouse details are available, the documents submitted at retirement will determine if they meet the requirements for benefits.
Beneficiary information: The statement lists your beneficiary or beneficiaries if you submitted a designation form to CSSB.
Section 4: Additional information
Years of pensionable service: The period when contributions were made to the pension plan. It determines your pension benefit calculation.
Years of qualifying service: This covers continuous employment. It is used to determine if you qualify for some plan benefits. The service must be unbroken by resignation, termination, or retirement. It excludes temporary absences/layoffs of up to 54 weeks in a row.
Salary information: Your employer reports your service, earnings, and contributions. You can check your pensionable salary for past years in Online Services. Overtime pay doesn’t count. For questions, contact your employer.
Service purchase: If you bought service and paid for it by December 31, it’s included in your pensionable service on the statement.
Group insurance: The pension statement doesn’t include group insurance details. View your insurance schedule, if applicable, in Online Services. Your employer handles your group insurance details while you’re employed. Contact them for changes or questions.