The Board approved a 1.98% COLA based on the 2021 change in the Consumer Price Index (CPI) of 4.80%. The COLA will be included in the July 2022 pension payments to eligible pension recipients. This increase also applies to eligible members with a deferred account.
Pensioners, would you like to get fewer emails from us? If you currently receive monthly notifications that your online pension statement is available for viewing, you can now elect to receive statements only in months where there has been a change to your net payment. You can make this change by logging in to your Online Services account, then selecting the Document Preferences tab under “Edit my Profile”.
Although our in-person seminars have also been cancelled for the time being, we are offering live Pre-Retirement Webinars starting in February 2022. An online seminar is a live presentation made available using Zoom video conferencing software. Members who register for an online seminar will be able to view the PowerPoint presentation from their own computer, hear the presenter’s explanations, and have an opportunity to ask questions which could be answered live, providing there is adequate time to do so.
You can register by logging in to your CSSB Online Services account www.cssb.mypension.ca then go to Register for Group Seminars to choose a date and time that is convenient for you.
Employees who are registered for Online Services now have access to a Special Service Buy Back Estimator. Enter your annual salary and the number of years you’re interested in purchasing, and the estimator will tell you the current cost and the approximate increase to your pension. View the results on screen or print a copy for future reference.