Municipal Pension Plan Most HEU members are covered by the Municipal Pension Plan. This is a defined benefit plan, where your pension is based on your age, your years of pensionable service and the average of your highest five years of salary (not necessarily your last five years). It is not based on your contributions to the plan or on the investment performance of the plan’s assets. Under this plan, your pension is paid for your lifetime.
For more information, visit the Pensions BC website and follow the link to the Municipal Pension Plan.