Once retired, that pension security lasts a lifetime—you can count on it. Your defined benefit pension is secure because it's backed by a professionally managed, $12-billion pension fund that includes contributions from members and employers, as well as investment earnings.
Your pension is based on your salary and years of service, not how much you've paid into the Plan or how well the financial markets have performed. That means you can estimate your life-long pension income and plan your retirement with confidence. That's one of the values of a defined benefit pension.
As one of more than 80,000 Plan members, it's important for you to know how your pension works and that we're here to help you, whether you’re new to the Plan, retired or anywhere in between.