||Volume 16, Number 6, May/June 2004
Enhance your pension: Purchase layoff service
As a member of the Teachers’ Pension Plan, you may be able to enhance your pension by purchasing (as a general leave of absence) time you were laid off and placed on a recall list. This applies if you don’t return to work while on recall or if you do return to work with the same or a different employer. You must apply to purchase this time before your recall rights expire.
You can apply to purchase periods of layoff service as a general leave of absence in the following situations:
• You were laid off and placed on a recall list.
• You were on a continuing contract or had seniority rights at the time of the layoff and were eligible and elected to be placed on the recall list.
• You were on a temporary contract and were laid off before the contract expired and you were eligible and elected to be placed on the recall list. In this case, you can apply to purchase the remaining months of the term of the temporary contract.
If you have questions about your situation, contact the Teachers’ Pension Plan: Victoria 250 953-3022, Vancouver 604 660-4088, Toll-free in B.C. 1-800-665-6770, f: 250-356-8977, TPP@pensionsbc.ca.