Full-time permanent MoveUP employees (Electric division) are required to join the MoveUP Plan three months following their date of employment with FortisBC.
When you join the MoveUP Plan, you will need to complete a pension enrolment form so that FortisBC and the third-party pension service providers have access to the information required to administer your pension. It is important for you to provide accurate information, including your marital status and beneficiary. Here is a copy of the Pension Enrolment & Appointment of Beneficiary form.
Full-time permanent MoveUP employees (Electric division) are required to join the MoveUP Plan three months following their date of employment with FortisBC.
When you join the MoveUP Plan, you will need to complete a pension enrolment form so that FortisBC and the third-party pension service providers have access to the information required to administer your pension. It is important for you to provide accurate information, including your marital status and beneficiary. Here is a copy of the Pension Enrolment & Appointment of Beneficiary form.
There may be death benefits payable from the MoveUP Plan when you pass away. New members can designate a beneficiary for these potential benefits by completing the Appointment of Beneficiary section of the pension enrolment form. Existing members can make or change beneficiary designations using the Beneficiary Change form.
If you have a Spouse…
“Spouse” under the MoveUP Plan means:
The person to whom you are legally married, unless you have been living separate and apart for two or more years.
OR
The person you have been living with in a marriage-like relationship for at least two years.
The annual pension statement you receive in June of each year will confirm who is on file as your beneficiary and Spouse. Be sure to review the names and, if necessary, make changes using the Beneficiary Change form.
You and FortisBC both contribute amounts to the MoveUP Plan, which are calculated as part of bi-weekly payroll processing. The pension contributions are pooled together, remitted to the pension fund, and invested by the Board of Trustees on behalf of all plan members.
Plan Earnings are calculated as:
of your Earnings up to the YMPE
of your Earnings in excess of the YMPE
Keep in mind that contribution rates can change over time, as approved by the Board of Trustees. If you are currently employed by FortisBC, you can check out Connector for current and historical MoveUP Plan contribution rates (making sure to select the section for your affiliation).
Let’s say your annual base salary is $80,000 and the YMPE is $71,300 (2025 YMPE). | ||
|---|---|---|
Your Plan Earnings would be: | = 80% of Earnings up to YMPE + 100% of Earnings above the YMPE | |
= 80% X $71,300
+ 100% x ($80,000 – $71,300) | ||
= $57,040 + $8,700 | ||
= $65,740 | ||
Now suppose the member contribution rate is 10.45% of Plan Earnings and the Company rate is 18.45% of Plan Earnings. This means:
The MoveUP Plan was designed to work with the Canada Pension Plan (CPP) to provide you with regular income in retirement. Each year, you contribute a percentage of your pay to the CPP, up to a maximum earnings limit (the YMPE). Because you’re contributing to the CPP for amounts below the YMPE, your MoveUP Plan contributions are reduced for this portion of your earnings.
