The Purchase of Service Estimate Calculator provides estimates only of the cost to purchase service. The data, information or results contained in, furnished by or obtained from the use of the Purchase of Service Calculator is for the general guide of pension plan members with respect to pension plan benefits.
The purchase of service estimates are based on data entered by you and do not take into account the maximums and restrictions that are applied by the Canada Revenue Agency and/ or the Income Tax Act and Income Tax Regulations.
The information you provide and the estimates that are created are not reviewed, audited or verified by Vestcor. As a result, the data, information, or purchase of service estimates provided by this calculator are not binding on the Province, the applicable Board of Trustees, Vestcor, their employees and/or agents, and have no legal authority.
No responsibility is accepted by or on behalf of the Province, the applicable Board of Trustees, Vestcor and their employees and agents for any errors, omissions, or misleading statements obtained through the use of the Purchase of Service Calculator.
You should not rely on the purchase of service estimates produced by this Purchase of Service Calculator in making any decisions or taking any action with respect to your entitlements under your pension plan. The legislation, policies and terms applicable to your pension plan will govern any entitlement to pension plan benefits.
Therefore, should you decide to purchase service, your eligibility and actual cost to purchase the service will be determined and calculated by Vestcor upon receipt of a formal application to purchase the service. Such a request should be forwarded to Vestcor through your human resource or payroll section.
Pension plan members or their authorized representatives who require further information should contact Vestcor.