CBE Pension Plan
UPDATE FROM THE BOARD OF TRUSTEES – November 21, 2025
Earlier this week, the Board of Trustees of the CBE Pension Plan received a letter from the New Brunswick Nurses Union, the New Brunswick Union, and the Government of New Brunswick (collectively, “the Parties”) recommending changes to the Plan’s early retirement rules. Specifically, the Parties are recommending that the Plan’s early retirement rules be changed to allow for members to take an unreduced benefit amount at age 62 from the current age of 65, that the Parties have agreed to this benefit improvement on a go-forward basis, and that the cost of the benefit change be funded through a contribution rate change shared equally between the Employer and Employee.
The Board of Trustees is currently assessing this recommendation while respecting the fundamental philosophy of the CBE Plan. This requires a detailed cost analysis, consultation with the Plan’s actuary, administrator, and the pension regulator, and a thorough review of our governing documents. The Board is reviewing the proposed changes in the context of the long-term sustainability of the Plan.
The Board anticipates concluding its due diligence of the proposed changes before the end of March 2026. Updates to Plan members will be provided as we progress through this assessment.
2025 ANNUAL INFORMATION MEETING
How much do you know about your most important financial asset? As a member of the CBE Pension Plan you have a secure source of retirement income designed to pay you a LIFETIME BENEFIT when you retire.
Learn more about this benefit, the Plan’s performance, and much more by viewing a recording of this year’s Annual Information Meeting.
2024 ANNUAL REPORT
View the interactive version of your 2024 Annual Report in the window below (the option to view full screen should be visible at the bottom right of the window), or view the PDF version by visiting the “Latest Information” tab below.
CBE Pension Plan 2024 Annual Report
FALL 2025 NEWSLETTER
View the interactive version of your Fall 2025 Newsletter in the window below (the option to view full screen should be visible at the bottom right of the window), or view the PDF version by visiting the “Latest Information” tab below.
CBE Pension Plan Fall 2025 Newsletter
Annual Report 2024 - CBE Pension PlanCBE Newsletter Fall 2025Explaining the Cost of Living Increase – January 1, 2026 (CBE)2026 Pension Payment Date CalendarCBE Responsible Investment Report 20242025 Pension Payment Date CalendarKey Resources: CBEUnderstanding your Employee Statement of Benefits (CBE)
Current Processing Time for Pension Estimates and Retirement Applications
Processing times tell you how long it will likely take us to process an application under normal circumstances. The estimated times only apply if all necessary information is available when we receive your application. Various factors can prolong processing times, such as:
- Missing information / an incomplete application
- The availability of required information from other sources, including your employer
If you have any questions about a specific application, or an application type that is not listed below, please contact our Member Services Team between 8:00 a.m. and 4:30 p.m. (Atlantic Time), Monday to Friday.
| Application Type | Target Processing Time To process 97.5% of applications within: |
Recent Average Processing Time |
|---|---|---|
| Pension Estimate | 43 days | 24 days |
| Retirement | 43 days | 21 days |
If you’ve recently lost a loved one who was a retiree of the CBE Pension Plan, please contact the Member Services Team at Vestcor, the Plan’s chosen administrator, as soon as possible to notify them of their passing and to inquire about any available death benefits.
Contact the Member Services Team by telephone at 1-800-561-4012 or by email at info@vestcor.org. We are committed to helping you through this difficult time.
If your loved one was an active member (employed or on leave) of the CBE Pension Plan, their employer will notify Vestcor, the Plan’s chosen administrator, of their passing. Vestcor will provide the member’s applicable survivor with documentation, from which they can select their preferable pension-related option.
If you have any questions about this process, contact their Member Services Team by telephone at 1-800-561-4012 or in writing at info@vestcor.org. We are committed to helping you through this difficult time.
CBE Pre-retirement death benefits
How cost of living adjustments are calculated by your Plan’s actuary is explained in the resources below.
Explaining the Cost of Living Increase – January 1, 2026 (CBE)Explaining the Cost of Living Increase – January 1, 2025 (CBE)Explaining the Cost of Living Increase – January 1, 2024 (CBE)Explaining the Cost of Living Increase – January 1, 2023 (CBE)Explaining the Cost of Living Increase – January 1, 2022 (CBE)Your Employee Statement of Pension Benefits provides you with personalized estimated pension amounts as of December 31 of a given year. Your statement also includes information you need to use Vestcor’s Online Pension Estimate Calculator.
Need help with your statement? Refer to the information included below, and these helpful videos:
2023 STATEMENTS
If you were an active member of the CBE Pension Plan in 2023, your 2023 Employee Statement of Pension Benefits is mailed to you in the spring.
Understanding your Employee Statement of Benefits (CBE)Applying for your pension is easy, but it’s important that you understand the process and timeline. The video below provides an overview of the necessary steps.
Video: Planning for RetirementLife Events: Planning for RetirementDeclaration of Marital Status Form (NBPSPP | CBE | CUPE H SRP)Planning for Retirement ChecklistPension Estimate FormStatutory Declaration with Proof of Marriage (Form SD1)Statutory Declaration of Common Law Partner (Form SD2)Termination | Retirement FormCBE Phased-in Retirement Application FormWonder how your pension could be affected by times of transition in your life? Easily find the information you need in our Life Events section. Navigate through it based on what stage of your life you are in. It’s divided into the following sections:
- Welcome to the Plan
- Returning from a Leave of Absence
- Ending a Spousal Relationship
- Leaving your Employment
- Planning for Retirement
- Welcome to Retirement
- Death of a Member
Click on the link below to experience it for yourself.
Life Events and Your PensionThe Board of Trustees is pleased to share the Plan’s first Responsible Investment Report. This report accounts for how environmental, social, and governance (ESG) related issues are considered when making investment decisions for the Pension Plan.
CBE Responsible Investment Report 2024FINANCIAL STATUS OF THE PLAN
The CBE Pension Plan is
137.7% Funded
When the 15-Year Open Group Funded Ratio is over 120% the CBE Pension Plan is in good financial condition and Cost of Living Adjustments can be granted every year. This is where the CBE Pension Plan is today.
Money Matters: Be in the know
Improving your financial know-how can equip you to more confidently make important financial decisions.
By knowing what day-to-day and long-term financial decisions are best for you, you can reduce your stress and better support your overall well-being. Click here to access a series of resources to help you no matter your current knowledge level.
About Shared Risk Plans
What is a Shared Risk Pension Plan? Watch the video below to find out.