BF&M HAS REOPENED WITH YOUR SAFETY IN MIND 
From Monday, 22 June, new hours and safety measures are in place.
8:30 am–11:00 am for seniors (55+) and 11:00 am–3:00 pm for all customers
For customer service and all business inquiries, call +1 441 295 5566  ◦  For website support or to set up an online account, call +1 441 298 0301

The application process for a one-time Pension refund per the Covid-19 Pension Act Amendment is NOW OPEN.  Click here to apply

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What are my options upon reaching retirement age?

In accordance with the Pension Act, you can choose to retire from your pension plan and start receiving benefits even if you continue to work upon reaching age 65. However, if you choose this option, you will not continue to accrue any benefits in the plan and must stop making contributions to the plan.

Alternatively, you may elect to defer receiving your pension and continue contributing to the plan and accruing benefits. If you choose this option, your employer must match your contributions. However, you cannot retire from the pension plan prior to age 65 if you are continuing to work.

If you are in a Defined Benefit plan the rules may differ, so you should refer to the specific rules of that plan with respect to your retirement options.

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+1-441-295-5566