Shared Risk Plan for CUPE Employees of NB Hospitals

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View the interactive version of your Spring 2023 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.


The Board of Trustees of the CUPE Hospitals SRP was in a position to award a 2.74% COLA for January 1, 2023, with the unawarded portion of COLA to be paid in future years if the financial health of the Plan allows. Learn more about how COLA was calculated and read a special message from your Board, available in the Cost of Living Adjustments section below.

Your Statement of Pension Benefits
If you contributed to the Plan in 2022, your annual Statement of Pension Benefits for 2022 will be provided to you this summer. For more information, refer to the section “Employee Statement of Pension Benefits” below.

Employee Statement of Pension Benefits

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:


If you were an active member of the CUPE Hospitals SRP in 2022, your 2022 Employee Statement of Pension Benefits is mailed to you in June 2023.

One of the items noted within the Employee Contributions section of your Statement is Interest credited in 2022. As a result of the market volatility that occurred over the past year, the interest rate applicable to plan contributions for the 2022 statements is negative (-5.74%).

What does this negative interest rate mean to you?

  • It does NOT impact your CUPE Hospitals SRP pension benefit at retirement.
  • If you terminate your employment and choose a refund/transfer, it could impact the calculation depending on the applicable methodology.

For more information, refer to the document below.

Understanding your Employee Statement of Benefits (CUPE-H SRP) Negative Employee Contribution Interest Rate for the Statement Period 2022 (CUPE Hospitals SRP)
Life Events and Your Pension

Wonder 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 Pension
Plan Governance
Board of Trustees

The Board of Trustees is in place to manage the Plan in the best interest of both active and retired members. It follows industry best practices in terms of governance and administration of the Plan.

Board Members of the Shared Risk Plan for Canadian Union of Public Employees (CUPE) of NB Hospitals
Governing Documents Financial Results


For an informal pension estimate or a purchase of service estimate, visit our online calculators here.

Shared Risk Video

 This video provides a general introduction to your Shared Risk Plan.


Contact our Member Services team from Monday to Friday between 8:15 am and 4:30 pm AST.

Toll-free: 1-800-561-4012
Fredericton: (506) 453-2296