Early Retirement Incentive Program (ERIP) Application

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Application for the LTD Early Retirement Incentive Program (ERIP).

Freedom of Information and Protection of Privacy Act (FOIPPA)
 
This information is collected by the BC Public Service Agency under s. 26(c) of FOIPPA for the purposes of processing your Early Retirement Incentive Plan application. Any questions about the collection and use of this information can be directed to: CorporateHealthPrograms@gov.bc.ca
Need assistance with completing the form?

Contact BC Public Service Agency, Workplace Health and Safety, 236-478-0540, Monday to Friday 8:30 am to 4:00 pm PT or email CorporateHealthPrograms@gov.bc.ca.

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If you select an ERIP lump sum payment to be paid to you directly, a cheque will be mailed to the address you have provided four to six weeks after your ERIP application is approved. Income tax and outstanding overpayments will be deducted in their entirety from your ERIP lump sum.

If you opt out to roll all or part of the ERIP lump sum payment into an RRSP, you will be asked to provide additional information. No income tax is withheld on the portion rolled into the RRSP.
Do you want some or all of your ERIP payment to be paid to you directly?Missing or incorrect value
Do you want some or all of your ERIP payment to be transferred directly to your RRSP?Missing or incorrect valueIndividuals with years of service before 1996 can defer tax on the eligible portion of a retiring allowance by transferring it to their RRSP. The transfer has no impact on your individual regular RRSP deduction limit. Anything above the retiring allowance is considered to be a non-eligible amount that may be transferred to an RRSP provided that it is within the limit of your RRSP deduction limit. Contact MyHR at 1 877 277-0772 to confirm if this is applicable to you.

By accepting ERIP, and by signing this acceptance form, I understand and agree that:Missing or incorrect value
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Employee Signature
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Once you click the 'Submit' button a copy of this form will be sent to your email address. Check your both your primary and junk inboxes for a copy of your submission.
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