Pensionable and contributory service may be purchased to enhance your pension for periods when you were on a leave of absence from a BC public school board. CCRA also limits the purchase of part-time service to the level actually worked. To constitute a leave, you must return to work with that employer at the end of the leave. The cost of the purchase is determined by the Pension Corporation on application, in writing, from you. The payment deadline is anytime prior to retirement.
Parental leave is available to either parent.
That amount, plus interest, will be the approximate cost of buying a year's leave of absence. If your leave was for part of a year, you will have to prorate the annual contribution. Once you have a cost estimate, you will need to add the accrued interest. Otherwise, use the Fund Earned Rate multiplier for the year in which the leave started. When you pay double your normal contribution, the decision is more difficult.