A key government program designed to help older forestry workers transition into retirement has officially closed after assisting more than 2,200 individuals since its inception in 2019. The Bridging to Retirement Program, launched in response to economic challenges in the forestry sector, has distributed over $92 million in funding, helping affected workers retire early while opening up job opportunities for younger employees, according to the government. The program, which began in October 2019, reached capacity and officially ceased intake on February 26, 2025. Initially funded with $40 million, the program was later expanded to $50 million and renewed in 2021 with a three-year funding commitment. Eligible workers aged 55 and older were provided with financial support of up to $75,000 each, based on their experience and employer contributions. …When first announced in 2019, the provincial government pledged $69 million in forestry support programs to mitigate job losses, strengthen community resilience, and promote economic recovery. …While the program has concluded, new concerns loom over the B.C. forestry sector.
Addition coverage from the BC Ministry of Labour: Bridging to Retirement Program update