Pension contribution rates effective January 1, 2017 for the three major public sector pension plans
As of , pension contribution rates for members of the public service, the Canadian Armed Forces–Regular Force and the Royal Canadian Mounted Police pension plans will be increasing to reflect the Government of Canada's movement towards a more balanced cost-sharing ratio.
Plan members contribute a percentage of salary to the public sector pension plans through payroll deductions. The contribution rates tables below show what the rates are for 2016 and 2017.
Contribution rates table AFootnote * below applies to the following plan members:
- Public service pension plan members who were participating in the plan before ;
- Public service pension plan members with operational service with Correctional Services of Canada (employees who participate in the plan before and after );
- Canadian Armed Forces–Regular Force pension plan members (Part I); and
- Royal Canadian Mounted Police pension plan members.
| On your salary… | In 2016, you contributed… | In 2017, you will contribute… |
|---|---|---|
| On earnings up to the maximum covered by the Canada/Quebec Pension Plan ($55,300 in 2017) | 9.05% | 9.47% |
| On earnings over the maximum covered by the Canada/Quebec Pension Plan | 11.04% | 11.68% |
Contribution rates table BFootnote * below applies to public service pension plan members who began participating in the plan on or after .
| On your salary… | In 2016, you contributed… | In 2017, you will contribute… |
|---|---|---|
| On earnings up to the maximum covered by the Canada/Quebec Pension Plan ($55,300 in 2017) | 7.86% | 8.39% |
| On earnings over the maximum covered by the Canada/Quebec Pension Plan | 9.39% | 9.94% |
Why are the contribution rates in table A different than those in table B?
Employees who become public service pension plan members on or after , are eligible for an unreduced pension at age 65. These plan members pay lower contribution rates because they must generally wait 5 years longer before they can access a retirement benefit (i.e. they receive a benefit that has a lower overall cost and therefore do not pay as much as those who are eligible to an unreduced pension at age 60).
For more information about contribution rates, visit the Contribution rates page within the Active members audience of this website.
More information about the public service pension plan is available on the Pension and benefits page.
More information about the Canadian Armed Forces Pension is available on the National Defence and the Canadian Armed Forces website.
More information about the Royal Canadian Mounted Police pension plan is available on Your RCMP Pension and Benefits website.