How pension contributions work
You contribute to your pension through automatic payroll deductions. Your employer also contributes to your pension.
How much do I contribute?
As an active member, you contribute to your pension through automatic deductions from your pay. If you have reached 35 years of pensionable service, you will no longer contribute to the plan; if you are on a long-term disability leave, you may no longer be contributing. However, you are an active plan member until you leave your job or retire.
Contribution rates for regular members and ambulance paramedics are calculated using a single flat rate. Effective April 1, 2022, the contribution rate for correctional members is integrated with the year’s maximum pensionable earnings (YMPE).
|Type of membership||Member contributions|
(on or after April 1, 2018)
(on or after April 1, 2022)
|8.25% for earnings up to YMPE
8.95% for earnings above YMPE
(on or after August 1, 2018)
Your contribution includes a portion (1.25 per cent) that is transferred to a fund called the inflation adjustment account. This account is used to pay for annual inflation adjustments that may be added to monthly pension benefits. Inflation adjustments are not guaranteed, but once granted, they become part of your basic pension benefit.