Pension payments

Learn about monthly and lump-sum pension payments, as well as pension payment dates and exchange rates.

Monthly pension payments

If you choose to receive a monthly pension payment, it will be deposited directly to your bank account.

What are the pension payment dates?

Find out when we deposit your payment into your bank account, and see the U.S.–Canada exchange rates we’ve used for retired members living in the United States.

Lump-sum pension payments

You may be able to receive a lump-sum payment in lieu of a monthly pension. Here’s what you need to know about eligibility, tax considerations and more.

Adjusting for inflation

Your monthly pension payment may increase to reflect increases in the cost of living.

Inflation adjustment history

Inflation adjustments, if granted, become effective January 1 of each year.

The plan recently announced changes, effective October 1, 2019, that may affect you if you have service between April 1, 2006 and March 31, 2018, inclusive. For more information, see the Board Communique: March 16, 2018.

IMPORTANT plan changes:

Board Communique: March 16, 2018