What is the year's maximum pensionable earnings?

The year's maximum pensionable earnings is an amount set by the federal government. Find out how it may affect your pension.

Each year, the federal government sets the year’s maximum pensionable earnings (YMPE). This is the maximum salary amount on which you need to contribute to the Canada Pension Plan.

For pensionable service earned on or after April 1, 2018, we will no longer use YMPE to calculate your annual contribution to the plan. Instead, your contribution will be based on a single rate.

For pensionable service earned before April 1, 2018, we use YMPE in our formula to calculate your annual contribution to BC's Public Service Pension Plan.

2020 $58,700
2019 $57,400
2018 $55,900
2017 $55,300
2016 $54,900
2015 $53,600
2014 $52,500

IMPORTANT plan changes:

Board Communique: March 16, 2018