Contribution rates for Regular Force members of the Canadian Forces pension plan and the Royal Canadian Mounted Police pension plan
Since 2006, employee contribution rates for the public service pension plan, for Regular Force members of the Canadian Forces pension plan and the Royal Canadian Mounted Police pension plan have gradually been increasing to reflect the Government of Canada’s movement towards a more balanced cost-sharing ratio. Budget 2012 announced that contribution rates will continue to increase over time.
The Canadian Forces Superannuation Act, the Royal Canadian Mounted Police Superannuation Act and the Public Service Superannuation Act have been amended to allow the increase in contribution rates and the contribution rates will increase beginning in January 2013 for Regular Force members of the Canadian Forces and members of the Royal Canadian Mounted Police.
The following table sets out plan member contribution rates that will apply, starting in 2013.
|On earnings up to the maximum covered by the Canada/Quebec Pension Plan||6.85%||7.50%||8.15%|
|On any earnings over the maximum covered by the Canada/Quebec Pension Plan||9.20%||9.80%||10.40%|
The contribution rates for 2016 and 2017 are not yet available. Once established, the rates will be confirmed and communicated prior to and .
The contribution rates will drop to 1% of salary for plan members who have reached the maximum of 35 years of pensionable service.
More information about the Canadian Forces Pension is available on the National Defence and the Canadian Forces Web site.
More information about the RCMP pension plan is available on the RCMP Pension Web site.
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