Indexing rate – Retired members – Pension
The indexing rate effective January 1, 2026, is 2.0%.
Indexation
The indexing of public service pension plan benefits is governed by two pieces of legislation; the Public Service Superannuation Act and the Supplementary Retirement Benefits Act.
Indexation ensures that your pension will be protected from losing its value because of inflation or increases in the cost of living.
Rate calculation
Consumer Price Index (CPI) data published by Statistics Canada is used each year to calculate pension increases for retired members and their survivors. The index used for the calculation is the CPI for Canada for all items (not seasonally adjusted).
The increase for 2026 is calculated by completing the following 2 steps:
| Step | Calculation instructions | Calculation |
|---|---|---|
| 1. | Subtract the monthly average for the first 12-month period (October 2023 to September 2024) from the monthly average for the second 12-month period (October 2024 to September 2025). | 163.3 – 160.1 = 3.2 |
| 2. | Divide the result by the monthly average for the first period and multiply it by 100. | (3.2 ÷ 160.1) x 100 = 2.0% |
Note: The calculation does not include the monthly increases for the last three months of the previous year (October to December). These rates will be incorporated in the following year’s calculation.
The following data were used to calculate the 2026 pension increase.
| Month/Year | CPISee table 1 note * % | Month/Year | CPISee table 1 note * % |
|---|---|---|---|
Table 1 Notes
|
|||
| October 2023 | 158.6 | October 2024 | 161.8 |
| November 2023 | 158.8 | November 2024 | 161.8 |
| December 2023 | 158.3 | December 2024 | 161.2 |
| January 2024 | 158.3 | January 2025 | 161.3 |
| February 2024 | 158.8 | February 2025 | 163.0 |
| March 2024 | 159.8 | March 2025 | 163.5 |
| April 2024 | 160.6 | April 2025 | 163.4 |
| May 2024 | 161.5 | May 2025 | 164.3 |
| June 2024 | 161.4 | June 2025 | 164.4 |
| July 2024 | 162.1 | July 2025 | 164.9 |
| August 2024 | 161.8 | August 2025 | 164.8 |
| September 2024 | 161.1 | September 2025 | 164.9 |
| Total | 1,921.1 | Total | 1,959.3 |
| Monthly Average | 160.1 | Monthly Average | 163.3 |