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:

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.

Monthly evolution of the Consumer Price Index (CPI)
Month/Year CPISee table 1 note * % Month/Year CPISee table 1 note * %

Table 1 Notes

Table Note *

Statistics Canada. Table 18-10-0004-01 Consumer Price Index, monthly, not seasonally adjusted

Return to table note * referrer

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

Page details

From:

2025-12-05