Treasury Board of Canada Secretariat
www.tbs-sct.gc.ca
Federal Public Service Pension Plan at a Glance
If there is a discrepancy between any printed version and the electronic
version of this document, the electronic version will prevail.
Legislation
- The Public Service Superannuation Act (PSSA) governs the pension plan for employees of the Public Service of Canada
Funding
- The Plan is funded from contributions of the employer (Government of Canada) and plan members
- Since April 1, 2000, contributions are invested in the financial markets
Operations
- Minister responsible for the plan: President of the Treasury Board
- Administrator of the plan: Minister of Public Works and Government Services Canada
- Publication: the booklet Your Pension Plan describes the main provisions of the plan
- A report on the public service pension plan is published each year and is posted on the TBS Web site
Membership/Contributions
- Employees appointed on an indeterminate basis (minimum 12 hours per week) or for terms of more than six months start participating in the plan from the beginning of their employment; term employees (six months or less) begin after completing six months of continuous employment
- The contribution rates for active plan members of the public service pension plan for 2011 and 2012 are as follows:
| Description | 2011 | 2012 |
|---|---|---|
| On earnings up to maximum covered by the CPP/QPP | 5.8% | 6.2% |
| On any earnings over the maximum covered by the CPP/QPP | 8.4% | 8.6% |
