Information regarding Canada Pension Plan enhancements and the Public Service Superannuation Plan

Enhancements to the Canada Pension Plan (CPP) were announced by the federal government in 2016. These changes commenced to be implemented in 2019. Implementation will continue until 2025.

Since PSSP pension benefits are integrated with those payable under the CPP, the CPP changes and their impact on the integration of PSSP and CPP benefits have been under study by the PSSP Trustee for some time.

The PSSP Trustee anticipates deciding, sometime in the first half of 2021, whether adjustments should be made to the PSSP in response to the CPP changes. That decision will be communicated when made.

For more information, the PSSP Trustee has made available a Discussion Paper that strives to set out the key aspects of the matter. You can view it here on our website.