CPP/QPP Integration
| 0.7% |
X |
Years of pensionable service |
X |
The lesser of the following two amounts:
AMPE for 5 years prior to your retirement
or
Average salary of 5 consecutive years of highest-paid service |
Note: that the CPP sets the yearly maximum pensionable earnings (YMPE) and the average of the YMPE (AMPE) for the five years preceding retirement is
used in the calculation of the reduction at age 65 (or earlier if a disability pension is paid by the CPP/QPP).
|
