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| Home > Active Member - Life Events > New to the Public Service | ||
Active Member - New to the Public Service |
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  Printable VersionThe Public Service Pension Plan (PSPP) and Group Benefits Plans provide you, as a member, peace of mind for today and for years to come. The following information is intended to provide you with an understanding of your pension and benefits options. |
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You may want to know... |
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Are you eligible to join the PSPP? What does your pension plan include? How is your pension plan governed? Have you worked for the Federal Public Service in the past? What if you had a pension plan with your former employer? Is there a limit to the amount of pensionable service you may accrue? What insurance benefits are available to you? Under the Supplementary Death Benefit (SDB) Plan, whom can you designate as your beneficiary? Under the Public Service Management Insurance Plan (PSMIP), how do you name a beneficiary?
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Are you eligible to join the PSPP?Find out if you are eligible to become a member of the PSPP. |
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What does your pension plan include? |
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Your Pension Plan at a Glance provides a summary of what your plan offers. |
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Your Pension Plan offers more detail. |
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How is your pension plan governed?The Public Service Pension Plan (PSPP) is a legislated pension plan. The main provisions of the PSPP are governed by the Public Service Superannuation Act (PSSA) and the Public Service Superannuation Regulations (PSSR). Further authority is provided under other statutes. |
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Have you worked for the Federal Public Service in the past?You may be eligible to increase your pensionable period of employment, and in some cases, retire sooner by purchasing past pensionable service. If you are eligible for prior service, use the Service Buyback Estimator tool to determine how much purchasing past pensionable service may cost. |
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What if you had a pension plan with your former employer?You may be eligible to transfer your pensionable service from your former employer to the PSPP through a Pension Transfer Agreement (PTA) or through the purchase of past pensionable service (service buyback/elective service). |
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Is there a limit to the amount of pensionable service you may accrue?Yes. You may only accrue up to a maximum of 35 years of pensionable service. This 35-year maximum includes the following types of service: |
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service for which you contributed to the PSPP through deductions from your salary; |
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past service you have purchased; |
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past service you have transferred from another pension plan; |
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pensionable service with certain other federal government pension plans, such as the Canadian Forces pension plan or the Royal Canadian Mounted Police (RCMP) pension plan. |
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| When you reach the maximum of 35 years of pensionable service, your PSPP contribution rate reduces to one percent of your salary. This lower contribution amount ensures your future pension is fully protected from inflation. Although you will not accrue additional years of pensionable service after reaching 35 years, the salary paid to you during this period will be used in the calculation of the best 5 year average salary on which your PSPP pension will be based. | ||
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What insurance benefits are available to you?The following plans may be available to you: |
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Disability Insurance Plan provides a monthly income benefit for
members who are unable to work for a lengthy period of time because of a totally disabling illness or injury. |
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Supplementary Death Benefit Plan (SDB) provides a form of decreasing term life insurance protection, which is
designed to cover members of the PSPP. Coverage begins when you become a member of the PSPP. |
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Public Service Dental Care Plan (DCP) provides
members and their dependants with coverage, up to certain limits, for dental service and supply expenses.
Benefits can be paid after a waiting period of three months from the day you become a member of the DCP. |
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Public Service Health Care Plan (PSHCP) provides optional health care coverage for
members and their eligible dependants. If you wish to join, you must apply by contacting your compensation advisor. |
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Public Service Management Insurance Plan (PSMIP) provides group life insurance, accidental death and
dismemberment insurance, dependants' insurance and long-term disability insurance to members. Members are generally those who are employed in managerial or confidential positions. To determine if you are eligible to enroll in the PSMIP, contact your compensation advisor. |
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More... |
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Under the SDB Plan, whom can you designate as your beneficiary?You may choose one of the following as your beneficiary: |
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any one person 18 or more years of age at the time of designation; |
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your estate or succession; |
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any charitable or benevolent organization or institution; or |
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any educational or religious organization or institution that is supported by donations. |
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| To designate your beneficiary, you must complete the Naming or Substitution of a Beneficiary form (PDF 654KB). |
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Under the PSMIP, how do you name a beneficiary?To designate a beneficiary, you must complete the Public Service Management Insurance Plan form (PDF 70KB). |
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| Last updated: 2007-11-05 | Important Notices |
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