Pensions

The latest version (2019) of the PSAC publication, “Retiring from the Public Service of Canada: Some Useful Tips” is now available. 

Although DND civilian firefighters perform similar and often additional duties when compared to their municipal counterparts, they have been denied a fair and equitable retirement regime.

he key objective of any pension system is to provide decent, secure and predictable pensions. Any conversion of defined benefit to target benefit plans will not achieve this objective.

Treasury Board has announced that, due to ongoing Phoenix pay system problems, the Public Service Pension and Insurance Benefits Statements will not be issued this year.

We are happy to invite resolutions for the upcoming PSAC Prairies Regional Women's Conference, June 11-12, in Winnipeg, Manitoba.   RESOLUTIONS submission deadline is Wednesday June 1, 2016 by 12 noon (Manitoba time)   CLICK HERE for a PDF version of the text below.  

PSAC Prairies held the second webinar in our Webinar Wednesday series on February 11. The webinar, titled Retirement Revolution, outlined the current pensions landscape in Canada, including CPP, the attack on pensions and labour’s response.

Retirement security is an issue that affects everyone. Whether you’re new to the workforce or close to retiring, have a pension or are relying on CPP, this month’s free webinar is one you won’t want to miss!

The Public Service Pension Investment Board (PSPIB) released its annual report, examining the pension fund’s performance as of March 31, 2014. It concluded that the pension plan for federal government employees posted strong returns of 16.3% for the last fiscal year. These results were much better than the benchmark policy portfolio return of 13.9 %. 

The Conservative government has just finished a consultation process about their proposal to change the federal Pension Benefits Standards Act to include target benefit pension plans. They’re enthusiastic about this type of pension plan which is a good reason to pay attention.

The Conservative federal government has launched an unprecedented attack on the retirement security of all Canadians. Their proposal is to push target benefit pension plans on federally-regulated workers that have defined benefit plans.