The Treasury Board of Canada Secretariat has posted the revised pension contribution rates that will come into effect January 1, 2021 and should be reflected on the first pay in January.
The rate change applies to members of the public service pension plan, Regular Armed Forces members of the Canadian Armed Forces pension plan and members of the Royal Canadian Mounted Police pension plan.
I recommend that you take a moment to review the changes on the pension contribution rates web page.
Don’t forget to subscribe to the new pension and benefits email notification system to receive general information about the public service pension and benefit plans, such as changes to contribution rates.
Assistant Deputy Minister
Pensions and Benefits Sector
Office of the Chief Human Resources Officer
Treasury Board of Canada Secretariat