Public Service Pension Plan Canada (PSPP)

The Public Service Pension Plan (PSPP) serves over 80,000 active, deferred and retired members, and is governed by the Public Sector Pension Plans Act and its regulations. PSPP is a defined benefit pension plan. This means that the pension is based on a set formula and not how much you have paid into the Plan. The pension formula takes into account your pensionable salary and years of service, so the longer you contribute to the Plan and the higher your salary, the larger your pension will be.