Retiring from the Public Service of Canada - Tips and information for PSAC members - Group 2 - Sixth Edition 2019

Oct 6, 2026

Uploaded by dabgoudw

A sixth-edition 2019 guide that explains retirement benefits and planning for PSAC Group 2 members hired on or after January 1, 2013. It covers how pension benefits are calculated, available retirement options, disability and lay-off pathways, limits on pensionable service, and indexation. It also details integration with C/QPP bridge benefits, survivor benefits, divorce or separation benefit division, required documentation, pre-retirement transition leave, and key pre- and post-retirement program information affecting payments and coverage.

LanguageEnglish

CategoryHealthcare

FormatPDF

Pages53

Reading Time2 h 14 min

AccessFree to download

Federal Superannuation in a Nutshell

Benefit calculation

Retirement options

Planning for Retirement

Verification and documentation

Pre-retirement transition leave policy

Important Information for Impending Retirement

Severance, leave credits, and health plans

Retirement payments and insurance

Post-Retirement Considerations

Federal pension processing and re-employment

RETIRING FROM THE PUBLIC SERVICE OF CANADA Tips and information for PSAC members Group 2 This guide is for members hired on or after January 1, 2013 (Group 2). There is a separate guide for members hired before that date (Group 1). Sixth Edition / 2019 Table of Contents 1. FEDERAL SUPERANNUATION IN A NUTSHELL .............................3 1.1 Benefit calculation ..................................................3 1.2 Retirement options .................................................4 Return of contributions ..............................................4 Immediate annuity .................................................. 4 Deferred annuity and annual allowance .................................6 Transfer value ...................................................... 8 1.3 Retirement due to disability ..........................................8 Leave without pay due to illness/injury ..................................9 Disability benefits ..................................................9 1.4 Lay-off pursuant to work force adjustment programs ..................... 10 1.5 Operational Service Employees of CSC ................................ 10 Special retirement options........................................... 11 1.6 Limitations on accrual of pensionable service and participation in the PSSA ... 12 35 years pensionable service ......................................... 12 Age 71 .......................................................... 12 1.7 Indexation........................................................ 13 1.8 Integration with C/QPP (bridge benefit) ................................ 16 Background ...................................................... 16 Recent changes to the C/QPP ........................................20 C/QPP reduction formula (bridge benefit) ..............................20 1.9 Survivor benefit and child allowance ................................... 21 Survivor benefit ...................................................21 Surviving child allowance ............................................ 22 Payment of benefits ................................................ 23 Minimum benefit (no survivor or children) ..............................23 1.10 Benefits in the event of separation or divorce ...........................24 Division of benefits ................................................24 Tips and information-6th Edition I Group 2 2. PLANNING FOR RETIREMENT .........................................25 2.1 Verification of length of full/part-time pensionable service .................25 2.2 Elective pensionable service and pension transfer agreements .............25 Elective service ...................................................25 Pension transfer agreements......................................... 26 2.3 Personal documentation ............................................26 Proof of age of contributor ..........................................26 2.4 Pre-retirement Transition Leave Policy .................................27 3. IMPORTANT INFORMATION FOR IMPENDING RETIREMENT ...............28 3.1 Severance pay ....................................................28 Transfer to an RRSP ................................................ 28 3.2 Annual and compensatory leave credits ................................28 3.3 Sick leave credits ..................................................29 3.4 Public Service Health Care Plan ......................................29 At least six years of pensionable service................................29 Less than six but at least two years of pensionable service .................29 3.5 Public Service Dental Care Plan (PSAC) and Pensioners’ Dental Services Plan ..30 Public Service Dental Care Plan (PSAC) ................................30 Pensioners’ Dental Services Plan (PDSP) ................................ 31 3.6 PSSA elective service payments .............

FAQs

Who is this guide for, and what is the Group 2 eligibility date?

The guide is for PSAC members hired on or after January 1, 2013 (Group 2). A separate guide exists for members hired before that date (Group 1).

What pension and retirement options does the guide cover?

It covers benefit calculation and retirement options including return of contributions, immediate and deferred annuities with annual allowance, transfer value, and retirement due to disability. It also includes lay-off options and other special retirement options.

Which health-related programs and credits are addressed before retirement?

It explains important information for impending retirement, including the Public Service Health Care Plan, Public Service Dental Care Plan, and related leave credits such as sick leave credits, along with details on eligibility by length of pensionable service.

Oct 6, 2026

Uploaded by dabgoudw