Pensions

July 15

Benefits in the event of separation or a divorce

In the event of a divorce/separation or a permanent conclusion to a relationship of a conjugal nature, the superannuation benefit entitlements accrued by a PSSA participant during the course of a marriage or period of cohabitation in a relationship of a conjugal nature may be divided in accordance with the provisions of the Pension Benefits Division Act (PBDA).

July 15

Prestations en cas de séparation ou de divorce

Dans les cas de divorce, de séparation ou de la fin d’une union de type conjugal, les prestations de retraite accumulées par une cotisante ou un cotisant au titre de la LPFP durant le mariage ou pendant la période de cohabitation dans une union de type conjugal peuvent être partagées conformément aux dispositions de la Loi sur le partage des prestations de retraite (LPPR).

July 16

Prestation au survivant

 

July 15

Survivor Benefits

In the event of the death of a PSSA contributor, the survivor and children become entitled to an immediate allowance.

September 19

Indexation

La prestation de retraite de base augmente chaque année, en janvier, pour compenser l’augmentation de l’indice des prix à la consommation (IPC).

Comme le montre le tableau 2, les rajustements d’indexation apportés depuis 1970 – année pendant laquelle la LPRS est entrée en vigueur – ont servi à protéger les prestations de retraite contre l’inflation.

September 19

Indexation

Basic superannuation benefit entitlements are increased each January to compensate for increases in the Consumer Price Index (CPI).

As illustrated in Table 2, the indexation adjustments since 1970, when the SRBA first came into force, have served to protect the value of superannuation benefit payments against inflation.

Indexation starts on the first of January of the year after someone retires.The first indexation adjustment is prorated to the number of full months of the previous year after the person retired.

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