A pension offers financial security by providing steady income and peace of mind during retirement. While defined contribution (DC) plans are common in Canada, they are less reliable compared to defined benefit (DB) plans. DB plans guarantee retirees a predictable income for life, offering stability and protection throughout their retirement.

For two years, former Treasury Board President Anita Anand promised that government spending cuts wouldn’t harm the services families depend on – but those promises keep falling short.

PSAC will soon hold a vote for members of the Treasury Board Operational Services (SV) bargaining group to choose the dispute resolution process for the next round of bargaining. Members will decide whether to keep the current conciliation/strike process or switch to interest arbitration. SV members in good standing are eligible to vote.