Pension transfer agreements package—Royal Canadian Mounted Police pension
Pension transfer agreements (PTA) provide another way of adding eligible prior service to increase your Royal Canadian Mounted Police (RCMP) pension.
Transfer of your accumulated pension to the Royal Canadian Mounted Police pension plan
You may be eligible to transfer your pensionable service credit to the RCMP Pension plan if:
- You are a participant in the RCMP pension plan, and;
- A PTA has been negotiated between the RCMP and your former employer. A PTA may allow you to have the actuarial value of pension benefits earned under your former employer’s pension plan transferred to the RCMP pension plan.
- For some PTAs, if you are eligible to apply for a pension benefit with your former employer, you need to contact that former employer to determine your ability to transfer your pension credits through a PTA.
As such, it is important to note that the acquired pension credits under the RCMP Pension plan, as a result of the transfer, may not be equivalent to the previous employer's pension credits. For example, if you had 10 years worth of pensionable service credits with your previous employer, the value transferred in to your RCMP pension may be less than 10 years of pensionable service credits. This may occur when the benefit formula under your previous employer's pension plan was lower than the one under the RCMP Pension plan.
If you are currently a member of the RCMP pension plan and wish to inquire about a PTA with your previous employer, please contact the Government of Canada Pension Centre. Requests for pension transfers must be made within the period stated in the agreement. This can vary depending on the agreement, but it is usually one year.
Civilian Members (CMs) can increase pensionable service through a PTA as a member of the RCMP Pension Plan until such time as deeming occurs on May 21, 2020.
Required steps to transfer your accumulated pension to the Royal Canadian Mounted Police pension plan
If a PTA exists with your former employer and you wish to initiate a process to transfer pension credits to your RCMP pension plan, you must contact the Pension Centre and they will send you a letter with the applicable forms and instructions. The process is as follows:
- You will complete and sign a form requesting an estimateFootnote * for transfer. This request is sent to both the RCMP and your former employer.
- You will be advised of the amount of funds available for transfer from your former employer, and how much service those funds would purchase under the RCMP Pension plan.
- If you decide to transfer the funds from your former employer, you will be required to submit a "Request for transfer" form which will be provided to you along with the estimate.
- The funds will then be transferred from your former employer.
- If applicable, an estimate of the cost to purchase the period of service not covered by the transfer will be provided to you, should you wish to purchase it.
Make sure you carefully examine your pension benefit options before making a decision to transfer your pension credits. This may include examining the provisions and benefits of your previous employer’s plan and comparing them to those of the RCMP pension plan. Factors such as health and dental care coverage available at retirement should also be examined.
Transfer of your accumulated Royal Canadian Mounted Police pension to another plan
If you leave the RCMP for another employer, you may be eligible to transfer your pension accumulated under the RCMP pension plan to your new employer’s pension plan under general portability rules or a Pension Transfer Agreement, provided that that employer has entered into such an agreement with the Government of Canada.
It is important to note that you can only transfer your accumulated pension credits if you have not received any pension benefit from the RCMP Pension Plan (for example a transfer value or an immediate annuity). If you left the RCMP and were eligible for an immediate annuity, you may not be able to transfer pension credits through a PTA, depending on the terms of the applicable PTA. You are encouraged to confirm your eligibility with your current employer’s pension plan.
When you opt for a pension transfer, you approve the transfer of not only your accumulated pension under the RCMP pension plan, but also those amounts payable under the Retirement Compensation Arrangement, if applicable. Most employers outside of the RCMP do not have a Retirement Compensation Arrangement. In this case, the Retirement Compensation Arrangement portion of your pension benefit is paid directly to you, and you must pay income tax on the amount received.
Before requesting a pension transfer, examine the provisions and benefits of your new employer’s plan and compare them to those of the RCMP pension plan to determine if it is in your best interest to transfer your pension credits, rather than opting for a deferred annuity under the RCMP Pension Plan for example. Factors such as health and dental care coverage available at retirement should be carefully examined. Make sure you examine your pension options carefully before making your decision.
List of recognized pension transfer agreements
The RCMP may enter into Pension Transfer Agreements with employers who meet certain requirements established by the RCMP Superannuation Act.
The following table lists employers with which Pension Transfer Agreements have been concluded as well as the effective dates. For details on Pension Transfer Agreements, contact the Government of Canada Pension Centre.
|Name of employer||Effective date|
|Retraite Québec , including the following plans:
||December 12, 2018|
|Retraite Québec, including the following plans:
||December 12, 2018|
|Retraite Québec (Sûreté du Québec)||July 4, 2019|
|Alberta Special Forces Pension Plan (SFPP)—includes the following municipal police forces in Alberta: Calgary, Camrose, Edmonton, Lacombe, Lethbridge, Medicine Hat and Taber||July 4, 2019|
|Province of British Columbia (Board of Trustees for the British Columbia Municipal Service Pension Plan)||August 9, 2019|
If a PTA between the RCMP and your previous or new employer does not exist, inform them that if they wish to initiate PTA negotiations, they must write to the RCMP Pension transfer agreement Unit confirming that:
- they are interested in entering into a PTA with the RCMP
- their plan is registered under the Income Tax Act
- they have at least ten active members
The address for the RCMP Pension Transfer Agreement Unit is:
RCMP Pension Transfer Agreement Unit
RCMP Pension Services
73 Leikin Drive Mailstop #31
Ottawa ON K1A 0R2
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