Indexing rate: Royal Canadian Mounted Police pension plan
The indexing rate for 2019 is 2.2%.
The indexing (pension increase) of Royal Canadian Mounted Police pension plan benefits is governed by the Royal Canadian Mounted Police Superannuation Act (RCMPSA) and the Supplementary Retirement Benefits Act (SRBA).
Pension increases for retired members and their survivors are calculated each year using Consumer Price Index (CPI) data published by Statistics Canada. In accordance with the SRBA, the increase is based on a comparison of the CPI average for the 12-month period ending September 30 to the same period in the previous year. The rates for the last 3 months of the year will be included in next year’s calculation. The calculation of the increase is payable from January.
|Month/Year||CPItable 1 note 1 %||Month/Year||CPItable 1 note 1 %|
|October 2016||129.1||October 2017||130.9|
|November 2016||128.6||November 2017||131.3|
|December 2016||128.4||December 2017||130.8|
|January 2017||129.5||January 2018||131.7|
|February 2017||129.7||February 2018||132.5|
|March 2017||129.9||March 2018||132.9|
|April 2017||130.4||April 2018||133.3|
|May 2017||130.5||May 2018||133.4|
|June 2017||130.4||June 2018||133.6|
|July 2017||130.4||July 2018||134.3|
|August 2017||130.5||August 2018||134.2|
|September 2017||130.8||September 2018||133.7|
|Monthly Average||129.9||Monthly Average||132.7|
Table 1 Notes
The pension increase for 2019 is calculated by subtracting the monthly average for the first period (October 2016 to September 2017) from the monthly average for the second period (October 2017 to September 2018). The amount is then divided by the monthly average for the first period and finally multiplied by 100, as follows:
- 132.7 - 129.9 = 2.8
- (2.8 ÷ 129.9) × 100 = 2.2% (indexing rate for 2019)
- Date modified: