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.

Data used to calculate 2019 pension increase
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
Total 1,558.2 Total 1,592.6
Monthly Average 129.9 Monthly Average 132.7

Table 1 Notes

Table 1 Note 1

The Consumer Price Index for Canada, September 2018, Statistics Canada. Table 18-10-0004-01 Consumer Price Index, Monthly, not seasonally adjusted.

Return to table 1 note 1 referrer

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:

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