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Paid by members:

• 9.35% of pensionable salary and allowances up to Yearly Maximum Pensionable Earnings (YMPE)^{table 1 note *}
• 12.25% of pensionable salary and allowances over YMPE^{table 1 note *}

The RCMP pension formula includes 2 portions:

• the lifetime pension is paid to the member and
• the bridge benefit that is paid from the date the pension begins until the end of the month the member reaching age 65, or ends earlier if the member begins receiving disability benefits from Canada or Quebec Pension Plan (CPP or QPP).

Both the lifetime pension and the bridge benefit use the member’s highest average salary (HAS = average salary of the best five consecutive years of pensionable earnings), the member’s total years of eligible pensionable service (to a maximum of 35 years) and the average of the year’s maximum pensionable earnings^{table 1 note **} (AMPE) for the year of retirement and four prior years. Please refer to annexe Basic Pension Formula table for full details.

On January 1 of every year, the lifetime pension and bridge benefit, if applicable, are subject to a cost-of-living adjustment to take into account increases in the Consumer Price Index (CPI). If the change in the CPI is negative or zero, the pension adjustment is zero for that given year. There is no maximum cap for the indexing.

The indexing accumulates from the year of termination and starts to be paid at the earliest of when:

• The member reaches age 60
• The member is between 55 and 59 years old with age and complete years of pensionable service adding up to 85

An immediate unreduced pension is payable at:

• Any age with 25 years of service in the Force
• Age 60 with 2 or more years of service in the Force

A member is eligible to receive an immediate annuity (unreduced pension) at any age if they:

• discharged from the Force by reason of having become disabled,
• have at least 2 years of pensionable service, and
• meet the definition of disabled,

The immediate annuity is calculated using the member’s eligible accrued pensionable service. The indexation is paid as of January 1 following the year of discharge due to disability.

As long as an RCMP member has not transferred their pension out of the RCMP Pension Plan, a survivor benefit may be payable and would be based on years of service of the member, outlined as follows:

Less than 2 years of pensionable service:

• Refund of the plan member’s contributions with interest, payable to the survivor and any eligible children
• If no survivor or children, to the designated beneficiary (or estate if no beneficiary).

2 or more years of pensionable service the eligible survivor and children are entitled to an immediate pension.

• Survivor pension = 1% x HAS x member’s pensionable service, payable for the spouse’s lifetime
• Children pension = 1/5 of survivor pension per child to a maximum of 4/5^{table 1 note ***}, payable until age 18 (or 25 if full-time student)
• If no eligible survivor or children, a lump sum equal to the greater of the member’s contributions plus interest or five years of unreduced pension (minus any pension already paid), payable to the designated beneficiary (or estate if no beneficiary)

The Survivor Income Plan (SIP) provides for the maintenance of income for the survivors of a serving RCMP member, whose death was related to duty, at a level comparable to when the member was still living. The SIP is non-taxable and is equal to the net pensionable salary and allowance (or net pension at age 60) that the deceased member would have received and the total survivor benefits payable under the:

• RCMP Superannuation Act
• CPP or QPP
• Pension Act

1. Deferred Annuity payable at age 60
2. Transfer Value (also called Commuted Value)