Indexing rate: Royal Canadian Mounted Police pension plan

The indexing rate for 2022 is 2.4%.

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 2022.

Data used to calculate 2021 pension increase
2019-2020 Month/Year 2019-2020 Consumer Price Indextable 1 note 1 % 2020-2021 Month/Year 2020-2021 Consumer Price Indextable 1 note 1 %
October 2019 136.6 October 2020 137.5
November 2019 136.4 November 2020 137.7
December 2019 136.4 December 2020 137.4
January 2020 136.8 January 2021 138.2
February 2020 137.4 February 2021 138.9
March 2020 136.6 March 2021 139.6
April 2020 135.7 April 2021 140.3
May 2020 136.1 May 2021 141.0
June 2020 137.2 June 2021 141.4
July 2020 137.2 July 2021 142.3
August 2020 137.0 August 2021 142.6
September 2020 136.9 September 2021 142.9
Total 1,640.3 Total 1,679.8
Monthly average for 2019-2020 136.7 Monthly average for 2020-2021 136.7

Table 1 Notes

Table 1 Note 1

The Consumer Price Index, Statistics Canada. Consumer Price Index: Table 18-10-0004-01, monthly, not seasonally adjusted.

Return to table 1 note 1 referrer

The pension increase (indexing rate) for 2022 is the percentage increase in the monthly average CPI. This is calculated by subtracting the monthly average for the first period (October 2019 to September 2020) from the average for the second period (October 2020 to September 2021), then dividing this amount by the monthly average for the first period and finally multiplying it by 100, as follows:

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