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PWGSC TPSGC 2486 Application for Division of a Public Tpsgc Pwgsc Gc  Form

PWGSC TPSGC 2486 Application for Division of a Public Tpsgc Pwgsc Gc Form

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The public service pension plan is a defined benefit pension plan, meaning it is a registered plan that promises its members a pension based on salary and years of pensionable service. The plan also provides a pension for the survivors in the event of the plan members death. Membership is mandatory for all eligible employees and contributions to the plan are made jointly by plan members and the employer, the Government of Canada. Because the Public Service Pension Plan is coordinated with the Canada and Quebec Pension Plans (CPP and QPP) you contribute to the public service pension plan at two different rates. You contribute at a lower rate on your salary up to the Yearly Maximum Pensionable Earnings (YMPE) and at a higher rate on the portion of your salary that exceeds the YMPE. The YMPE is an amount that is predetermined by the CPP. The number of years of service you can count under the pension plan is known as pensionable service. It includes service paid by current deductions from

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