Pension Formula

Five-year Average Pensionable Salary, Pensionable Service and Five-year Average YMPE are used in the following formula to calculate your pension. Your pension at retirement before any applicable reductions will be equal to

2.0% of Five-year Average Pensionable Salary
times
Pensionable Service Before 1966

plus

1.4% of Five-Year Average YMPE
times
Pensionable Service After 1965

plus

2.0% of Five-year Average Pensionable Salary
Above the Average YMPE
times
Pensionable Service after 1965

You may use the Pension Calculator to estimate your pension.

Pensionable Service is:

service for which ATRF contributions were deducted
service accrued while disabled from September 1, 1992
service purchased through ATRF
service transferred from another pension plan under a reciprocal transfer agreement and which has not been withdrawn.

See the Glossary, Purchasing Service, Transferring Service Between Pension Plans and If You Become Disabled for more information on Pensionable Service.

Five-year Average Pensionable Salary

Your Five-year Average Pensionable Salary is the average of your Pensionable Salary in the five consecutive years of Pensionable Service when your Pensionable Salary was the highest. Usually, your highest average Pensionable Salary occurs at the end of your career.

Five-year Average YMPE

Your Five-year Average YMPE is the average of your annual earnings covered by the Canada Pension Plan (CPP) for the same years as your highest average salary.