Canadian Government Pension Plans for Retiring Lighthouse Keepers

All Canadian government employees who are eligible for retirement are eligible for:
The Public Service Pension Plan (PSPP)
Canada Pension Plan (CPP)
Old Age Security (OAS) pension at age 65

You are entitled to a Public Service pension (immediate annuity), if you retire:(source)

  • at or after age 60 with two (2) or more years of pensionable service; or
  • at or after age 55 with 30 or more years of pensionable service.

A Public Service pension is calculated according to the following basic pension formula:(source)

2 per
cent

 X 

number of years of
pensionable service

 X 

your average salary for the five
consecutive years of your highest-paid
service

 

Maximum Pension Payable To You Is ONLY For 35 Years Which Equals 70%.

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