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Pension Formula

​Five-year average pensionable sa​​lary, 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 the following:

2.0% of Five-Year Average Pensionable Salary

multiplied by 

Pensionable Service before 1966


1.4% of Five-Year Average YMPE

multiplied by​

Pensionable Service after 1965


2.0% of Five-Year Average Pensionable Salary 

Above the Average YMPE

multiplied by 

Pensionable Service after 1965​

Tip: You may use ​MyPension to estimate your ​pension.

What is Pensionable Service?

  • Service for which contributions were deducted
  • Service accrued during a period of disability which began on or after September 1, 1992
  • Service purchased through ATRF and service transferred from another pension plan under a reciprocal transfer agreement 

NOTE: If you have received a termination benefit (any form of lump-sum payment from ATRF) or you previously transferred your service to another registered pension plan, the pensionable service associated with that benefit is no longer to your credit.

See "Pensionable Service," as defined in the Glossary or view Purchas​ing Service, Changing Employment and Becom​ing Disabled​ for more information about pensionable service. 

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. If you contribute under a part-time contract, your pensionable salary will be annualized to a Full-Time Equivalent to calculate your Five-Year Average Pensionable Salary. Usually, your highest average pensionable salary occurs at the end of your career.

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.

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