Pension plans
The rules of Canada's large public sector pension plans: when you get a full pension, and what retiring early costs, with an example.
Alberta
Alberta PSPP
Alberta PSPP – Public Service Pension Plan
Full pension: Age 65 · 85 points
ATRF
ATRF – Alberta Teachers' Retirement Fund
Full pension: Age 65 · 85 points
LAPP
LAPP – Local Authorities Pension Plan
Full pension: Age 65 · 85 points
British Columbia
BC Municipal
BC Municipal Pension Plan
Full pension: Age 65
BC Public Service
BC Public Service Pension Plan
Full pension: Age 65
BC Teachers'
BC Teachers' Pension Plan
Full pension: Age 65
Manitoba
TRAF
TRAF – Teachers' Retirement Allowances Fund
Full pension: Age 65 · Age 60 with 10 years of service · 80 points
Ontario
CAAT
CAAT – Colleges of Applied Arts and Technology Pension Plan (DBprime)
Full pension: Age 65 · 85 points · Age 60 with 20 years of service
HOOPP
HOOPP – Healthcare of Ontario Pension Plan
Full pension: Age 60 · 30 years of service
OMERS
OMERS – Ontario Municipal Employees Retirement System
Normal retirement age 65 · Normal retirement age 60: police, firefighters and paramedics
OPB
Ontario PSPP – Public Service Pension Plan
Full pension: Age 65 · Age 60 with 20 years of service · 90 points
OPTrust
OPTrust – OPSEU Pension Plan
Full pension: Age 65 · 90 points · Age 60 with 20 years of service
OTPP
OTPP – Ontario Teachers' Pension Plan
Full pension: Age 65 · 85 points
Quebec
RREGOP
RREGOP – Quebec government and public employees
Full pension: Age 61 · 35 years of service · 90 points from age 60
Saskatchewan
STRP
STRP – Saskatchewan Teachers' Retirement Plan
Full pension: Age 65 · 30 years of service · 85 points from age 55 · Age 60 with 20 years of service
Federal
Canadian Armed Forces
Canadian Armed Forces Pension Plan (Regular Force)
Full pension: 25 years of service · Age 60 with 2 years of service · Age 55 with 30 years of service
Federal public service
Federal PSPP – Public Service Pension Plan
Group 1: joined before 2013 · Group 2: joined 2013 or later
RCMP
RCMP – Royal Canadian Mounted Police Pension Plan (regular members)
Full pension: 25 years of service · Age 60 with 2 years of service