PSPP
Public Service Pension Plan
In plain English
The federal public service pension. A defined benefit plan — the payout is based on your salary and years of service, not on markets.
Where you’ll see it
Benefits and retirement planning. The rules differ depending on whether you joined before or after 1 January 2013.
Related acronyms
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Important
GC Simplified is an independent tool, not affiliated with or endorsed by the Government of Canada, and it does not provide official advice. Plain language is an interpretation, and interpretations can be wrong. Always verify against the source and your organization’s own guidance before acting.