Indexing rate: Royal Canadian Mounted Police pension plan
The indexing rate for 2020 is 2.0%.
The indexing (pension increase) of Royal Canadian Mounted Police pension plan benefits is governed by the Royal Canadian Mounted Police Superannuation Act (RCMPSA) and the Supplementary Retirement Benefits Act (SRBA).
Pension increases for retired members and their survivors are calculated each year using Consumer Price Index (CPI) data published by Statistics Canada. In accordance with the SRBA, the increase is based on a comparison of the CPI average for the 12-month period ending September 30 to the same period in the previous year. The rates for the last 3 months of the year will be included in next year’s calculation. The calculation of the increase is payable from January.
|Month/Year||CPItable 1 note 1 %||Month/Year||CPItable 1 note 1 %|
|October 2017||130.9||October 2018||134.1|
|November 2017||131.3||November 2018||133.5|
|December 2017||130.8||December 2018||133.4|
|January 2018||131.7||January 2019||133.6|
|February 2018||132.5||February 2019||134.5|
|March 2018||132.9||March 2019||135.4|
|April 2018||133.3||April 2019||136.0|
|May 2018||133.4||May 2019||136.6|
|June 2018||133.6||June 2019||136.3|
|July 2018||134.3||July 2019||137.0|
|August 2018||134.2||August 2019||136.8|
|September 2018||133.7||September 2019||136.2|
|Monthly Average||132.7||Monthly Average||135.3|
Table 1 Notes
The pension increase for 2020 is calculated by subtracting the monthly average for the first period (October 2017 to September 2018) from the monthly average for the second period (October 2018 to September 2019). The amount is then divided by the monthly average for the first period and finally multiplied by 100, as follows:
- 135.3 - 132.7 = 2.6
- (2.6 ÷ 132.7) × 100 = 2.0% (indexing rate for 2020)
- Date modified: