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.

Data used to calculate 2020 pension increase
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
Total 1,592.6 Total 1,623.4
Monthly Average 132.7 Monthly Average 135.3

Table 1 Notes

Table 1 Note 1

The Consumer Price Index, Statistics Canada. Consumer Price Index: Table 18-10-0004-01, monthly, not seasonally adjusted.

Return to table 1 note 1 referrer

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:

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