Calculating Your Monthly Pension
The amount of the monthly pension benefit you will receive is based on the following formula:
- 1.5% of your highest average earnings up to the Canada Pension Plan’s Year’s Maximum Pensionable Earnings (YMPE).
- Plus 2.0% of your highest average earnings over the Year’s Maximum Pensionable Earnings (YMPE).
- Multiplied by your credited service.
- Divided by 12.
Please visit the Glossary - Pension Terms secton for a definition of YMPE.
