About the Pension Centre
What we do
- The Government of Canada Pension Centre is the primary office responsible for the administration of the pension plan for Federal Public Service employees, the Public Service Superannuation Act (PSSA).
- We also provide administrative support to the underwriters responsible for several public service group benefit plans, Public Service Health Care Plan (PSHCP), the Public Service Management Insurance Plan (PSMIP), the Disability Insurance Plan (DI), the Post Retirement Life Insurance Plan (PRLIP), and the Pensioners Dental Services Plan (PDSP).
About the Public Service Superannuation Act
- Part I—Terms and conditions of the registered defined benefit pension plan to which virtually all federal public servants are required to contribute.
- Part II—Terms and conditions of the legislated life insurance plan, the Supplementary death benefit (SDB) which is applicable to most contributors mentioned above under Part I.
The Government of Canada Pension Centre is divided into three (3) directorates. Each directorate is led by a Director who works under the leadership of the Director General. These individuals along with division/project managers form the senior management group which is referred to as the Senior Executive Committee (SEC).
Three (3) Directorates
- Pension operations (PO);
- Pension transformation and policy (PTP);
- Organizational readiness and planning (ORP).
Facts and figures (Updated—May, 2009)
- Over 700 employees located at three sites in Shediac, New Brunswick.
- Over 310,000 active members in the pension plan.
- Over 229,000 retired members from the pension plan of which over 175,000 are pensioners and over 53,000 are survivors.
- Over 700,000 insurance accounts.
- Handles over 775,000 pieces of mail annually.
- Responsible for annual disbursements of pension funds in excess of $4.5 billion from 5 public funds with balances exceeding $129 billion.
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