FNPSPP - Public Security of First Nations

Eligibility

All employees of an Aboriginal employer whose membership application has been accepted by the Retirement Committee.

Cost to the employee
Native
 

9.5 % of basic gross salary

Cost to the employee
Non-native
 

8 % of gross salary

Cost to the employer

2 time the employee contribution

Retirement
without reduction

Age 60
or 
25 years of service 
or 
age 56 + 10 years of service 
or factor 75 (age +years of service)

Early retirement
with reduction

10 years before retirement age without reduction

Pension calculation
Native

2 %
x 
number of years of contribution
x 
final average salary

(3 years)

Pension calculation
Non-native

2 %
x 
number of years of contribution
x 
final average salary

(3 years)
-
from age 65, 0,7 %
x
number of years of contribution
x
minimum between final average wage and maximum pensionable earnings

Surviving spouse's

66 2/3 % of the pension accumulated at the time of death of the member