July 2021 Pension Payments Include 2020 Cost-of-Living Increase

The Board approved a 0.49% Cost-of-Living Adjustment (COLA) for eligible pension recipients, which will be included in the July 2021 pension payments. 

This increase is equal to 2/3 of the increase in the Canadian Consumer Price Index for 2020, which was 0.73%. A history of CSSB COLA percentages since 1977 can be found here.

This increase also applies to eligible members with a deferred account.

The actuary has continued to express concern that, unless changes are made, the Account will not be able to meet the target of granting additional COLA’s each year at the rate of 2/3 of the increase in the Consumer Price Index. The Board shares this concern. 

The Superannuation and Insurance Liaison Committee, which represents plan members in negotiating plan benefits, is studying the sustainability of the COLA Account.

2021-10-22T14:04:36-05:00July 23, 2021|

2020 T4A’s are in the Mail – February 20, 2021

T4A’s in respect of pension payments made in 2020 have been sent to Canada Post for mailing.

Your T4A will have been mailed to you if you are not registered for Online Services, or if you are registered for Online Services but you had not accessed your T4A at the time the forms were printed.

If you are registered for Online Services, you can still access your 2020 T4A from there.

2021-10-22T13:57:40-05:00February 20, 2021|

COVID-19 Update – December 2020

In response to the COVID-19 pandemic, the Civil Service Superannuation Board office will remain closed to the public and most staff are working remotely. In-person meetings and seminars are cancelled until further notice.

We'll be happy to continue to assist you by telephone or email.

2021-10-22T13:58:37-05:00December 1, 2020|
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