If you are a member of the Municipal Pension Plan, we would like to share information with you about the significant changes that are being proposed to make the pension plan more equitable for all members. The webinars are currently full, but we would ask that you register your interest to assist us in future planning. Please click REGISTER NOW to identify your interest in future webinars.

Implementing HAS 4

A part of how your pension is calculated is your highest average salary (HAS), which is currently your best five years of earnings as a plan member. One of the proposed changes for public safety (Group 2 and 5) is to change how your HAS is calculated: from your best five years to your best four years of earnings.

This proposed change is being considered to apply to all public safety service (service in Group 2 or 5) so long as you have at least one day of service in Group 2 or 5 on or after January 1, 2022. With fewer years across which to average your salary, your HAS will likely be higher. This will have a positive impact on your lifetime pension as most public safety members have a higher salary towards the end of their careers because of wage increases and promotions.

Caution: Be sure to consider any change in the context of all the proposed changes. You can check out information on the site about other changes.