Vesting - Public Service Pension Plan

What is Vesting?

Once you become vested with PSPP, you can enjoy the security of a reliable monthly pension for the rest of your life upon retirement.

Vesting with PSPP

Full-time employees become vested after contributing to the Plan for two years, while part-time employees can achieve vesting once they accumulate two years of pensionable service.

Interesting Facts about Vesting

Here are some key points you might find interesting:

If you continue working for a PSPP employer until you turn 65, you will automatically become vested, even if you have less than two years of service, including part-time employment.
Transferring your pension from another Registered Pension Plan (RPP) to PSPP can expedite your vesting process.
It may also be possible to become vested sooner by purchasing Prior Service from another pension plan.