Canadian Armed Forces Pension Plans Annual Report (Summary) 2011–12

Benefits: Benefits paid under the pension plans during the year totalled $2.592 billion, including $2.550 million paid to retired reservists under the Reserve Force Pension Plan (RFPP). At 31 March 2012, there were 86,760 pensioners, 23,199 surviving spouses and 747 surviving children in receipt of monthly annuity payments.

Investment performance: The investments of contributions from members of the pension plans managed by Public Sector Pension Investment Board (PSPIB) earned income of $374 million ($1.415 billion in 2011), or 3.0% with an investment policy benchmark of 1.6% (14.5% return and an investment benchmark of 12.7% in 2011). The Canadian Forces (CF) Superannuation Account was credited with $2.680 billion ($2.887 billion in 2011) in interest, representing a 5.8% (6.3% in 2011) rate of return.

Contributions: Member and Government of Canada contribution receipts during the year totalled $352 million and $831 million respectively. At 31 March 2012, there were 67,702 Regular Force contributors, 4,171 Reserve participants in the Canadian Forces Pension Plan (CFPP) and 21,511 Reserve participants in the RFPP.

Contributions receivable: Members elected to purchase prior service with an estimated actuarial value of $77.3 million. The Government of Canada share of these elections has an estimated actuarial value of $134.5 million.

If you would like a complete copy of an Annual Report 2011–12, please contact the Department of National Defence.