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Pension plan

You can either become a member accruing service or a member not accruing service in the pension plan.

If you accrue service, you contribute a fixed percentage of your earning towards the pension plan through payroll deductions. That status is irrevocable. The university also contributes a fixed percentage towards the plan, based on your earnings. These contributions are used to accumulate a pension entitlement that is calculated using a predetermined formula, based on your pensionable earnings and years of credited service in the plan.

If you choose to not accrue service in the plan, you do not contribute to the plan, nor does the university contribute in your name. 


This section describes the Pension Plan for the Employees of Concordia University for members who are currently employed by the University. If you are not currently employed by the University, please contact Pension Services for details.

Retirement benefits

The normal retirement date under the plan is the first day of the month coinciding with or following your 65th birthday. If you retire at age 65, your pension under the Pension Plan for the Employees of Concordia University will essentially be based on the following pension formula:

For each year as a member accruing service, you earn an annual lifetime pension equal to:

2% of your Final Average Earnings


0.5% of the lesser of the Final Average YMPE and your Final Average Earnings

Although there are major advantages to a defined benefit plan, other sources of income are also essential to a comfortable retirement. Consult the retirement planning section on Cspace for details.

You should seek the advice of a retirement, financial or tax specialist for help in your financial planning for retirement or in evaluating your current situation.

If you are... You..
Full-time, permanent employee * Automatically join the Concordia Pension Plan as of your date of employment as a member accruing service unless you elect to do otherwise in writing.
Not a Full-Time Permanent Employee**

Join the plan on January 1 of the year following the calendar year in which you meet one of the following qualifications:

  • a minimum of 700 hours worked; or
  • remuneration equal to at least 35% of the YMPE.

You can defer for two years, if you declare your intent in writing,

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