What we know so far about the early retirement incentives announced in Budget 2025.

Article content

The federal government is planning to source early retirement incentives for public servants from the Public Service Pension Plan, which has a $1.9-billion dollar surplus . Article content

In its budget released on Nov. 4, the Liberal government announced its plan to shed 30,000 jobs from the federal public service by 2028-29. To do so, the government has said it will rely on attrition “to the greatest extent possible” by lowering age eligibility rules for retirement and offering what amounts to $1.5 billion in incentives. Article content Article content

The $1.9-billion surplus in the pension fund became a point of contention for public-service unions in November 2024, when th

See Full Page