2023 Cost-of-Living Adjustments

Effective January 2023, a 3.72 per cent cost-of-living-adjustment (COLA) increase will be applied to the base pension amount for retirees of the Local Authorities Pension Plan, the Management Employees Pension Plan, and the Special Forces Pension Plan. Members who retired during 2022 will receive a prorated portion of this increase. Those who retired in or prior to 2021 will receive a full COLA.

Pensioners of the Members of the Legislative Assembly Pension Plan will receive COLA at a rate of 3.72 per cent.

Pensioners of the Provincial Judges and Applications Judges Pension Plan who terminated before April 1, 2009, will receive COLA at a rate of 3.72 per cent. Pensioners who terminated after March 31, 2009, will receive COLA at a rate of 6.20 per cent.

Pensioners of the Public Service Management (Closed Membership) Pension Plan will receive COLA at a rate of 3.72 per cent.

For more information, see the retiree/pensioner section of the following websites: