The increase to extended health and dental premium rates for retired members takes effect February 1, 2026. Because premiums are deducted one month in advance, the new rates will appear on your January 2026 pension payment.

Have questions about the increase in premium costs? Find answers to common questions for retired Municipal Pension Plan members below.

Q: Why have premium rates increased?

The Municipal Retiree Benefit Trust Board of Trustees regularly reviews retirement coverage levels and premium rates. The board may adjust them to help keep the program sustainable for current and future retired members.

Key cost driver for extended health care cost is increased member utilization of the plan, particularly due to higher usage in areas such as prescription drugs, paramedical services and medical supplies.

Q: How much are rates increasing?

• Extended health care premiums are increasing by about 10 per cent (with subsidy). For retired members with under 2 years of pensionable service (full premium), single coverage is $87.00 in 2026, up from $79.00 in 2025.
• Dental premiums are not increasing.

Q: Will rates continue to increase?

Health care costs are expected to continue rising, which means extended health and dental premiums may increase in the future. However, this doesn’t mean premiums increase every year — in previous years, premiums have stayed the same or even decreased.

Q: Where can I find more information?

For more information, check the resources listed under related content on this page:

• View current premium rates
• Read Pension Life newsletter
• Learn about health coverage in retirement
• Learn about the Municipal Retiree Benefit Trust

Last updated: January 15, 2026