Pension payments and dates

If you choose to receive a monthly pension payment, it will be deposited directly to your bank account.

Once your retirement application has been processed, you will receive a monthly pension if you are a member of the pension plan.

You might receive a monthly pension from the plan if you are:

  • The beneficiary of a plan member
  • A limited member of the plan

You can receive your monthly pension payment in one of three ways:

  • Direct deposit (to Canadian and U.S. bank accounts)
  • Direct deposit to overseas accounts (via Western Union GlobalPay Payee Manager)
  • Mail

Pension payment dates

In 2019, we will deposit your monthly pension payment into your Canadian bank account on the dates listed below. For plan members living in the United States, your deposit date may vary from the scheduled date depending on U.S. bank processing requirements. If you live overseas and choose to receive direct deposit through Western Union GlobalPay Payee Manager, you can receive your international pension payment within five business days of the Canadian pension payment date.

If you have not set up direct deposit, we will mail your cheque one week before each payment date.

2019 payment
exchange rate

January 30


February 27


March 28


April 29


May 30


June 27


July 30


August 29


September 27


October 30


November 28


December 23


*The U.S. dollar exchange rate shown is used to calculate your pension payment if deposited in U.S. dollars into a U.S. account. If you are receiving direct deposit to a bank account outside of Canada and the United States, foreign currency exchange rates will be applied.


Related content for monthly pension payments

Apply to become a limited member


My Account for retired members

Use My Account to keep your personal information up-to-date, find out the date of your next pension payment, cost-of-living adjustments and to view and download your tax slips.

Sign in to My Account