What is the year's maximum pensionable earnings?
The year's maximum pensionable earnings is an amount set by the federal government. Find out how it may affect your pension.
Each year, the federal government sets the year’s maximum pensionable earnings (YMPE). This is the maximum salary amount on which you need to contribute to the Canada Pension Plan.
- If you are a group 1 or 5 member, we use YMPE to calculate your retirement benefit in BC’s Municipal Pension Plan for service earned before January 1, 2022
- If you are in group 1, we use YMPE to calculate your bridge benefit on service earned before January 1, 2022
- If you are in group 5, we also use YMPE to calculate the bridge benefit for all service
- If you are in group 2, we use YMPE to calculate your retirement benefit for all service
Year’s maximum pensionable earnings history
| Year* | YMPE |
| 2024 | $68,500 |
| 2023 | $66,600 |
| 2022 | $64,900 |
| 2021 | $61,600 |
| 2020 | $58,700 |
| 2019 | $57,400 |
| 2018 | $55,900 |
| 2017 | $55,300 |
| *Only the last seven years are shown | |