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 5, we also use YPME to calculate the bridge benefit
  • 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
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