Supplementary Retirement Plan for Public Service Managers
The Supplementary Retirement Plan (SRP) for Public Service Managers was established to provide additional pension benefits to certain public service managers of designated employers who participate in the Management Employees Pension Plan (MEPP) and whose annual salary exceeds the MEPP salary cap, the maximum yearly pensionable earnings allowed by the Income Tax Act, Canada.
The Plan is supplementary to MEPP. Services under MEPP are used to determine eligibility for vesting and early Retirement. A member's pension commencement date is the same under both plans and the pension payable in the same form. Members of MEPP who have attained 35 years of combined pensionable service are not eligible to participate in the plan.