New PSHCP pensioner contribution rates for 2022

The Treasury Board has announced the new PSHCP monthly contribution rates.
 

The Treasury Board has announced the new Public Service Health Care Plan (PSHCP) monthly contribution rates that will come into effect April 1, 2022.

Contribution rates for retired members of the PSHCP are adjusted to maintain the 50:50 (retired member:employer) cost-sharing ratio for supplementary coverage. PSHCP contribution rates are based on pensioner costs under the Plan over the preceding year. Rates increase when overall pensioner costs to the Plan have increased.

As contributions are owed one month in advance, the new rates (see table below) will be reflected on the retired members’ March 2022 pension payments for April 2022 coverage. The following tables break down the contribution rates by the Extended Health Provision (EHP) and Hospital Provision (HP) with a total amount paid by the pensioner each month. The tables compare 2021 rates (left) with the new rates for 2022 (right).
 

Retired member monthly contribution rates: Supplementary coverage

Retired member monthly contribution rates: Relief provision

If you joined the PSHCP as a retired member on or before March 31, 2015, you may be eligible for the PSHCP relief provision if you are or become a recipient of a Guaranteed Income Supplement (GIS), or if your net or joint net income is lower than the GIS thresholds. The PSHCP Relief Provision can allow you to retain the 25:75 (retired member: employer) monthly contribution cost-sharing model.

Visit Public Services and Procurement Canada to find out more about eligibility and how to apply.

Contribution rates can also be found in Appendix C of Schedule V on the National Joint Council website.