The Public Service Health Care Plan is a voluntary health-care plan for federal employees, federal retirees and their dependents.
The Treasury Board has announced the new Public Service Health Care Plan (PSHCP) monthly contribution rates that will come into effect April 1, 2025.
The monthly contribution rates are found in Appendix C of Schedule V on the National Joint Council website.
Contribution rates for retired members of the PSHCP are reviewed annually and adjusted to maintain the 50:50 (retired member:employer) cost-sharing ratio for supplementary coverage. A rate adjustment was not applied in 2024.
PSHCP contribution rates are calculated using total plan costs for the pensioner population and cost-shared (50:50) with the employer.
Rates increase when overall pensioner costs to the plan have increased.
As contributions are owed one month in advance, the new rates will be reflected in the retired members’ March 2025 pension payment for April coverage.