PEPP Lifetime Pension

The Public Employees Pension Plan (PEPP) is offering a new retirement income option called Lifetime Pension. It’s for retired PEPP members between the ages of 50 and 94.

Canadians are living longer than ever. Stats show that people retiring at age 65 have an average life expectancy of 85 years. And 50 per cent of those will live beyond age 85! Which begs the question, “Will you have enough money to last your lifetime?”

These stats drive home the need for proper financial planning. Today’s retirees expect their financial plan to support a longer lifespan – and many want their pension plan to help with this concern, including PEPP retirees.

For the past two years, the PEPP team has been creating this new retirement income option. It’ll become a reality in April 2025 with sign up for eligible members starting in March 2025.

Moving forward, retired PEPP members can choose an income option that ensures they won’t outlive their savings. That’s the goal behind Lifetime Pension – to provide a dependable monthly pension payment for life.