English: Immediate annuity — benefit payable to plan members who retire at any time after reaching age 60 with at least two years of pensionable service or after reaching age 55 with at least 30 years of pensionable service or at any age in case of permanent disability; it is calculated according to the following basic pension formula: 2% X Number of years of pensionable service (maximum 35 years) X Average salary for the 5 consecutive years of highest-paid service Deferred annuity — benefit available to plan members who leave the Public Service before age 60 and have at least two years of pensionable service; this benefit is calculated using the same formula as an immediate annuity, but payment is deferred until age 60; a plan member entitled to a deferred annuity may request an annual allowance at any time after he or she reaches age 50 Annual allowance — benefit available to plan members who retire before age 60 and have at least two years of pensionable service; this benefit is a deferred annuity reduced to take into account the early payment of the retirement pension and becomes payable at age 50 at the earliest B Benefits earned — the cost of benefits for service provided by members during the fiscal year Benchmark — a standard against which rates of return can be measured, such as stock and bond market indexes developed by stock exchanges and investment dealers C Canada Pension Plan (CPP) — a mandatory earnings-related pension plan implemented January 1, 1966, to provide basic retirement income to Canadians between the ages of 18 and 70 who work in all the provinces and territories, except in the province of Quebec, which operates its own pension plan similar to the CPP for persons who work in that province Cash Equivalents — short-term, highly liquid securities (e.g. commercial papers, treasury bills, demand notes) with a term to maturity of less than one year from the date of issue; these investments are relatively easy to convert into cash Children of a plan member — dependant children who are under age 18; children between 18 and 25 may receive allowances if they are enrolled in a school or other educational institution full-time and have attended continuously since their eighteenth birthday; the allowance is equal to one tenth of the plan member's pension for each eligible dependant child (maximum of four tenths) Consumer Price Index (CPI) — This is a measure of price changes produced by Statistics Canada on a monthly basis.
French: L'indice est « pondéré » puisqu'il accorde davantage de poids au changement de prix de certains produits—p. ex., plus de poids au logement qu'aux loisirs—afin de refléter au mieux les habitudes de dépenses typiques. L'augmentation de l'IPC est aussi appelée augmentation du coût de la vie Invalidité — incapacité (physique ou mentale) empêchant une personne d'avoir un emploi rémunérateur pour lequel elle satisfait raisonnablement aux exigences en matière d'études, de formation et d'expérience et qui, selon toute vraisemblance, pourrait perdurer tout le reste de la vie L Loi sur la pension de la fonction publique — loi qui pourvoit à la pension des personnes employées dans la fonction publique du Canada M Maximum des gains annuels ouvrant droit à pension (MGAP) — les gains maximaux à l'égard desquels les cotisations peuvent être versées au Régime de pensions du Canada ou au Régime de rentes du Québec (salaire plafond) au cours de l'année O Office d'investissement des régimes de pensions du secteur public — office constitué le 1er avril 2000 par la Loi sur l'Office d'investissement des régimes de pensions du secteur public et qui a pour mandat d'investir sur les marchés financiers les cotisations de l'employeur et des employés aux régimes de pension du secteur public P Pension différée — prestation offerte aux participants qui quittent la fonction publique avant l'âge de 60 ans et qui comptent au moins deux années de service ouvrant droit à pension; la pension différée est calculée comme une pension immédiate, mais elle devient payable à l'âge de 60 ans; le participant admissible à une pension différée peut demander une allocation annuelle à tout moment après avoir atteint l'âge de 50 ans.