What we know so far about the early retirement incentives announced in Budget 2025.

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The federal government is planning to source early retirement incentives for public servants from the Public Service Pension Plan, which has a $1.9 billion dollar surplus . Article content

In its budget released on Nov. 4, the Liberal government announced its plan to shed 30,000 jobs from the federal public service by 2028-29. To do so, the government has said it will rely on attrition “to the greatest extent possible” by lowering age eligibility rules for retirement and offering what amounts to $1.5 billion in incentives. Article content Article content

The $1.9-billion surplus in the pension fund became a point of contention for public sector unions in November 2024 when the

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