Canada's Public Servants: Early Retirement Package Opens
Montreal News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Canadas Public Service to Shrink: Early Retirement Package Offered
The Canadian government aims to reduce its public service by 28,000 positions by 2029. A new early retirement package is now available for federal public servants, allowing those with at least 2 years of service and 10 years on the job to retire with a full pension, no penalty for leaving early. Eligible workers, aged 50 or 55 depending on their pension plan entry, can apply until July 24th, with retirement by January 20th, 2027, if approved. The plan focuses on voluntary options to avoid forced layoffs, despite union concerns about skipped negotiations.
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