Pension payments

Learn about monthly and lump-sum pension payments, as well as pension payment dates and exchange rates.

Monthly pension payments

If you choose to receive a monthly pension payment, it will be deposited directly to your bank account.

What are the pension payment dates?

Find out when we deposit your payment into your bank account, and see the U.S.–Canada exchange rates we've used for retired members living in the United States.

Lump-sum pension payments

You may be able to receive a lump-sum payment in lieu of a monthly pension. Here's what you need to know about eligibility, tax considerations and more.

Cost-of-living adjustments

Your monthly pension payment may increase to reflect increases in the cost of living.

What cost-of-living adjustments have been granted?

Cost-of-living adjustments (COLAs), if granted, become effective January 1 of each year.