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Pay, medical and dental benefits, pension plan, compensation for illness and injury, and student loan assistance for reservists.
Jan 19, 2024 · Pension and benefits for reservists. Health care, dental care, pension plan, compensation for illness and injury, and student loan assistance for Reservists. Service as part of Canada’s Reserve Force offers Canadians a flexible and diverse option to serve their country.
Reservists make a difference in their communities, providing security at events, assisting civil authorities, supporting humanitarian aid and responding to natural disasters. With opportunities for education reimbursement, paid vacation days, health and dental coverage, a pension, and much more.
Reserve Force members join the Reserve Force Pension Plan automatically after earning 10% of the Year's Maximum Pensionable Earnings (YMPE) in two consecutive 12-month periods; Other benefits include: Survivor benefits: provides an income for your eligible spouse and children in the event of your death
The Military Benefits Browser provides a quick reference to information on benefits for which you may be eligible. You may also wish to consult the Veterans Affairs Canada (VAC) website to obtain information about other possible benefits and services.
What pension benefits do I receive if I release? The benefits you receive at release depend on your pensionable service and/or Canadian Forces (CF) service, and on your age at release. These benefits are shown in the table below: With 2 or more years of pensionable service
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What is the Supplementary Death Benefit, and who can I designate as my beneficiary? The Supplementary Death Benefit (SDB) plan provides a form of decreasing term life insurance protection, which is designed to provide insurance coverage to Regular Force members and members of the Reserve Force on Class "C" service.
