The increase in the YMPE to $68,500 combined with the announced maximum pension benefit of $3,610.00 in 2024 for each year of service under defined benefit pension plans means that the maximum pensionable salary (sometimes called the pensionable salary cap) under the UAPP will rise to $201,050.00 in 2024, up from $195,313.33 in 2023.
In 2024, the maximum pensionable salary under the UAPP is going up by 2.9%.
