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- Members
- Estimating your pension
Estimating your pension
Whether you recently joined UPP or are approaching retirement, the Pension Estimate Calculator, available in your myUPP Member Portal, helps you see the value of your pension and how it fits in your financial plans.
Plan your future with clear pension estimates
We are committed to providing you with tools and resources to assist you in your retirement planning, and to guiding and supporting you in making informed pension decisions throughout your career.
The UPP Pension Estimate Calculator gives you tailored projections of your future pension under various scenarios based on an array of factors, including:
Different retirement ages, starting as early as age 55
Customized retirement dates or key milestones
Estimates for future pensionable earnings increases
(active members)
Changes between full-time and part-time status
(active members)
Using the Pension Estimate Calculator is simple
Step 1: Getting started
- Sign in to the myUPP Member Portal
- Select Pension Estimates from the left-hand side navigation and
- Select New Estimate
- Name your estimate so that you can easily identify it later
Step 2: Customize your estimate
- Choose a retirement milestone, age or date
- Enter your expected annual salary growth percentage (applied to each year, not as a total)
- Adjust your full-time/part-time equivalent percentage if you wish to compare scenarios
- Verify your marital status and spousal information, if applicable
Step 3: Review your results
- Review your detailed pension estimate and the calculation details
- Review the pension options available for you and your surviving spouse, if applicable
- View PDFs of previous estimates under Pension Estimates
Phased access
Because this tool considers specific details such as salary, retirement age, and years of service, our team conducts thorough testing and validation to ensure you have full confidence in your estimated pension amounts.
As a result of this increased testing, access rolls out as a phased approach.
- If you already have access, you would have received an email letting you know.
- If you don’t have access yet, you will receive an email as soon as the estimator is available to you. You will still see Pension Estimates on the left navigation, but you will not be able to use the tool yet.
- If you are part of an employer that recently joined UPP, you will be notified by email once your access is available.
In a small number of cases involving more complex records, some members may not receive access to the estimator. Members can contact our Member Services team to request a manual estimate.
If you are considering retiring and require a pension estimate but don’t have access to the tool yet, you can contact our Member Services team and we’ll gladly assist you.
We understand that a reliable estimator is essential for your retirement planning needs, and we truly appreciate your patience as we work diligently to provide you this important resource.
Watch our step-by-step video and run your own estimate
Try the Pension Estimate Calculator now and take the next step toward planning your retirement with confidence.
Frequently asked questions
How do I know if I have access to the Pension Estimate Calculator?
If you are a new member with no prior service, you will receive access to the tool once your enrolment has been processed. If you’re a member of a prior plan joining UPP, you will be notified by email as soon as your access is ready.
Where do I find the Pension Estimate Calculator?
Once you’ve signed in to the myUPP Member Portal, you will see Pension Estimates on the left navigation if you have access.
How do I run an estimate?
Sign in to the myUPP Member Portal to watch a short video that provides step-by-step instructions on how to use the estimator.
How do I access my past estimates?
Remember to select Confirm after you’ve run an estimate to ensure you save a PDF copy to your portal. Your saved estimates are stored at the bottom of the Pension Estimates tab in the myUPP Member Portal.
Do I need to save the PDF copy of my estimate?
The tool itself provides you a snapshot of your estimate results. To get the full picture, be sure to read through the PDF to see all of your pension options, estimated retirement date, and other important information.
Does the Pension Estimate Calculator show gross or net amounts?
All amounts in your estimate results are gross amounts, and are subject to applicable tax.
Do the results include Canada Pension Plan (CPP) or Old Age Security (OAS) estimates?
No, UPP does not provide CPP or OAS estimates, but you can find additional information by visiting canada.ca/en/services/benefits/publicpensions.html. CPP and OAS do not impact the pension amount you receive from UPP.
I have a supplementary pension under my prior plan. Can I estimate this pension using the Pension Estimate Calculator?
The tool provides estimates for benefits payable from UPP only. If you have a supplementary pension, please contact your employer for details.
Does the Pension Estimate Calculator provide commuted value estimates?
The Pension Estimate Calculator is designed to give you reliable estimates of your monthly pension, which is based on a set formula that takes into account predictable factors such as your pensionable earnings and service. Since the commuted value is less predictable – fluctuating with changes in interest rates – the tool does not provide commuted value estimates.
Learn more about the commuted value here.
Questions?
Our Member Services team is here to help. Contact us via secure message in the myUPP Member Portal or toll-free at 1-833-627-7877, Monday to Friday, 8:30 am to 5 pm ET.