Well the numbers are finally in on pension. Without going into full amounts this is how things stack up for us RCMP members, using my numbers:
1 - The month after I turn 65, my gross monthly RCMP pension is reduced by $574.94.
2 - That same month, if I draw CPP at 65, my CPP is 868.40/month.
3 - I gain (if you want to call it that) is $293.46/month.
4 - If I draw CPP early then it will be $576.62/month, gain is $1.68. However I stand to collect an additional $34,597.20 from age 60 to age 65.
5 - If I wait to collect CPP at age 70, it will be 1233.13/month, a net gain of $658.19/month on top of the RCMP pension. However, there will still be a reduction of $574.94/month from age 65 to age 70 regardless, unless you have not started to collect on the RCMP pension in which case the reduction will only start when you start to collect. Overall one stands to lose the $574.94/month until they start to collect CPP at 70 for a total loss of $34,496.40.
Long story short, take the CPP at 65 and depending on one's lifestyle, health, etc. one may want to consider taking the early CPP at 60.
Hopefully this will help others on the forum from the RCMP, either retired or hoping to in the near future.
Yes, this was a little off-topic but the questions came up in this thread.