Glossary term
CPP Post-Retirement Benefit
The CPP Post-Retirement Benefit can increase CPP retirement income when someone works and contributes after starting CPP before age 70.
Plain meaning
What the CPP Post-Retirement Benefit means
The CPP Post-Retirement Benefit, often called PRB, is a separate lifetime benefit that can be added to CPP retirement income. It is connected to CPP contributions made after a person has already started receiving the CPP retirement pension.
Calculation context
How OpenBook uses it
Retirement calculators may need to distinguish the main CPP retirement pension from post-retirement benefit amounts. If the app does not explicitly model PRB contributions and benefit accrual, it should not imply that working after CPP start automatically produces a fully modelled PRB result.
Common boundary
Not the same as delaying CPP
Delaying the CPP retirement pension changes the starting pension by applying start-age rules. The CPP Post-Retirement Benefit is different: it relates to contributions made while already receiving CPP, subject to the program rules and age limits.
Primary references
These official sources explain the benefit and the CPP retirement-pension context.