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The Public Service Pension Plan is a retirement savings plan available to employees of the Canadian federal public service. It is a defined benefit pension plan, meaning that members receive a guaranteed pension based on their years of service and salary. The plan is designed to provide a secure and stable source of retirement income for its members. Contributions to the plan are made by both the employees and the government, and the funds are managed by the Public Service Pension Investment Board. Members can also choose to make additional voluntary contributions to increase their retirement savings. The Public Service Pension Plan is a valuable benefit for public service employees, providing financial security in retirement.