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Pension Adjustment - PA. DEFINITION of 'Pension Adjustment - PA'. The amount of contributions that can be made to a Registered Retirement Savings Plan (RRSP) on top of any contributions to a Registered Pension Plan (RPP) in a given year. BREAKING DOWN 'Pension Adjustment - PA'.
What is a cost-of-living adjustment (COLA)? A COLA is an adjustment to your monthly benefit after you retire. The type of COLA you are eligible for depends on your retirement system and plan. Does my retirement plan have a COLA? All retirement plans we administer, with the exception of the Judges Retirement Fund, provide one or more COLAs.