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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'.
Cost-of-Living Adjustment (COLA) is a permanent annual increase to your retirement benefit that is based on the cost-of-living index. Included in your monthly benefit (when you become eligible), itâs designed to address inflation as it occurs. payments, subject to pension caps and limitations, equal 50 percent of the previous yearâs annual rate of inflation, but never less than 1 percent or more than 3 percent of your benefit.