AC Rates of Pay – Actuarial Science (Government of Canada)

AC rates of pay for all AC (Actuarial Science) levels in the Canadian federal public service, 2026. Salaries range from $87,938 to $199,274 across 3 levels. Category: Financial. Source: Treasury Board collective agreements.

AC – Actuarial Science

$87,938 – $199,274

$3,382 – $7,664 biweekly (before deductions)

3 levels · Salary data from Treasury Board collective agreements

Rates effective from 2025-10-01 · Last verified 2026-04-16 · methodology

All AC Levels

Level	Steps	Step 1	Max Step
AC-01	16	$87,938	$154,237
AC-02	10	$133,204	$179,553
AC-03	10	$148,827	$199,274

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About the AC Classification

The AC (Actuarial Science) group covers actuaries employed by the federal government, primarily at the Office of the Superintendent of Financial Institutions (OSFI) and the Office of the Chief Actuary within OSFI. AC employees perform actuarial valuations of the Canada Pension Plan, Old Age Security, federal public service pension plans, and other government-sponsored insurance and benefit programs. This is one of the smallest and most specialized classification groups in the public service.

AC positions require Fellow of the Canadian Institute of Actuaries (FCIA) or Fellow of the Society of Actuaries (FSA) designation, or significant progress toward these credentials. The work involves complex financial modelling, demographic projections, and risk assessment that directly informs major government policy decisions — the Chief Actuary's triennial reports on CPP sustainability are among the most consequential actuarial documents produced in Canada.

AC salaries are competitive within the federal context but sit well below private-sector actuarial compensation at insurance companies and consulting firms. The trade-off is meaningful public-interest work: federal actuaries assess the long-term financial health of programs that affect every Canadian. The small size of the group means advancement opportunities are limited, and most AC employees spend their entire federal careers within OSFI or closely related organizations.

Want to know your take-home pay after taxes and deductions? Use the take-home pay calculator or compare AC with other classifications.