I just read a report by Bill Kyle, Senior Vice President of Great-West Life in the Group Retirement Services. Pension
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I just read a report by Bill Kyle, Senior Vice President of Great-West Life in the Group Retirement Services. Pension
MP Pensions cost Canadian taxpayers a lot of money. For every dollar the Member of Parliament contributes to their pension, tax payers put in...
Defined Benefit Pensions are considered the best type or workplace savings plan. Is it the benefit that is makes it great or the savings rate?
Locked in retirement accounts (LIRAs) were created to transfer vested pension funds that you take with you if you leave your job prior to retirement.

Three years ago I changed careers, moving into the public sector with a defined benefit pension plan, and I haven’t made any RRSP contributions since. Here’s why:

Employees can either stay in the company pension plan and receive a lifetime monthly pension at retirement or take the commuted value out of the plan.
When discussing retirement planning I wondered if you should contribute to your RRSP if you have a defined benefit pension plan?
A large percentage of workers are neglecting their employee sponsored pension plan.

Defined benefit pensions have been in decline over the past two decades in favour of the defined contribution plan.

When faced with the option, is a lump sum payment better than a retirement payout? The answer may not be so obvious.







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1 year 12 weeks ago
1 year 12 weeks ago