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There are two key factors in determining how much pension you’ll receive – your average salary and years of service in the Plan. If you retire before you reach age 65 (the normal retirement age), your pension will be calculated using the formula below.
Apply for your pension online. Go paperless with electronic annual statements and tax documents. Register today. Access our most popular retirement planning tools, including the pension calculator, bridge benefit calculator and buyback calculator.
Canadian Retirement Income Calculator. The Canadian Retirement Income Calculator will provide you with retirement income information. This includes the Old Age Security (OAS) pension and Canada Pension Plan (CPP) retirement benefits.
Ontario pensions and retirement savings. What you need to know about the retirement income system in Ontario, including how it works, challenges for the future and what you can do to help maintain your standard of living in retirement.
If you retire before you reach age 65 (the normal retirement age), your pension will be calculated using the bridge benefit formula below. Here’s how we calculate your PSPP basic pension: 2% x average annual salary x pension credit. Here’s how we calculate your bridge benefit:
14 sie 2023 · Our Canada Retirement Calculator is a specialized investment calculator which can help you calculate how much you need to save for your retirement and plan your retirement better. There are different tax shelters that you can use to pay less tax on the money you are keeping for your retirement.
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