Hey everyone, particularly those of you in the non-indexed DB pension and are nowhere near retirement…. Here’s a planning tool from our government. The pension loses a TON of purchasing power over time. :-(
https://www.canada.ca/en/services/benefits/publicpensions/cpp/retirement-income-calculator.html
All pension earned under the pre-harmonization era remains indexed. Pension earned since then is not. That means most in DB who have been around long enough have two pensions, effectively.
Nothing historical changed.
The pension money is held, managed and used by the company for 30 years. Its the contributors money that was deducted, its not free money its OUR money!! GO TO HE-L BOO-HOO BOY!!!
What does that have to do with anything? You wish the pension were structured different? Oh boo hoo. You should be very happy they offer defined benefit in the first place.