Pension Awareness

Your Future self will thank you.

What is a pension?

A pension pays you an income when you retire.

Does your job have a pension plan?

A workplace pension plan is a great saving tool. If you sign up, you may contribute a portion of your pay to the plan and your employer may also contribute. When you retire you will continue to receive a regular income and your future self will thank you.

Be sure to ask your employer if they offer a pension plan or other retirement savings options. Starting to save early is the best way to help you reach your financial goals and a brighter future.

Video Descriptive Transcript - Message from Andrew K. Fung, EVP Pensions

Go to more information about Pensions >

Questions to ask your employer:

Do you offer a pension or other retirement benefits plan?
What type of pension plan? Defined Benefit or Defined Contribution?
How are contributions made and when?
What is the maximum I can contribute?

As an employer, do you match my contributions?
Who do I contact for information about my pension?
How do I calculate what I will receive when I retire?

Organizations supporting the FSRA Pension Awareness Day Campaign View Resources

Video Descriptive Transcript - Message from Andrew K. Fung, EVP Pensions

[LOGOS: FSRA. Financial Services Regulatory Authority of Ontario and the Coat of Arms of Ontario.]
[Music.]
[White text appears over a blue background.]
[TEXT ON SCREEN: Pension Awareness Day.]
[TEXT ON SCREEN: Andrew Fung. Executive Vice President of Pensions, FSRA]
[Andrew has short dark hair and wears glasses.]
[ANDREW] We all face so many competing financial demands - saving for a car, a condo or a house, starting a family, saving for a vacation or a child's education. But do you know that retirement is one of the more expensive, if not the most expensive life event?
[TEXT ON SCREEN: Retirement is one of the most expensive life events.]
[ANDREW] As the provincial regulator of pension plans here in Ontario, we want to raise awareness about how participating in a workplace pension plan can be beneficial to you and your family. That's why each year in February, we organize a Pension Awareness Day.
[TEXT ON SCREEN: Pension Awareness Day. Observed in February.]
[ANDREW] A workplace pension can be a valuable way to help you save for the future. If you are in the job market, ask your prospective employer if they offer a pension or retirement savings plan. That can be and should be part of your compensation considerations.
[TEXT ON SCREEN: Take time to learn about your pension benefits.]
[ANDREW] If you have a pension, take time to learn about your pension benefits. By law, your employer is required to provide you with an annual pension statement. It is important that you read and understand it. Ask questions.
[TEXT ON SCREEN: Talk to your HR representative at your workplace.]
[ANDREW] For starters, talk to the HR representative at your workplace.
[TEXT ON SCREEN: Talk to a qualified Financial Advisor.]
[ANDREW] Talk to a qualified financial advisor. Remember, the more you know and save today, the more likely you are to achieve your future retirement financial goals.
[TEXT ON SCREEN: Pension Resources. www.fsrao.ca/pensionawareness]
[ANDREW] Please visit our website at www.fsrao.ca/pensionawareness where we'll have more information for employees and businesses, and links to great resources to learn more about pensions and planning for your retirement.
[LOGOS: FSRA. Financial Services Regulatory Authority of Ontario and the Coat of Arms of Ontario.]