Discover the value of a workplace pension plan

What is a pension?

A pension provides you with an income when you retire.

How does it work?

When you sign up at your workplace, you pay into the plan over time, so that when you retire, you'll continue to receive a regular income. Invest in yourself and sign up today.

Go to more information about Pensions >

The Pension Journey

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Early Career

Early Career

Set goals for retirement and develop a plan that fits your needs.

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Invest in your retirement 

Learn more about the retirement benefits offered by prospective employers and the difference between the type of pensions plans available:

  1. Defined Benefit Pension Plans 

  2. Defined Contribution Pension Plans 

Learn about the foundation of retirement income in Canada, including Canada Pension Plan (CPP), Old Age Security (OAS) and other personal and retirement savings.

 
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Manage your Pension

Learn about how life events can impact your retirement future, including:

  1. Changes in contact information

  2. Changes in employers

  3. Taking a leave of absence

  4. Changes in beneficiary 

  5. Changes in spousal relationship

  6. Dealing with financial hardship

Mid Career

Mid Career

Regularly review your pension plan statement. As you approach retirement look at your retirement income and assess projected pension benefits to evaluate when you are ready to retire. 

Contact your plan administrator if you have questions or concerns surrounding the benefits you are entitled to or the terms of your pension plan. 

 
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Retirement

Manage pension payments and expenses that you incur during your retirement. Evaluate your sources of income and budget appropriately. 

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Enjoy your Life

Start receiving a monthly income and enjoy the retirement you created. 

Contact your plan administrator if you have questions or concerns surrounding your benefits.

Your employer may contribute to your plan

Be sure to ask your employer if a pension plan or other retirement savings options are offered.

  • 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 that support Pension Awareness Day

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Blue Pier Logo
CAAT Logo
CIA Logo
New Common Wealth Logo
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Eckler Logo
FCAA Logo
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HOOPP Logo
InBenefits Logo
LAPP Plan Logo
McAteer Logo
Mebco Logo
Medicus Logo
NIA Logo
OMERS Logo
OPB Logo
OPTrust Logo
Ontario Teachers Logo
PBI Logo
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PSPP Logo
RET Logo
RHRA Logo
SFPP Logo
TEIBAS Logo
Telus Health Logo
UCC Logo
UPP Logo
WISE Trust Logo
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