Short-Service Member

The charts below compare a short-service employee’s estimated pension under the current and proposed plans at three key ages: 55, 60 and 65. 
  • The dark blue bars represent the lifetime pension provided under the current plan – and the light blue bars represent the bridge benefit payable to age 65.
  • The bright orange bars represent the lifetime pension provided under the proposed plan – and the fainter orange bars represent the bridge.
  • The grey bar segments represent benefits from the Canada Pension Plan.
Click to enlarge
See NRA 60: Short Service

The rebalancing is amplified for shorter-service members.
 
By design, this member’s combined benefit is:

  • Comparatively lower if she retires at age 55, and
  • ​Comparatively higher if she waits until age 65 to retire.

Here, we can see the fuller impact of the enhanced CPP – which, as a reminder, currently provides full indexing.

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