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Pensions

Weighing Your Options
Introduction
Options
Steps Toward Making a Decision
Formulas and Methods
Examples
Links

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Weighing Your Options

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Introduction

The choice you make when leaving the Public Service could have a significant financial impact on your retirement income. As a member of the Public Service Pension Plan (PSPP), you have a number of rights and options. It is your responsibility to become familiar with them.

Take the time to become educated about your plan. Visit the Links page for links to pension dedicated sites. Do not hesitate to phone the various service offices to find out more. Carefully read the documents that are provided by your employer ("Your Pension and Benefits Statement", for example).  For more detailed information regarding your pension or to find out more about your plan, contact your compensation advisor.

This tool is designed to assist you in making informed decisions about your options when you leave the Public Service. It includes a brief description of your available options and some points to consider before making a decision. Calculation tools, examples and useful references are also included to assist you in making an informed decision.

Everyone has different needs depending on their financial, family and professional situation. The information offered in this tool does not dictate which option is best. Rather, it invites you to consider key factors that may influence your decision.

 

 
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