The balance is subsequently paid in monthly or yearly payouts for a period of 15 years. (policybazaar.com)
They would receive around 51 % more in yearly payouts by the time they turn 65 compared to the current plan. (moneysense.ca)
That fund has seen the same sharp uptick in payouts that private insurers have noted, with payments growing from an average yearly payout of about $ 12 million from 1970 to 1994, to an average of $ 163 million from 1995 to 2004, and then to an average of $ 373 million between 2005 to 2015. (cleanenergycanada.org)