This will lower
your average pensionable earnings, which in turn will make your benefit go down.
Retirement benefits would be 25 per cent of
the average pensionable earnings a worker earned in his or her lifetime.
Not exact matches
CPP calculations are based on
averaging your contributions and «
pensionable earnings» from age 18 until you start taking the benefit.
Your CPP amount depends essentially on
averaging your contributions and «
pensionable earnings» from age 18 until the point you start taking CPP.
There was one more proposal from the committee, the current system of determining the
pensionable salary based on the
average of 60 month's period should be reduced to 36 months» period.