Sentences with phrase «certain defined benefit pension plans»

Not exact matches

Saunders, the president of the Vancouver and District Labour Council, says that Canadian workers and their pensions are more exposed to risk during market trouble because of the successful campaign over the past decades to move from defined benefit pensions, which guarantee a certain monthly amount when you retire, to defined contribution plans, promoted by market enthusiasts.

Defined benefit pension plan (DB plan): A retirement plan that guarantees a specified retirement payment beginning at a certain age and after a specified period of service.

Subject to certain limitations, a defined benefit plan will provide for an annual pension equal to a percentage of your highest earnings over a given period.

The problem though is whenever «our fair share» gets introduced by those touting certain areas of «unfairness» within industry, despite having a defined benefit pension plan and a tenured position themselves.

With a defined benefit pension plan, an employer promises an employee a certain amount of money at retirement.

Roughly 32 % of Canadians have a workplace pension plan, of which a smaller percentage have a defined benefit pension plan (versus defined contribution) which guarantees certain payouts in retirement.

Certain cases like employees with a generous defined benefit pension plan where retirement income will be fairly high, the tax free withdrawals from the TFSA during retirement is welcomed.

An Individual Pension Plan is potentially available to business owners and certain highly valued employees, and it allows you to essentially convert your RRSP into the Cadillac of defined - benefit pensionPension Plan is potentially available to business owners and certain highly valued employees, and it allows you to essentially convert your RRSP into the Cadillac of defined - benefit pensionpension plans.