Incentives for
early and
late retirement will be modified to decrease the attractiveness of
early retirement and increase the attractiveness of
late retirement; phased
retirement will be facilitated by allowing people to collect benefits while contributing and earning new claims on CPP
retirement benefits; and the number of years of low earnings that can be deducted from the calculation of a CPP
retirement benefit will be increased.
Late - career
incentives, such as large salary increases or backloaded
retirement benefits, simply don't have the same potential to shift teacher retention rates as
early - career investments.