Of course, nothing compares to the CPP when it come to ease of providing a rock - solid
set pension payout without conscious effort.
Not exact matches
Trapani and Shindler have also discarded their old
pension plan entirely since the «defined benefit plan» was
set up to provide
payouts only to employees who stayed until age 60, which just didn't meet the needs of the company's somewhat transient work force.
The St. Louis plan's «
pension multiplier,» a value that helps determine each retiree's
pension payout, is
set at 2 percent of their final average salary, lower than the 2.5 percent in the state plan.
While 70 per cent of public - sector workers enjoy the classic DB
pensions that guarantee a
set payout for life, only 10 per cent in the private sector do, Bezaire confirmed, «and it's trending even lower for private - sector
pensions.»