Quote:
Originally Posted by missdpuck
Holy crap. Now I understand the comment about Canadian govt workers not having to save for retirement.What are the terms for lower paying jobs?
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If you work 35 years, you get 70% of your salary. Which is what I plan on doing. And yes, I put a paltry amount away into RRSPs because that pension should cover my retirement. But I also have an enormous sum taken out of my paycheque every pay day to go into that pension fund.
I have worked in both private and public institutions. I did very well when I was working as a consultant for a business company. They offered me a huge sum to join them full time. I decided to take LESS MONEY to work for the Canadian federal government. Why take a job that pays less? Job security and a good pension plan. Those two things right there attract good people.