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Old 12-13-2022, 03:31 PM   #3604
Fighting Banana Slug
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Quote:
Originally Posted by Bring_Back_Shantz View Post
Yeah, again, you didn't really look at it, or try to even understand it did you?

Yeah, 6 years and you're eligible for a "Full" pension, but how much you get is based on years of service and salary.
Kind of like every other pension.

You don't get $70k for serving 6 years.

Someone who serves 6 years, is getting a wildly different payout than someone who serves for say 20 years...like every pension.

Jesus, this is why the pension thing is so annoying.

Typical person: MPs get giant pensions for life!

Someone who actually took the time to look at it: They get a good pension, to be sure, but it's not wildly different than any other DB pension.

Typical person: They Get a full pension after 6 years! That's crazy!
From what I could gather, the minimum for 6 years would be around $36k a year (I believe at 65). Pretty good, but not "never need to work another day in your life".

Link (ignore the dumb headline)

https://www.benefitscanada.com/pensi...taxpayers-42m/
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