Quote:
Originally Posted by opendoor
Read the first part of that paragraph; they're talking about if you work until 65 and accrue the maximum service. If you retire earlier or with less service, you'll tend to get less.
And everyone gets CPP and OAS, so that's not really a useful point of comparison to people who don't have pensions.
Unless I'm mistaken, they have to pay monthly premiums for that coverage while in retirement. My mom is a retired teacher in BC and she pays about $200/month for extended health and dental.
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Well, not everyone. I don't (self employed).
I'm not disputing most people get CPP and OAS, but it's just worth point out that teachers will be living off 70% of their income since that's the relevant number required to plan your life around.