Quote:
Originally Posted by DoubleF
Are some of you talking about the 85 point/factor retirement scale?
https://www.pspp.ca/page/when-can-i-retire
This is one of the more easily exploited retirement arrangements I've seen. It attracts older IDGAF type people into roles where they just sit around for a decade or so to max out their scale and this likely after a lucrative career in O&G. Younger people who work there have to toil for longer to reach the scale. It's an awful design.
People literally show up at age 55 and work till 65. Then they're walking away with 75 out of the 85 points. Someone at age 30 starting at the same place, 20 years later, they're only at 70 points (Age 50 + 20 years service). It's kinda unfair. |
Also, pension benefits are calculated on an average of your highest years of earnings which tend to be late career, so early career doesn't really count a whole lot.
Anyways, PSPP is Federal so wouldn't apply to nurses. AHS is on the Local Authorities Pension Plan. Probably similar-ish design and formula, but I can't be bothered to look it up.
