Protests in France

[powderjunkie]

Originally Posted by FlamesAddiction

I am guessing there must be some kind of grandfathering, like if someone is 62 and just retired, they aren't going to have to go back to work, because that would suck.

I am not sure something like this helps in the long run. In a couple years, all the people who would have retired sooner will be retiring anyway, and there are only so many jobs to go around. It kind of sucks for the whole work force because as people retire, others get to move up, and jobs open for young people at the bottom.

It phases in 3 months at a time for the next 8 years.

So this year people need to work until age 62 years 3 months. Next year 62 yrs 6mths, and so on.

[bizaro86]

The government in France is already a quarter of GDP, and ultimately a society can't consume more than it produces perpetually. If any generation (cough Boomers) didn't pay enough in to cover the pensions they promised themselves there's only 2 choices:

1) take less money, either per month or by starting later
2) get the next generation to pay for it.

(2) is historically the choice governments have liked better, but the population pyramid doesn't support that any more, and if you raised contributions a bunch I think you'd likely get big protests over that as well.

[rubecube]

Originally Posted by Cecil Terwilliger

No, he’s saying he’s rich but has a bad credit score.

Listen, are you bozos gonna pony up for a $15 jerk job or what?

[TorqueDog]

Originally Posted by rubecube

Listen, are you bozos gonna pony up for a $15 jerk job or what?

Inflation has gotten so bad that a pack of cigarettes in prison now costs two handjobs.

[Reggie Dunlop]

Likely a ginned-up protest that encompasses the usual grievance parade. Just like the Canadian Convoy protest really wasn't about pandemic measures.

[Yoho]

Originally Posted by Reggie Dunlop

Likely a ginned-up protest that encompasses the usual grievance parade. Just like the Canadian Convoy protest really wasn't about pandemic measures.

What was it about?

[AltaGuy]

Soiled diapers.

[CaptainCrunch]

Originally Posted by rubecube

Listen, are you bozos gonna pony up for a $15 jerk job or what?

So many responses, so many inappropriate responses, must resist temptation to deploy.

[nfotiu]

Since this off the rails anyway, random question. I worked 7-8 years in Canada before moving to the US. Do I have cpp money put away somewhere that I can access at some point? Is there a way to see how much it is if so? It never really occurred to me before.

[Slava]

Originally Posted by nfotiu

Since this off the rails anyway, random question. I worked 7-8 years in Canada before moving to the US. Do I have cpp money put away somewhere that I can access at some point? Is there a way to see how much it is if so? It never really occurred to me before.

You would end up with a balance there and you could probably find out that value through Service Canada. I wouldn't count on that being a significant income or anything though!

Basically, if you have a valid contribution to the plan you are entitled to something though.

[CroFlames]

Originally Posted by nfotiu

Since this off the rails anyway, random question. I worked 7-8 years in Canada before moving to the US. Do I have cpp money put away somewhere that I can access at some point? Is there a way to see how much it is if so? It never really occurred to me before.

You should make a CRA account on www.canada.ca

You should be able to see your taxes paid over the years, including CPP. If you only work 7-8 years, when you retire you'll probably be entitled to about 12 bucks a month lol.

[Locke]

Originally Posted by nfotiu

Since this off the rails anyway, random question. I worked 7-8 years in Canada before moving to the US. Do I have cpp money put away somewhere that I can access at some point? Is there a way to see how much it is if so? It never really occurred to me before.

You do not. No. We need that.

[opendoor]

I might be wrong, but I think you can do a very rough estimate by taking your contribution period vs. the max (39 yrs) and then your average earnings in those years vs. the max pensionable amount and then use that percentage against the maximum benefit (~$1,300/month) to get an idea of what you'd get.

So 7-8 years would be 18-20% of the period, then it's just a question of what % of the max your contributions were. If it was part-time work during high school/university it might be 15-30% of the max, or if it was full-time work in a career it might be more like 75-100%. If it was combination of both (say 50%), that would put you at about 10% of the max amount. That'd be $125-130/month in today's dollars starting at age 65.

But obviously there's a lot more that goes into it. As mentioned above, if you create a My Service Canada account, you can probably get a better idea.

[Slava]

Originally Posted by opendoor

I might be wrong, but I think you can do a very rough estimate by taking your contribution period vs. the max (39 yrs) and then your average earnings in those years vs. the max pensionable amount and then use that percentage against the maximum benefit (~$1,300/month) to get an idea of what you'd get.

So 7-8 years would be 18-20% of the period, then it's just a question of what % of the max your contributions were. If it was part-time work during high school/university it might be 15-30% of the max, or if it was full-time work in a career it might be more like 75-100%. If it was combination of both (say 50%), that would put you at about 10% of the max amount. That'd be $125-130/month in today's dollars starting at age 65.

But obviously there's a lot more that goes into it. As mentioned above, if you create a My Service Canada account, you can probably get a better idea.

You could do that, but Service Canada can basically just give you the answer.

[GGG]

Originally Posted by Slava

You could do that, but Service Canada can basically just give you the answer.

They give you the answer of how much CPP you would be entitled to if you stopped working today don’t they rather than the amount you would get if you continued working until X. (Which is what the OP was looking for)

[Slava]

Originally Posted by GGG

They give you the answer of how much CPP you would be entitled to if you stopped working today don’t they rather than the amount you would get if you continued working until X. (Which is what the OP was looking for)

He’s out of the country and worked for 7-8 years. I think the question is what is he entitled to? That’s exactly what Service Canada will tell you.

[opendoor]

Unless there's a different CPP estimator from Service Canada than the one I'm familiar with, theirs is basically useless for this scenario because it assumes that your current % of max contributions in your career to date will continue going forward.

For someone who is out of the country and making zero contributions between now and then, that would significantly overestimate the benefit.

[activeStick]

Everything's fine dog vibes

https://twitter.com/user/status/1639779905230749698

[Geraldsh]

Doesn’t matter what language that woman is speaking-he’s not listening.

[powderjunkie]

Just seems like nice ambience to me