Your pension payable from a defined benefit (DB) plan is calculated based on your years of service and salary. It is not affected by market fluctuations, so you can count on this money when you retire and for your lifetime. We encourage you to take a few minutes to watch the “DB Retirement Security” video on our website here and learn how a defined benefit pension plan supports retirement financial security.
You can make the most of your DB pension by understanding how your pension works with other sources of retirement income, how to purchase or transfer service if that applies to you, and when and how to apply for pension benefits.
Your peace of mind comes with being more informed now to reduce stress when planning to retire. Let us know how we can support your financial literacy journey!
Contact us toll free at 1-833-345-8772, or email memberservices@tppcnl.ca.
Call or email us today!