When you start a new job, it’s all about the now. You know you should be saving for your future, but it’s hard to find the extra cash! But before you know it, you’re 50, and you wish you had paid more attention to saving.
Less than 40% of Canadian employees have a pension plan through work. We are proud to offer our CBC/Radio-Canada employees a defined benefit plan – one that pays you a regular monthly pension. It’s something you can count on! Not sure you will stay with CBC/Radio-Canada until retirement? You can choose to take the pension you’ve earned with you.
So what’s the plan worth? CBC/Radio-Canada puts in money for you each year – on top of the pay cheque you already receive. The closer you get to retirement, the more money CBC/Radio-Canada will put in. For a 30-year-old, it’s about 5% of your pay. For a 40-year-old, the number jumps to around 10% – and it keeps getting better with age!
As a permanent employee, you join the pension plan the month after you start with CBC/Radio-Canada – meaning you can take advantage of this extra money right away.