Even though we are university students who are Young, Dumb, and Broke right now, after graduation, all those will change because most of us will get employed in some form of employment; when you are a recent graduate from university, you want to make sure that you get a perfect start at a company that has opportunities to grow as well as has a good Pension Plans.
It can make a massive difference to your professional life if you work for a company that cares for its employees. But it would help if you also thought about what comes after retirement. Ideally, you want to work for a company that won’t only take care of you while you’re working for them but will help you have a comfortable life once you’ve stopped.
Here are 10 Companies That Has the Best Pension Plans in Canada
10. Air Canada
Air Canada offers some very cool jobs for people who love to travel, and when employees of the airline retire, they get to continue doing what they love. In addition to pension benefits, retired Air Canada employees still get travel discounts.
KPMG offers a defined contribution pension plan, an RRSP, and a non-registered savings plan, as well as profit sharing. The company also has an extensive education program to help employees avoid costly mistakes that can ruin retirement, with workshops, one-on-one meetings, and even Skype sessions.
8. Alberta Health Services
5. Desjardins Group
At the Desjardins Group, employees get a defined benefit pension plan, and if they retire a few years earlier, at age 62, they can claim their pension without it being reduced. Retired employees also continue to get their health benefits, with no age limit.
In addition to your regular defined benefit pension plan, CIBC offers an RRSP and an employee shares purchase plan. In addition, the bank assists employees with their retirement planning and has a retiree advisory committee representing retirees in decisions affecting them.
3. Enbridge Inc
Energy company Enbridge offers a defined benefit pension plan that it pays for. Retirees also still enjoy health benefits and can choose their benefits packages according to their needs. Like many companies with the best pension plans in Canada, Enbridge offers phased-in work options to help employees.
2. The Hospital for Sick Children
The Hospital for Sick Children offers retirement planning to its employees and has a Quarter Century Association through which retirees can stay connected. Employees can retire early at age 55 without a reduction in their benefits.
1. Canadian Public Service
The Canadian Public Service not only pays its employees a lifetime pension calculated according to years of service. If you want to retire early, you can get a bridge benefit to earn an income until you turn 65 and claim the full pension.