Understanding your Pension
Understanding your pension options
Are you getting ready to retire and wondering which pension option is right for you? This 15-minute course will help you understand your choices so you can make confident decisions that support your financial future and your loved ones.
Main ideas covered in the course:
Why choosing the right pension option is one of the most important retirement decisions.
How your choices affect your monthly pension payments—what your spouse or beneficiaries may receive after your death.
Key factors to consider; whether you have a spouse, your expected expenses, and your life expectancy.
An overview of the pension options available to most members.
All options guarantee a monthly pension for life.
How making informed decisions regarding pension options helps support your financial security and your beneficiaries.
Have questions about your options?
Contact the Pension Corporation anytime using My Account Message Centre or call us toll-free in Canada and the U.S. from 8:00 am to 4:30 pm, Monday through Friday at 1-800-668-6335.
Book an appointment
Get personalized answers to your pension questions in a one-on-one phone appointment with a trained representative.
The Pension team of trained representatives are available to help answer your personalized pension planning questions. These 30-minute phone appointments give you an opportunity to ask questions specific to your individual circumstances that haven’t been addressed in our other retirement planning resources.
Eligibility
Appointments are available to plan members who:
Will be retiring within the next year, and
Have a pension estimate that was generated within the last year
Important: If you do not meet the above criteria, the representative will reschedule your appointment.
Before your appointment
To get the most value from your session, please review the following materials prior to your appointment so you come prepared with specific questions. The resources provide answers to the most common retirement planning questions.
Take the Approaching Retirement online course or attend the live webinar version (45 to 75 minutes).
Read the Planning for retirement section online (60 to 90 minutes).
Review the Retirement health coverage information online (60 to 90 minutes).
Register for My Account (5 to 10 minutes).
Take the Understanding your pension options course (15 minutes).