Financial

10 Companies That Has the Best Pension Plans in Canada

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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 an employment, when you are a recent graduate from university you want to make sure that you get really good start at a company that has opportunities to grow as well as has a good Pension Plans.

According to Doug Murray Of Slice TV, the following 10 Canadian Companies offers the best Pension Plans to their employees.

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.

9. KPMG

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.

4. CIBC

In addition to your regular defined benefit pension plan, CIBC offers an RRSP and an employee shares purchase plan. The bank assists employees with their retirement planning and also has a retiree advisory committee which represents 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 of the companies with the best pension plans in Canada, Enbridge also offers phase-in work options to help employees.

2. The Hospital for Sick Children

The Hospital for Sick Children not only offers retirement planning to its employees but 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 give you an income until you turn 65 and can claim the full pension.

Emily Wilson

Emily Wilson is 3rd-year University student at Brigham Young University and  Financial Writer for University Magazine and Edmonton Gazette

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