Archive by tag "pension"

What is OAS?

October 20th, 2014

The most surprising question I get asked in my practice is what is OAS? My answers are: OAS stands for Old Age Security program, which is the Government of Canada’s largest pension program. It is funded out of the general revenues of the Government of Canada, which means that you do not pay into it [...]

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Defining Benefits

December 14th, 2010

In the 1980s I was helping a friend who had just been terminated by a major private sector employer at age 50. Despite recent events he was pretty positive, and told me that the pension plan would allow him to retire at age 55 with an unreduced pension. Unfortunately, I had to tell him that [...]

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