The Pension Puzzle

Millions of Canadians are covered by pension plans in one form or anotherâ??whether that's CPP a company plan, or personal RRSPs. But pensions are the benefit least understood by employees. They're confusing and complex, but understanding pensions is crucial to every Canadian's financial security in retirement. Since its initial publication, The Pension Puzzle has become the definitive book on the subject. Now completely revised and updated, The Pension Puzzle remains a true "owner's manual" for anyone with a pension plan: Explains what pensions are; how all the different types work; how government, employer plans, and RRSPs fit together; and how to judge whether your employer's plan is a good one. Shows you how to determine how much income you'll need in retirement; how much government benefits and employer plans will provide for you; and how aggressive you have to be with your own RRSP investments to supplement these other plans. Includes a new chapter on the funding crisis that many plans are facing, as the recent stock market plunge drove many into a serious deficit-how it happened and what it means to you. Features new information on: federal budget changes to pension and RRSP limits; changes in pension standards and regulations; pension plans that are not fully indexed for inflation; LIRAs, LIFs, and LRIFS; websites and other references; and much more. Helps you make sound decisions about your pension plan and how it affects your financial future, whether youâ??re planning your retirement, changing jobs, handling a divorce, or making decisions about early retirement. Includes practical forms and worksheets, tips, and examples. The Pension Puzzle is not just for those about to retire. It's for every working Canadian who needs to make decisions about their pension plan and how it affects their financial future.