289-548-2544 info@cupe2544.ca

Rehearsals for Retirement: Young Workers and the CPP

At 27, retirement isn’t top of mind for Ashlee Gotengco.

The cosmetics manager at a Vancouver drugstore is more focused on her daily finances than her income 40 years from now.

But as Gotengco watches older family members prepare to leave the workforce, she wonders how she will fare when she reaches 65.

Proposed changes to the Canadian Pension Plan (CPP) would increase benefits for people like Gotengco when they eventually retire. CPP is one of several potential incomes streams for retirees, including workplace pensions, savings and basic old age security payments, currently about $6,880 a year.

MORE

Leave a Reply