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Summary of your Ontario Teachers and Government pensions To age 65, your pension equals 2% credit best-five years salary. Unreduced with 85 factor. To age 65, your pension equals 2% credit best-five years salary.
Your pension probably wont cover all your needs in retirement, especially given recent changes in some states. A 403(b) plan, the nonprofit equivalent of a 401(k), can be helpful, especially if your employer matches your contributions.
Canadas oldest PPF is the Ontario Teachers Pension Plan (OTPP, or Teachers). With net assets of $227.7 billion, it is the most docHub pension plan for a single profession in Canada. This plan assists you in allocating a specific percentage of your earnings for future investments.
You qualify for an unreduced retirement pension when you docHub your 85 factor (age + qualifying years = 85), or at age 65.
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