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by kspaans
3706 days ago
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Comparing pensions does get tricky very quick. In Canada for example there is a deduction from your paycheque for Canada Pension Plan (CPP) (assuming you don't live in Québec), but many employers will also have matching-contribution RRSP (same as a 401k) plans. So when you retire you get government pension plus private sector pension (which would be a mix of what you contributed and what your employer matched). The UK is similar where you get a government pension plus many employers have a tax-deferred retirement savings plan they will contribute to. |
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