Teamsters Canadian Pension Plan: Your sources of retirement income

by | Feb 4, 2023 | Retirement Pension




Teamsters Canadian Pension Plan.
Understanding your pension plan: Your sources of retirement income
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As you approach retirement, one of the most important decisions you will make is how to best ensure you have a secure and comfortable financial future. One of the most reliable sources of retirement income is the Teamsters Canadian Pension Plan.

The Teamsters Canadian Pension Plan is a defined benefit pension plan that provides retirement income to members of the International Brotherhood of Teamsters in Canada. The plan is jointly sponsored by the Teamsters Canada and the Teamsters Canada Rail Conference and is administered by the IBTC Pension Trust Corporation.

The Teamsters Canadian Pension Plan provides a guaranteed monthly pension income for life, starting at age 65. The amount of the pension depends on the length of service and the average salary earned during the last five years of membership. The pension is adjusted for inflation and is fully indexed to the Consumer Price Index.

The Teamsters Canadian Pension Plan also provides additional benefits such as death and disability benefits, survivor benefits, and early retirement benefits. The plan also offers a voluntary contribution program for members to make additional contributions to their pension accounts.

The Teamsters Canadian Pension Plan is a secure and reliable source of retirement income. It provides a guaranteed, inflation-protected pension income for life, and offers additional benefits to ensure a secure financial future. With the Teamsters Canadian Pension Plan, you can be sure you will have the financial security you need in retirement.

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