tag:blogger.com,1999:blog-2895395037451981195.post4712618768459918181..comments2023-10-10T07:58:51.863-04:00Comments on Loonies And Sense: Making sense of pensionsLoonies And Sensehttp://www.blogger.com/profile/17745603458861731443noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2895395037451981195.post-64946770074776580922007-10-24T10:59:00.000-04:002007-10-24T10:59:00.000-04:00I'm lost about pensions as well. However, I do ap...I'm lost about pensions as well. However, I do appreciate your post. If you do have any new knowledge, it would be a great educational post (for someone like me).SavingDivahttps://www.blogger.com/profile/10267021491907810696noreply@blogger.comtag:blogger.com,1999:blog-2895395037451981195.post-26530915026843366032007-10-23T20:01:00.000-04:002007-10-23T20:01:00.000-04:00Pensions are complicated beasts, but they're defin...Pensions are complicated beasts, but they're definitely worth contributing to, especially since the employer will contribute to the plan as well. As long as you stay in the plan for a few years (the "vesting" period), the benefits will be yours for life, whether you stay employed with that employer or not - the benefits can either be transferred to your new employer's pension plan (in some cases) or transferred to a LIRA (in other cases).<BR/><BR/>I highly recommend a book called "The Pension Puzzle: Your Complete Guide to Government Benefits, RRSPs and Employer Plans"; the authors are Bruce Cohen and Brian Fitzerald. It's the only book I've found that explains pensions in Canada with any sort of depth. Most libraries should have a copy, or you could order it from Amazon.George Wenzelhttps://www.blogger.com/profile/00012448020892841484noreply@blogger.com