Page 5 - The Mirror - Winter 2014
P. 5
3


The Big Gap


A recent report by the Canadian Institute of Actuaries shows that public sector
pensioners are in the top Tier of pension income in Canada.

A retired male public sector worker can expect an average monthly pension
of $2,348 compared to $982 for his private sector counterpart. For women, an
ex-public sector worker can look forward to an average monthly pension of

$1,540 compared to $324 for her private sector equivalent. - See more
A retired male public sector worker can expect an average monthly pension
of $2,348 compared to $982 for his private sector counterpart. For women, an

ex-public sector worker can look forward to an average monthly pension of
$1,540 compared to $324 for her private sector equivalent.

A retired male public sector worker can expect an average monthly pension
of $2,348 compared to $982 for his private sector counterpart. For women, an
ex-public sector worker can look forward to an average monthly pension of
$1,540 compared to $324 for her private sector equivalent.

A retired male public sector worker gets an average monthly pension of
$28,176 compared to $11,784 for his private sector counterpart. For women, an

ex-public sector worker gets an average monthly pension of $18,480 com-
pared to $3,888 for her private sector equivalent.

Your first response will be thats not very much but dont forget to add in a fully
qualified Canada Pension Plan is another $12,500 and Old Age Security is
$6,500. This means the average retiree gets over 15% more than the average
working Canadian wage of $40,500 in 2011.

Remember 65% of Canadians have no pension whatsoever.
It Gets Better

A retired male public sector worker can expect an average monthly pension
of $2,348 compared to $982 for his private sector counterpart. For women, an
ex-public sector worker can look forward to an average monthly pension of

$1,540 compared to $324 for her private sector equivalent. - See more
Some actuaries have commented that the main reason for longer life expec-

tancies is lack of stress in retirement.
Public sector employees live longer than private sector. Men today will live an-
other 27.3 years past 60 and a woman another 29.4 years.

The Best of All Worlds
Public sector employees retire up to ten years earlier than the private sector,
earn on average more than double that of those with pensions and will live to
an older age as well. Outcome
   1   2   3   4   5   6   7   8   9   10