Most retirement planners suggest you need about 70 percent of your pre-retirement income to continue living the same lifestyle into retirement. The federal government provides for a portion of this amount through programs such as the Canada Pension Plan (CPP) and Old Age Security (OAS). A majority, however, must come from personal savings and employer plans.
CLAC negotiates and manages two retirement savings plans in order to assist you in building up your retirement nest egg. Check your collective agreement to determine if you are receiving pension plan or group RSP contributions.
Call one of our knowledgeable regional reps today to start the process of transforming your workplace into one marked by progressive labour relations.