Liberal Minority Government 2025 - ???

[lenaitch]

Yes. PMMC has proposed amendments to th PSSA that would give BSOs and other front line emergency services personnel a 25 and out pension similar to what the RCMP currently enjoy.

Is that the best three or five earning years at 2% per year?

Or, stay in for the whole ride. After 35 years of service: maximum pension

That's an OMERS rule but it's not universal. The Ontario Public Service Pension Plan has no maximum; 2% of the average of the best three years earnings x years of service. I know at least one OPP member who went 50 years so retired at 100% (less all the employment deductions). I know several members who have served 40+ years.

 

[The Bread Guy]

Wonder how much this will cost us.

Canada cancels plan to donate refurbished armour to Ukraine: defence minister​

Demise of Armatec contract still shrouded in secrecy; David McGuinty refuses to explain​

I guess last week's CBC's guess was correct

Canada's plan to donate refurbished armour to Ukraine appears to be on the scrap heap

Ukraine was supposed to receive more than two dozen rebuilt light armoured vehicles from Canada in a deal brokered through a federal agency. However, the plan has been dropped from the Canadian Commercial Corporation listing and the agency, along with the Defence Department, refuse to say why.

ca.news.yahoo.com

 

[Czech_pivo]

I guess last week's CBC's guess was correct

Canada's plan to donate refurbished armour to Ukraine appears to be on the scrap heap

Ukraine was supposed to receive more than two dozen rebuilt light armoured vehicles from Canada in a deal brokered through a federal agency. However, the plan has been dropped from the Canadian Commercial Corporation listing and the agency, along with the Defence Department, refuse to say why.

ca.news.yahoo.com

At the 50,000 ft level it looks like the company in London/Dorchester might be unable to deliver the goods.

 

[Haggis]

Is that the best three or five earning years at 2% per year?

We're assuming so, but haven't seen any details yet.

 

[mariomike]

Which is an increasingly rare choice these days....

Of course you are right.

Seemed so simple back then. Do your work, live your life....

That's an OMERS rule but it's not universal.

Right.

Effective January 1, 2021, OMERS eliminated the 35-year cap on credited service for members who had less than 35 years of service before that date. This means that if you were in this group, you can now continue to accumulate credited service and contribute to the plan beyond 35 years. For members who had already met the 35-year limit before January 1, 2021, the cap still applies.

I've been an OMERS member since 1972. So, when I maxed out, I GTFO.

Would have stayed on had it not been for the 35-year cap.

Saw this RCMP pension formula:

2% × Years of pensionable service (maximum 35 years) × Your highest average salary for your best 5 consecutive years of service

https://rcmp-grc.pension.gc.ca/rtr/rnsrgm/apr-pe-eng.html#a3

 

[brihard]

Saw this RCMP pension formula:

2% × Years of pensionable service (maximum 35 years) × Your highest average salary for your best 5 consecutive years of service

https://rcmp-grc.pension.gc.ca/rtr/rnsrgm/apr-pe-eng.html#a3

Looks like they have the same basic formula as CAF and the Public Service, which makes sense. My understanding that there are some variances in the formula used to trigger eligibility for immediate annuity (is pension now without penalty). There can also be some variances around when indexing kicks in.

 

[mariomike]

Looks like they have the same basic formula as CAF and the Public Service, which makes sense. My understanding that there are some variances in the formula used to trigger eligibility for immediate annuity (is pension now without penalty). There can also be some variances around when indexing kicks in.

Saw this on AI,

Yes, a Royal Canadian Mounted Police (RCMP) member can receive an unreduced pension after 25 years of service, regardless of age, under the current pension plan for regular members. This is sometimes referred to as "25 and out" for public safety workers.

Eligibility for an unreduced pension
For regular members: You become entitled to an unreduced pension at age 60 with at least two years of service, or at any age with 25 years of service.

 

[MilEME09]

Where did you get this figure?

Manually did the math, right now 18.7% of the population if over 65. This is estimated to grow to 25% by the end of the decade. 17% of the population is under 16, couple with according to statscan, 40% of the adult population cant work. Roughly speaking that means about 15 million people are supporting 40+ million. This means 38.58% of our population of 40 million is supporting the entire country.

 

[Czech_pivo]

Manually did the math, right now 18.7% of the population if over 65. This is estimated to grow to 25% by the end of the decade. 17% of the population is under 16, couple with according to statscan, 40% of the adult population cant work. Roughly speaking that means about 15 million people are supporting 40+ million. This means 38.58% of our population of 40 million is supporting the entire country.

What do you mean ‘40% of the adult population can’t work’?
Can’t work, won’t work, in school, in jail, raising a family ?

 

[Remius]

https://www.cbc.ca/news/politics/liberal-budget-support-vote-9.6947268

Election before Christmas?

I’m sure everyone will be thrilled lol.