Finance Minister Jim Flaherty seems to sneak in pension-related measures into each of his budgets. And this one was no exception. The minister is giving workers who are relatively close to retirement, or already retired, the option of phased retirement. In so doing, he is allowing them to draw on a defined benefit pension plan […]
Finance Minister Jim Flaherty’s proposal to give workers who are relatively close to retirement, or already retired, the option of phased retirement has received positive feedback. “Phased retirement will provide employers with another option to retain older workers,” says Garry Tramer, general manager with the Saskatchewan Healthcare Employees’ Pension Plan (SHEPP). “Rather than retiring in […]