Access the Pension Estimator

Using the Pension Estimator

Learn how to estimate your possible monthly retirement income with the funds that you have accrued in the pension plan based on your expected retirement date or your retirement age.

‍

What is the Pension Estimator?

The Pension Estimator is a tool provided to assist you in preparing for your financial future. All amounts provided by the Pension Estimator are estimates and subject to a formal calculation provided by the Pension Plan administrator before your retirement.

The Pension Estimator projects your possible future retirement income based on the assumptions that you have provided and will calculate your estimate retirement income based your age, on an assumed rate of return, and a legislative Minimums & Maximums monthly withdrawals from your account balance until all funds have been depleted.

The Pension Estimator's results are estimates and are based on the information that you have provided . The results should not be considered financial advice and should not be used for financial planning.

Please contact our office four to six months before your intended retirement date for a personalized Retirement estimate package which will provide you several options available at retirement.

‍

How to use the Pension Estimator?

To get started, go to the Pension Estimator page:

‍

For the projection, start by selecting the criteria you want to use:

• a retirement age or
• a retirement date.

‍

Note: The retirement age or date entered cannot be earlier than your current age or the current date and cannot be earlier than the earliest age at which you are permitted to retire from the pension plan.

‍

To calculate by using your retirement date

1. Enter the retirement date for which you wish to have your retirement income projected.
2. If you have a Spouse/Common-Law Partner and wish to use your Spouse/Common Law Partner’s age for the projection, click on Use age for a drop down menu to enter your Spouse/ Common Law Partner’s date of birth.

‍

To calculate using your retirement age

1. Enter the retirement age for which you wish to get the projection. It must be between 50 and 71 years of age.
2. If you have a Spouse/Common-Law Partner, enter your Spouse/Common- Law Partner's date of birth; it may impact your projected income.
3. Click on Calculate.