You add up to 4% of your salary and the Bank will match it.
Recent changes to the Pension Plan have made is significantly less of a benefit. Don't expect the company pension to be a significant part of your retirement income, unless you have worked at the company full time and contributed your own funds over many years.
you can only contribute up to 4% of your salary, and the bank matches 100%
as a contractor, I don't have this plan. But I heard that their plan is the average among the five banks.
overall is is okay so far.
It offered stock options which could be rolled over into RRSPs.
Recently changed from a DB to a DC plan. DC plans are always better.
Now they changed to defined benefit plan. Poor rrsp matching
Pension is okay they recently made changes so apparently it is not as good now...defined benefit pension based on years of service ans highest avg salary
Easy to understand and it's taken out of pay so hassle free. You can also buy into the bank share which is awesome.