Path: utzoo!utgpu!water!watmath!onfcanim!dave
From: dave@onfcanim.UUCP (Dave Martindale)
Newsgroups: can.general
Subject: Re: RRSP unfairness
Message-ID: <15565@onfcanim.UUCP>
Date: 3 Mar 88 03:39:08 GMT
References: <5464@watdragon.waterloo.edu>
Reply-To: dave@onfcanim.UUCP (Dave Martindale)
Distribution: can
Organization: National Film Board / Office national du film, Montreal
Lines: 16

In article <5464@watdragon.waterloo.edu> hwarkentyne@watdragon.waterloo.edu (Kenneth Warkentyne) writes:

>When Mr. Martindale retires, he will get a retirement
>income based on his salary that is indexed to inflation.  In most
>cases (especially if you work for the government) the total benefits of
>this package are better than what he would get if he withdrew from the
>pension plan and contributed his money to an RRSP.

Assuming that I work for the federal government for the next 33 years,
and that the pension plan is still indexed to inflation when I retire.

But, it just coincidental and perhaps ironic that I work for the
government.  My main comment applies to anyone who is required to
belong to a company pension plan, where the payback at retirement is
probably not indexed to inflation but rather bears at least some
resemblance to money that was invested many years previously.