What is pension a/c?

Question

amount of pension

Answer 1

The pension account is what you contribute periodically from your paycheque for your retirement.  Your retirement pension will depend on how much you have contributed into your pension account.  It can be a government pension (Canada Pension Plan), or a company pension where you work.  The following links provide further details.

Canada Pension Plan – General Information

http://www.hrsdc.gc.ca/en/isp/cpp/cpptoc...

Pension Plans in Canada by Statistics Canada:  Pension plans in Canada provides information on all employer sponsored pension plans in both the public and private sectors. Information is presented on male and female membership; type of plan (defined benefit, defined contributions), provincial distribution of members; labour force coverage; eligibility conditions; contribution and benefit rates; retirement ages; contributions paid into the plans; and vesting and indexing provisions.

http://dsp-psd.tpsgc.gc.ca/Collection-R/...