DB Pension Calculator (Canada)

Current Age

Planned Retirement Age

Average Annual Salary for Pension Calculation ($)

Often your best 3 or 5 years of earnings, or final average.

Years of Service at Retirement

Total years you expect to contribute to the DB plan.

Benefit Accrual Rate (%)

1.5%

e.g., 1.5% means 1.5% of salary per year of service.

Plan’s Unreduced Retirement Age

Age at which your pension is paid without reduction.

Early Retirement Reduction Rate (% per year)

5.0%

Annual reduction if retiring before the unreduced age.

Expected Inflation Rate (%)

2.0%

Used to show your pension in today’s purchasing power.

Your DB Pension Estimate

Estimated Annual DB Pension (Nominal)

$-

Estimated Monthly DB Pension (Nominal)

$-

Estimated Monthly DB Pension (In Today’s Dollars)

$-

(Adjusted for inflation until retirement)

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