New CPP/QPP online retirement tool
Sun Life Financial launches tool to help Canadians determine their best age to retire
01/31/2011|Canadian Payroll Reporter|Last Updated: 01/31/2011
Sun Life Financial has launched a Canadian Pension Plan (CPP)/Quebec Pension Plan (QPP) calculator to help Canadians determine the ideal age to take their government pensions.
Users answer questions related to demographic, salary and longevity and the answers are analyzed to generate the age response.
Many employees don’t fully understand the retirement benefits they are eligible for in retirement and this tool can help them understand when they would be financial ready to retire.
The CPP/QPP calculator is available at www.myretirementcafe.ca.