

{"id":1189,"date":"2012-05-28T13:08:21","date_gmt":"2012-05-28T17:08:21","guid":{"rendered":"https:\/\/cupfa.org\/?page_id=1189"},"modified":"2023-09-27T15:35:00","modified_gmt":"2023-09-27T19:35:00","slug":"pension-information","status":"publish","type":"page","link":"https:\/\/test.cupfa.org\/en_CA\/pension-information\/","title":{"rendered":"Pension"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Members are advised to obtain professional financial advice before making decisions about retirement. The following documents offer information to help members understand the Concordia Pension Plan but do not offer professional financial advice. CUPFA is not responsible for any financial decisions made by members.<\/span><\/p>\n<p><strong>1.\u00a0<\/strong><strong>PENSION PLAN for Part-Time Faculty at Concordia University<br \/>\n<\/strong>This updated document uses steps, charts, and examples to clearly explain how the Pension Plan for Employees of Concordia University works for part-time faculty. It is revised annually to include new information on contribution rates, new sample calculations, etc.<\/p>\n<p><span style=\"font-weight: 400;\">Members are encouraged to read another important updated document in the \u201cRetirement Planning\u201d subsection (below this \u201cPension Information\u201d subsection).<\/span><\/p>\n<p><strong>\u00bb <\/strong>Download: <a href=\"http:\/\/cupfa.org\/documents\/HOW_THE_PENSION_PLAN_WORKS_CUPFA.pdf\"><span style=\"font-weight: 400;\">How the Pension Plan Works for Part-time Faculty at Concordia University<\/span><\/a><br \/>\n<strong>\u00bb <\/strong>T\u00e9l\u00e9charger:\u00a0<a href=\"http:\/\/cupfa.org\/documents\/FONCTIONNEMENT_DU_REGIME_DE_RETRAITE_APTPUC.pdf\"><span style=\"font-weight: 400;\">Fonctionnement du R\u00e9gime de Retraite des Profs \u00e0 TP de l&#8217;Universit\u00e9 Concordia<\/span><\/a><\/p>\n<p><strong>2.\u00a0Comparing RRIF to Annuity \u2013 an article from the <i>RetirementAdvisor.ca<\/i> website<\/strong><br \/>\n<span style=\"font-weight: 400;\">This explanation of the differences between RRIFs and Annuities is relevant when considering how to convert your RRSP into an effective flow of income for your retirement. Individuals must convert all RRSPs by the end of the year they reach 71 years of age. *Article presented for information purposes only<\/span><span style=\"font-weight: 400;\">.<\/span><br \/>\n\u00bb<strong>\u00a0<\/strong> <a href=\"https:\/\/cupfa.org\/wp-content\/uploads\/2012\/05\/Comparing_RRIF_to_Annuity_from-RetirementAdvisor_May2012.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Download<\/a><\/p>\n<p><strong>3.\u00a0Over to You \u2013 an article from <i>The Economist\u00a0<\/i>magazine<\/strong><br \/>\nThis is a reprint of an article that appeared in a special edition of The Economist magazine on pensions (7 April 2011). \u00a0 This article discusses defined benefit vs defined contribution pension plans.<br \/>\n\u00bb<strong>\u00a0<\/strong> <a href=\"https:\/\/cupfa.org\/wp-content\/uploads\/2012\/05\/Over_to_You_The-Economist_7_April_2011.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Download <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p><span style=\"font-weight: 400;\">Members are advised to obtain professional financial advice before making decisions about retirement. The following documents offer information to help members understand the Concordia Pension Plan but do not offer pro&#8230;<\/p>\n","protected":false},"author":13,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"_links":{"self":[{"href":"https:\/\/test.cupfa.org\/en_CA\/wp-json\/wp\/v2\/pages\/1189"}],"collection":[{"href":"https:\/\/test.cupfa.org\/en_CA\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/test.cupfa.org\/en_CA\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/test.cupfa.org\/en_CA\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/test.cupfa.org\/en_CA\/wp-json\/wp\/v2\/comments?post=1189"}],"version-history":[{"count":28,"href":"https:\/\/test.cupfa.org\/en_CA\/wp-json\/wp\/v2\/pages\/1189\/revisions"}],"predecessor-version":[{"id":6728,"href":"https:\/\/test.cupfa.org\/en_CA\/wp-json\/wp\/v2\/pages\/1189\/revisions\/6728"}],"wp:attachment":[{"href":"https:\/\/test.cupfa.org\/en_CA\/wp-json\/wp\/v2\/media?parent=1189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}