Tell a 60-year-old Canadian with a $4,200 per month defined benefit pension that they are sitting on an asset worth close to $1 million, and they might shrug it off as an abstraction.
Offer that same person that lump sum up front, and it’s a different story, says Jeremy Phillips, president and chief executive of Regina-based Plannera Pension and Benefits, which administers Saskatchewan’s Public Employees Pension Plan, the largest Read Entire Article
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