Planning Your Retirement
Net retirement income
Take into account the expenses you will no longer have when retired such as contributions to public programs and group insurance:
- The Quebec Pension Plan or Canada Pension Plan: 5.325% or 4.95% of income between $3,500 and $54,900 (2016 maximum: $2,737.05 or $2,544.30).
- Employment Insurance: 1.88% of income up to a maximum insurable amount of $50,800 (2016 maximum: $955.04).
- Your pension plan: 4.0% to 14.38% of your salary exceeding $13,725 or $19,215 in 2016, according to your pension plan (for example, at RREGOP in 2016: 11.12% of your salary exceeding $13,725).
- Your group Insurance: Life insurance, disability, health, etc.
- Your dues: Professional associations, unions, etc.
Check which coverage can be maintained and determine if you and your loved ones have adequate coverage in the event of death or illness.
- Our permanent life insurance products are designed for individuals age 50 and over.
- Our health, accident and long term care insurance products will allow you to be independent and maintain your quality of life.