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Pension Help

How does it work for pension if you change careers?

I have done my job for about 6 years but want to go back to school.

Will it really screw up the pension I have already created?

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5 Responses

  1. All depends on your pension plan document. Contact your HR department to find out what happens.

  2. PM me if you need help. I am a Pension Analyst but I would need to know which pension you have, how old you are and if you are going to a company with the same plan or a different plan.

  3. Kip Chaput Kip Chaput says:

    If its through a union in Alberta you are eligible to collect or transfer two yrs from last paycheck. As long as your 54 yrs old.

  4. If you’re talking about your pension at work, it’s pretty much the same as CPP, it grows as you work and contribute. I’m not sure why you think it will be messed up. You should talk to your HR department, if you are this concerned.

  5. What pension are you talking about CPP?
    Or a pension set up with a company?

    You only get CPP if you are paying into it, ie; through a job.
    If you go to school it’s still yours it stays with your govt account but it won’t grow until you start working again and pay into it!

    If you are getting a pension through work it as well sits there but doesn’t grow.

    Don’t stop yourself from going to school the pension will be there!

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