Customer Reviews

The Pension Puzzle: Your Complete Guide to Government Benefits, RRSPs and Employer Plans

5 star:		(2)
4 star:		(0)
3 star:		(1)
2 star:		(0)
1 star:		(1)

 

 

This is probably the best book I have read on Retirement Plans for Canadians. It covers the three main types of Retirement Plans: Canada Pension Plan (CPP), Old Age Security (OAS) and Employer Sponsored Plans (of many types). The authors provide a comprehensive view of Retirement Plans available to Canadians. I learned a lot of new things from this book; for example, that CPP is in very good fiscal health which is contrary to what I, and most people I know, believe. Highly recommended.

I own the first edition & have now purchased the updated second edition. Everyone who expects to receive a pension should buy this book. It explains in clear, concise terms all you need to know about government & employer pensions. Yes, it is all-Canadian & that is a good thing. Too many books sold in this country speak only of American retirement topics, few of which are of any use to Canadians. This book doesn't dwell on investment strategies - it details what you need to know about OAS, CPP & benefits from your employer's plan. One chapter shows pension rules & standards for each province. Other chapters explain the difference between defined benefit & defined contribution pensions, death, divorce & disability rules, RRSPs and RRIFs. There is a helpful glossary of commonly-used terms in the back as well as phone numbers & websites for government organizations which deal with pension issues. This book is worth every penny of its cost. I highly recommend it.

When I first saw this book I thought it would be a good read for my parents, but good thing I did more research on it and realized this book is strictly for Canadian citizens. I really have no comment. I just wish there were a similar book for us Americans.

I belong to a partnership with one employee. We're embroiled in confusion and arguments about our pension obligations to our employee. I thought this book would answer our problems. Maybe it would, if we lived in Canada. Unfortunately, the Amazon description of the book does not mention this tiny little detail.