Pension options comparison tables

See how different pension options in retirement are affected by plan changes


  • Pat is 58 on June 28, 2018, she has 25 years of service, her annual HAS is $79,200 and she is a 10-month employee
  • Pat has a spouse who is 59 and they want to see all standard options
  • Pat will be 59 in June 2019, her spouse will be 60, and the annual HAS is still $79,200 but she now has 26 years of service

Option: Single life option

Age June 2018 Retirement June 2019 Retirement Total Difference
Before age 65 $3,090.93 (includes bridge benefit of $734.53) $3,321.29 (includes bridge benefit of $757.97) Increase of $230.36 ($19.33 due to the upcoming improvements; $211.03 due to working an extra year)
65 and over $2,356.40 $2,563.32 Increase of $206.92 ($19.33 due to the upcoming improvements; $187.59 due to working an extra year)

Option: Single life 5-year guarantee option

Age June 2018 Retirement June 2019 Retirement Total Difference
Before age 65 $3,087.87 (includes bridge benefit of $734.53) $3,317.72 (includes bridge benefit of $757.97) Increase of $229.85 ($19.32 due to the upcoming improvements; $210.53 due to working an extra year)
65 and over $2,353.34 $2,559.75 Increase of $206.41 ($19.32 due to the upcoming improvements; $187.09 due to working an extra year)

Option: Single life 10-year guarantee option

Age June 2018 Retirement June 2019 Retirement Total Difference
Before age 65 $3,078.68 (includes bridge benefit of $734.53) $3,306.76 (includes bridge benefit of $757.97) Increase of $228.08 ($19.30 due to the upcoming improvements; $208.78 due to working an extra year)
65 and over $2,344.15 $2,548.79 Increase of $204.64 ($19.30 due to the upcoming improvements; $185.34 due to working an extra year)

Option: Single life 15-year guarantee option

Age June 2018 Retirement June 2019 Retirement Total Difference
Before age 65 $3,063.36 (includes bridge benefit of $734.53) $3,288.41 (includes bridge benefit of $757.97) Increase of $225.05 ($19.01 due to the upcoming improvements; $206.04 due to working an extra year)
65 and over $2,328.83 $2,530.44 Increase of $201.61 ($19.01 due to the upcoming improvements; $182.60 due to working an extra year)

Option: Single life 10-year guarantee option with temporary annuity

Age June 2018 Retirement June 2019 Retirement Total Difference
Before age 65 $3,463.22 (includes bridge benefit of $734.53 and a TA of $580) $3,713.40 (includes bridge benefit of $757.97 and a TA of $580) Increase of $250.18 ($19.36 due to the upcoming improvements; $230.82 due to working an extra year)
65 and over $2,148.69 $2,354.06 Increase of $226.74 ($19.36 due to the upcoming improvements; $207.38 due to working an extra year)

Option: 100 per cent joint life option

Age June 2018 Retirement June 2019 Retirement Total Difference
Before age 65 $2,902.42 (includes bridge benefit of $734.53) $3,112.03 (includes bridge benefit of $757.97) Increase of $209.61 ($19.70 due to the upcoming improvements; $189.92 due to working an extra year)
65 and over $2,167.89 $2,354.06 Increase of $186.17 ($19.70 due to the upcoming improvements; $166.48 due to working an extra year)

Option: 100 per cent joint life option with temporary annuity

Age June 2018 Retirement June 2019 Retirement Total Difference
Before age 65 $3,301.63 (includes bridge benefit of $734.53 and a TA of $580) $3,531.89 (includes bridge benefit of $757.97 and a TA of $580) Increase of $230.26 ($19.58 due to the upcoming improvements; $210.68 due to working an extra year)
65 and over $1,987.10 $2,193.92 Increase of $206.82 ($19.58 due to the upcoming improvements; $187.24 due to working an extra year)

Option: 80 per cent joint life option with single life 10-year guarantee

Age June 2018 Retirement June 2019 Retirement Total Difference
Before age 65 $2,935.17 (includes bridge benefit of $734.53) $3,148.48 (includes bridge benefit of $757.97) Increase of $213.31 ($20.02 due to the upcoming improvements; $193.29 due to working an extra year)
65 and over $2,200.64 $2,390.51 Increase of $189.87 ($20.02 due to the upcoming improvements; $169.85 due to working an extra year)

Option: 80 per cent joint life option with single life 15-year guarantee

Age June 2018 Retirement June 2019 Retirement Total Difference
Before age 65 $2,931.64 (includes bridge benefit of $734.53) $3,144.15 (includes bridge benefit of $757.97) Increase of $212.51 ($20.01 due to the upcoming improvements; $192.50 due to working an extra year)
65 and over $2,197.11 $2,386.18 Increase of $189.07 ($20.01 due to the upcoming improvements; $169.06 due to working an extra year)

Option: 60 per cent joint life option with single life 10-year guarantee

Age June 2018 Retirement June 2019 Retirement Total Difference
Before age 65 $2,968.87 (includes bridge benefit of $734.53) $3,186.20 (includes bridge benefit of $757.97) Increase of $217.33 ($20.35 due to the upcoming improvements; $196.98 due to working an extra year)
65 and over $2,234.34 $2,428.23 Increase of $193.89 ($20.35 due to the upcoming improvements; $173.55 due to working an extra year)

Option: 60 per cent joint life option with single life 15-year guarantee

Age June 2018 Retirement June 2019 Retirement Total Difference
Before age 65 $2,962.27 (includes bridge benefit of $734.53) $3,178.05 (includes bridge benefit of $757.97) Increase of $215.78 ($20.08 due to the upcoming improvements; $195.70 due to working an extra year)
65 and over $2,227.74 $2,420.08 Increase of $192.34 ($20.08 due to the upcoming improvements; $172.26 due to working an extra year)

Option: 40 per cent joint life option with single life 10-year guarantee

Age June 2018 Retirement June 2019 Retirement Total Difference
Before age 65 $3,003.74 (includes bridge benefit of $734.53) $3,224.94 (includes bridge benefit of $757.97) Increase of $221.20 ($20.67 due to the upcoming improvements; $200.53 due to working an extra year)
65 and over $2,269.21 $2,466.97 Increase of $197.76 ($20.67 due to the upcoming improvements; $177.09 due to working an extra year)