Employer Verified Available to CA-based employees (Change location)
There is DB portion of the pension plan
Typical for a Canadian Financial Institution.
Plan is a Defined contribution plan
Pension Plan is pretty good
Offer to match employee contributions
Do not provide valuable amount compare to the market.
No more full defined benefits for the new hire. A mixture more skewered towards defined contributions
Will contribute same amount to pension
No real complaints here - most companies have eliminated it altogether.
Up until recently pension benefits were DB - I believe they are now DC (matching) - or a mix. Pension is well administered and the projected payout is fair.