Tomorrow is my last trip before I begin pre retirement annual vacation

[DKG]

Congratulations Brent. You are leaving young, healthy with lots of energy to start new adventures.

I plan on retiring in another seven or eight years. I will be fifty this year. And then I can start golfing everyday.

[Lokmar]

You must have really hated your job, eh Brent?

josephine is jelly. What a lil beyotch!!!

[Brent]

I am on my way back to my home terminal. I am soon going to start the next chapter in my life. But, first a trip to Playa Del Carmen next week.

[Thiel]

I am on my way back to my home terminal. I am soon going to start the next chapter in my life. But, first a trip to Playa Del Carmen next week.

Enjoy your Mexican holiday.

[formosan]

After 34 years at Canadian Pacific, tomorrow's trip will be my last.

I turn 55 on April 25 and I officially retire May 1. I have to use up my annual vacation left over from 2023 plus 2024's AV, plus stat days, plus some banked time. That will carry me until May 1.

Brent, I wish you health, and happiness as you commence new adventures.

[caskur]

They make us retire at 67 in Australia.

They work us to death

[Shen Li]

They make us retire at 67 in Australia.

They work us to death

You can collect a heavily reduced Canada Pension Plan at 60 here. Our Old Age Security kicks in at 65. But, defined benefit pension plans are not paid for through general revenues like OAS is or mandated payroll taxes like CPP.

His pension is a private defined benefit plan. Not many companies have them anymore.

[Brent]

They make us retire at 67 in Australia.

They work us to death

We have a private defined benefit pension at Canadian Pacific. I can't collect CPP until I am at least sixty, and it will be cut back 36 percent if I take it that early. I can't collect Old Age Security until I am at least sixty five. And my income will be too high to collect the Guaranteed Income Supplement.

None of those three pay enough to live on. In Canada, you have to have company matching RRSP's or a private pension. Otherwise you end up a broke seventy year old like Joe. I would not wish that on my worst enemy.

[caskur]

Yeah but when you are on a pension in Oz, everything you buy is cheaper for instance a prescription that might cost $25 will only cost $7.60.... and your council rates that might be over $2,000 a year cost you $1,000.

In actual fact life on pensions in Australia are good but if you are a drinker, smoker or gambler then your pension doesn't really stretch.

[Herman]

Yeah but when you are on a pension in Oz, everything you buy is cheaper for instance a prescription that might cost $25 will only cost $7.60.... and your council rates that might be over $2,000 a year cost you $1,000.

In actual fact life on pensions in Australia are good but if you are a drinker, smoker or gambler then your pension doesn't really stretch.

There are discounts here too. But, old Jock's pension aint like a compulsory public pension.

I will have next to nothing in my CPP because I worked outside Canada most of my working life.

[caskur]

There are discounts here too. But, old Jock's pension aint like a compulsory public pension.

I will have next to nothing in my CPP because I worked outside Canada most of my working life.

We don't discriminate like that..

If the pension is $470 a week... everyone gets that whether you have worked for 0 years or 40 years.

[Herman]

We don't discriminate like that..

If the pension is $470 a week... everyone gets that whether you have worked for 0 years or 40 years.

That is like our Old Age Security. We have three different tupes of public pensions.
-Canada Pension plan which you have to contribute to to collect.
-Old Age Security which everybody 65 and over collects. I think it's about $730 a month.
-Guaranteed Income Supplement. It is about $320 a month. You have to be 65 for that one too. You have to be under a certain income level for that. I think it is about $70,000 a year. Old Jock won't qualify for that when he turns 65. Not with a golden plated pension from Canadian Pacific plus his CPP.

[caskur]

That is like our Old Age Security. We have three different tupes of public pensions.
-Canada Pension plan which you have to contribute to to collect.
-Old Age Security which everybody 65 and over collects. I think it's about $730 a month.
-Guaranteed Income Supplement. It is about $320 a month. You have to be 65 for that one too. You have to be under a certain income level for that. I think it is about $70,000 a year. Old Jock won't qualify for that when he turns 65. Not with golden plated pension from Canadian Pacific plus his CPP.

We too have another system. SUPERANNUATION... WHERE you receive a part pension and top up with your super savings.

[Herman]

We too have another system. SUPERANNUATION... WHERE you receive a part pension and top up with your super savings.

Ya, I remember that when I lived in Queensland.

[caskur]

Ya, I remember that when I lived in Queensland.

You might have super you don't know about. You should check.