CBC News asked an accounting professor with pension expertise to estimate the value of all five major party leaders’ pensions. Four other experts, including an actuary, reviewed his findings.
There were five experts, the one I mentioned and four others reviewed him.
There’s a big difference between the value of their funds and how much they’re actually entitled to. The value of what they put in doesn’t influence how much they get (contrary to most pension funds), their best 5 years determines what they get and there’s a cap that’s based on the salary they had during those 5 years, that’s it.
There were five experts, the one I mentioned and four others reviewed him.
There’s a big difference between the value of their funds and how much they’re actually entitled to. The value of what they put in doesn’t influence how much they get (contrary to most pension funds), their best 5 years determines what they get and there’s a cap that’s based on the salary they had during those 5 years, that’s it.