A civil servant’s sweet payoff

Federal government worker
Average age at retirement: 58
Years of service: 26
Years collecting a pension: 27
Estimated value of pension at retirement: $560,000 to $660,000 (based on a projected real return of 2.8% to 4.3% a year)
Amount of pension currently contributed by the employee: 33%
Pension benefit is equivalent to what percentage of worker’s salary? 12% to 20%

RCMP employee
Average age at retirement: 54
Years of service: 31
Years collecting a pension: 32
Estimated value of pension at retirement: $820,000 to $990,000 (based on a projected real return of 2.8% to 4.3% a year)
Amount of pension currently contributed by the employee: 31%
Pension benefit is equivalent to what percentage of worker’s salary? 14% to 24%

Canadian Forces employee
Average age at retirement: 45
Years of service: 25
Years collecting a pension: 39
Estimated value of pension at retirement: $640,000 to $790,000 (based on a projected real return of 2.8% to 4.3% a year)
Amount of pension currently contributed by the employee: 27%
Pension benefit is equivalent to what percentage of worker’s salary? 15% to 24%

Ontario schoolteacher
Average age at retirement: 59
Years of service: 26
Years collecting a pension: 30
Estimated value of pension at retirement: $650,000 to $840,000 (based on a projected real return of 2% to 4% a year)
Amount of pension currently contributed by the employee: 50%
Pension benefit is equivalent to what percentage of worker’s salary? 11%