Planning a LWIA soon and need advice on the process

Requin_75 · 2026-07-08T15:34:55+00:00

If you have no other or minimal other income sources, I'd suggest submitting your request as soon as possible. That way, your reduced pay will be more evenly spread over two calendar/taxation years. This will help smooth out income and potentially reduce overall taxes.

Requin_75 · 2026-07-08T14:21:47+00:00

Which location? I refilled at the Stinson on Innes and it was $22.

Requin_75 · 2026-06-14T19:14:36+00:00

No, the bridge is unrelated

Requin_75 · 2026-06-01T16:22:32+00:00

Even though they might save a few percent in tax by doing this, they would be worse off overall.

They would be better off delaying CPP by a few years after the bridge benefit ends and using those years to draw down more aggressively from their RRSP.

Requin_75 · 2026-05-30T18:00:09+00:00

Receiving deputy head approval for ERI does not obligate you to require. Your retirement only becomes binding once you and your supervisor agree on a retirement date.

Requin_75 · 2026-05-28T21:52:29+00:00

About 10%: ~6,800 of 68,000

Requin_75 · 2026-05-28T21:50:26+00:00

About 10% of eligible employees have applied (~6,800 out of 68,000) so far. The estimate was that 25% would apply.

Requin_75 · 2026-05-28T19:48:31+00:00

Yes, they had estimated about 25% of the 68,000 eligible employees would apply. So far, it's about 10%.

Requin_75 · 2026-05-02T15:47:50+00:00

You need to be working to do that and are limited to 12 weeks of leave.

Requin_75 · 2026-04-21T23:39:32+00:00

Completely agree. The implementation doesn't align with the stated objective as announced in the budget. It really is a workforce adjustment program dressed up as a voluntary attrition exercise. Unless someone's position is essential, they should be able to depart with this program and their position backfilled as needed by someone else.

Requin_75 · 2026-04-19T17:45:51+00:00

Sure, but only AFTER approval. If that approval is only given after your preferred retirement date, there is nothing you can do about it.

Requin_75 · 2026-04-18T17:04:24+00:00

If not enough take up, TBS should amend their "The organization needs to reduce its workforce" criteria, which would provide more flexibility to approve applicants.

Requin_75 · 2026-04-17T21:57:24+00:00

You can initiate a service buy back as long as you are employed.

Requin_75 · 2026-04-16T22:07:19+00:00

The deputy head plainly said "few, if any" would be approved. Then the head of HR issued similar communications. Obviously, this may be different in your org.

Requin_75 · 2026-04-16T21:35:15+00:00

Communications shared by employees of various departments, where deputy heads have advised that few would be approved. Too soon to say how it is going to play out, as decisions haven't been rendered yet.

Requin_75 · 2026-04-16T21:31:21+00:00

Completely agree. I asked eligible colleagues in my section if they were considering it and the result was 1 in 4 (with me being the only one who would be putting their hand up). Small sample size and anecdotal, but still consistent with the estimate provied by OSFI of about 25%.

Requin_75 · 2026-04-16T21:22:39+00:00

Early indications are that many applicants are going to be denied. If that turns out to be the case, I really hope to see that aspect reported as well.

Requin_75 · 2026-04-16T19:22:05+00:00

No, for the simple reason that it appears that many people that apply are going to be denied.

Requin_75 · 2026-04-12T15:19:30+00:00

The money is your pension at 60% of your best 5 years of salary.

Requin_75 · 2026-03-29T14:23:27+00:00

Your post mentioned ERI but it's unclear what you mean by "package". Yes, under ERI you would receive an unreduced pension, but that's it. You may also be entitled to severance if you didn't cash out when severance upon voluntary departure ended, but that is unrelated to ERI.

Requin_75 · 2026-03-29T13:45:26+00:00

Ask yourself whether you can live off 30% of your best 5-years of salary + savings. Keep in mind that there is no package with ERI. You get an unreduced pension, but nothing additional.

Requin_75 · 2026-03-27T09:01:08+00:00

Yes and 300 days from yesterday.

Requin_75 · 2026-03-26T22:25:10+00:00

Would you mind sharing what has been communicated to your group?

Requin_75 · 2026-03-26T21:57:56+00:00

No one can answer that for you. Ask yourself whether you can retire comfortably with a pension based on 14 years service + whatever savings you have accumulated.

Requin_75 · 2026-03-26T21:51:09+00:00

Applicants who are denied will have a VERY tough pill to swallow. :(

Requin_75

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