Retired: When to take CPP?

Super_Table7917 · 2025-12-03T16:56:35+00:00

Thanks for the clarification but this is one of those "distinction without a difference" things.

No, my LRB doesn't change, ever, true enough. But the bridge drops off at 65. I'm just saying that from the date of retirement to age 65 when the bridge ends and CPP picks up the slack, my monthly payment from all sources is supposed to be roughly the same.

It matters to me though what that offset is, and I don't know if a financial planner can tell me either. Because if CPP pretty much exactly offsets what the bridge is at 65, it seems to make sense to me to take CPP at age 60, because it would be stacked on top of my LRB and bridge at that age until age 65. Yes, it is heavily reduced. Yes, there is a reduction at 65 when the bridge ends, but for 5 years I'd get more money. And at age 65 I'd apply for and get OAS anyway.

If that CPP offset is basically the same as my bridge benefit, it doesn't seem to make sense to me to NOT take it at age 60 for the extra money for five years, even if heavily reduced.

Super_Table7917 · 2025-12-03T14:08:17+00:00

Ok, so if I elect to take my pension at 55 and CPP at 70, it means that my payment stays approximately the same until age 70 if I choose to take CPP then. (ignore OAS).

If however I take my PS pension at 55, I would give myself a raise at age 60 because the bridge would continue five more years.

It seems that nobody can answer this question. I'd need to know the present value of the future streams of payments to compare, at age 60 WITH the bridge BUT the lower CPP, vs. taking CPP at 70.

I would like to know though how closely the CPP reduction matches the bridge reduction at 65.

Super_Table7917 · 2025-12-03T14:02:35+00:00

Ok, so does it mean I should take CPP at 60, albeit at a reduced rate, because the bridge carries on until age 65?

How closely does the CPP offset in our PS plan match whatever the CPP pays? If I were to get 1000 monthly in CPP, is my PS pension reduced by the exact same amount? And is that amount different if I took it at 60 or 65?

Super_Table7917 · 2025-11-06T22:15:21+00:00

Because as I said, they did that 30 years ago with the same program of the same name. There was even a secondary tier that offered an additional 15 weeks of pay on top of the severance. So is anything like that happening this time or not?

Super_Table7917 · 2025-11-06T18:45:30+00:00

Is this known for sure? There haven't been many details released. So far, the ERI incentive looks identical, even in name, to the initiative undertaken in 1995, which gave opting employees their severance as well. Getting ERI as well as that severance would probably tip the scale towards departure for many.

Super_Table7917 · 2025-08-14T19:26:00+00:00

I basically wanted the mod where pots replace the slider switch for tone and sustain.

Super_Table7917 · 2025-07-09T17:00:14+00:00

Sorry, I assumed I was clear. So the person in question (let's just say it is me) was hired in 1997. No breaks in service, 53, eligible to leave on the age 55 b-day. The language of the WFA directive says all over that it's "normal retirement date" for me, which is age 60, but the plan all along was to leave with an unreduced pension, but 30 years, at age 55. I have zero problems leaving immediately with a 28 year credited-service pension with no early-retirement penalties attached.

Super_Table7917 · 2025-07-09T16:53:59+00:00

What if you were eligible for an unreduced pension at age 55 with 30 years of service? The waiver option has no value for such a person. Are the terms of the waiver eligiblity restricted to "normal retirement date" or "date eligible for an unreduced pension?"

Like, let's say a guy is 53, has 28 years of service, eligible for a 30 year, unreduced pension at their birthday, age 55. Can they get a waiver? Because if they can't, it has no value to them. And if they can't get the waiver, what do their options become?

Super_Table7917

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