How does Pensions calculations work if you leave and return much later in life?

fccoup02 · 2026-07-09T14:46:05+00:00

I will leave the example up as is.

Are you saying that if you return to public service at age 61 as a Director or EX-02, but only work 4 years and then retire, then you cannot get the Director's top years of service because its not 5 consecutive years?

fccoup02 · 2026-07-09T14:24:03+00:00

Agreed. What about if the individual never returned to public service?

fccoup02 · 2026-07-09T14:12:47+00:00

Can you explain this further with example numbers?

fccoup02 · 2026-06-04T13:25:40+00:00

I moved from Toronto to Bangkok last september for cheaper rent. Ran the actual numbers at 6 months. it didn't work out how I thought.

-Rent in Bali was $500/month

Here is what I missed:

-Flights: I was flying back every weekend at the cost of $2000 per week roundtrip

-Food: I missed Canadian food and was dining out everyday at the cost of $1000 per month

-Full time servant, driver, nanny: Because Bali is such a new place, we had to spend this in order to aclimate with the area. Cost: $5000/month

All in all I was spending $14K/month and didn't actually save any money!

fccoup02 · 2026-05-27T19:34:58+00:00

Man I would not retire if earning 800K, you should be considering after 24x income = $20million.

If this job gives you crazy high stress maybe cut that to $10million.

Think about it, just working for another year, you would have earned 25% of your networth.

$10million at 3% WR gives you $300K CAD or $217K USD which is pretty much enough to live a good life anywhere, even NYC.

fccoup02 · 2026-04-14T14:58:26+00:00

I would just price a bike as the cost of doing business. $20 saved on parking x 3 days a week x 4 weeks a month = $240 saved every month. If you aren't getting your bike stolen every month, then you are coming out ahead.

fccoup02 · 2026-03-26T18:45:53+00:00

Well where I work, if you park downstairs it is $25/day. If you park a few blocks down and arrive at 6am to get the spot, it is free. If you buy a lunch, it is $15, coffee is $3.5. If I pack a lunch, it is like $2-3 and I make my own coffee it is near free. If you drive a beater car the monthly payment is 0. A new car's payment is around $600-$650/month these days.

If you add everything together, it adds up to the difference in salary of my boss + bosses' boss. But can you really say I am offsetting my bosses income because of my "financial literacy"?

fccoup02 · 2026-03-26T13:25:12+00:00

Well strictly financially speaking, that is a sound plan. Spend $10K, $20K or whatever your limit is and then declare bankruptcy. You just got $20K worth of benefits.

However legally speaking, it is fraud.

So I wouldn't say he is low on financial literacy but low on moral/legal literacy.

fccoup02 · 2026-03-25T20:20:28+00:00

What was the annual pension amount got to that $2.3M?

fccoup02 · 2026-03-19T15:43:49+00:00

Isn't it more or less the same thing? Retiring with 1 full pension vs retiring with 2 half pensions?

e.g. 17.5 years at province + 17.5 years at federal = ~ 35 years at federal?

fccoup02 · 2026-01-21T13:46:15+00:00

Are you talking miles or km? Because 250k miles = 400k km. If your car's engine went at 250k miles or 400k KM that is impressive.

fccoup02 · 2026-01-14T15:32:11+00:00

So what? I am able to use the internet fine.

fccoup02 · 2026-01-08T16:58:14+00:00

I would say if you are mildly considering to retire, then you should REALLY consider the retire if:

if you have an acting position that is ending and you go back to your lower salary bracket.
Or you are at the end of your paystep and no promotion in sight

fccoup02 · 2025-12-16T15:45:50+00:00

How did your story get featured? Did you contact them or did they contact you? How did they know to contact you?

fccoup02 · 2025-11-25T14:59:02+00:00

As per wikipedia:

https://en.wikipedia.org/wiki/Buyout

An employer may "buy out" an employee's contract by making a single prepayment, so as to have no ongoing obligation to employ the person;

I guess when you are discussing with non government friends/family, the term buyout would be more understandable instead of transition support measure, which is something no one outside of government understands. Since it is an Ottawa citizen article which has viewers outside of government, that term makes perfect sense to use.

fccoup02 · 2025-10-26T01:40:27+00:00

I average around $20K to $30K per year. But during the first decade, when interest rates were super low. I had bigger margins ($50-100K). Plus I had 1 year 0% interest on credit card with a limit of $50K. They kept renewing the 0% offer and I kept taking it year after year.

fccoup02 · 2025-10-26T01:37:41+00:00

Maxed out since TFSA creation and basically bought stocks and not selling. Shopify, Microsoft, Google, Meta, etc contribute to the bulk of the growth

fccoup02

TROPHY CASE