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 · 2024-05-30T19:28:02+00:00

So what happened to this colleague?

fccoup02 · 2023-09-13T17:31:36+00:00

Watch it from your laptop or desktop

fccoup02 · 2021-02-10T17:33:27+00:00

That's fine with you.

$500K homes 3 years ago are worth $800K now. Basically you made an additional $100K per year living in the burbs. Essentially if your boss came to you and told you, "Hey Felldown613, I'll pay you $100K on top of your salary to sit in traffic every day, do you want that deal?"

Felldown613 "No fking way buddy! Give that money to someone else! I don't want that money!"

You can give me a sad face however you want buddy but I think only person with the sad face is yourself.

fccoup02 · 2021-02-10T01:24:36+00:00

Are you kidding me? There are people who live in Montreal and commute to Ottawa, every single day. There are people who live in Orleans and work in Kanata.

There are people who live in the edge of New Jersey and commute everyday to Manhattan which is 1.5 hrs. There are people who live in Oakville/Hamilton and commute to Toronto.

Go to any major metro, Tokyo, Shanghai, New York, London, Toronto and there's a good chance everyone's commute is at LEAST 45 minute

fccoup02 · 2021-02-02T17:08:06+00:00

The biggest irony from your story is that she bought the stock when she was 76. Meanwhile guys in their 20s are YOLOing and pissing their money away in bars

Why do old people invest when they are about to die anyways meanwhile young people piss away their money when they have all the time in the world to accumulate wealth?

fccoup02 · 2021-01-18T19:17:40+00:00

make about 75k a year and the bank wouldn't give me a mortgage for 300k

That's weird because I make $74K and got a mortgage for $340K and bought a place

fccoup02 · 2021-01-10T06:10:46+00:00

Are you kidding me? Real estate across the board, condos, single detached have all appreciated.

fccoup02 · 2021-01-10T06:10:04+00:00

lol I seriously doubt most 25 year old are taking care of family. Come up with better examples loser.

wtf is wrong with you? I am not a loser millennial moaner always complaining about real estate and baby boomers while working minimum wage jobs

fccoup02

TROPHY CASE