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Another way to boost your retirement income for current pensioners

on Sun, 08/12/2012 - 23:26

Starting January 1st, 2013, a CPP pensioner who continue to work will be able to start receiving a post-retirement benefit (PRB), which is based on a contribution from the previous year.

PRB is calculated yearly and separately every year till the recipient reaches the age of 70, no further contributions can be made. Like CPP, PRB is payable for the pensioners' lifetime. The good thing is: PRB is not subject to maximum benefit rate ceilings. It can be paid in addition to a maximum retirement pension or maximum combined retirement/survivor benefit. 

Like CPP, contributions to PRB are based on