Work pension

[HopefulCadn 1]

Hello VJ family,

I hope this topic would be beneficial for others in my situation.

I have be with my company for 25 years in Canada. I would like to know what happens to your company pension as you cannot transfer to an American job. HR at my company is no help.

[Ontarkie 14,220]

~~Moved to the Canada forum, from IR1/CR1 P&P- as other Canadians in this situation may be of help.~~

[CB and JB 11]

On 3/21/2024 at 1:38 PM, HopefulCadn said:

Hello VJ family,

I hope this topic would be beneficial for others in my situation.

I have be with my company for 25 years in Canada. I would like to know what happens to your company pension as you cannot transfer to an American job. HR at my company is no help.

 

It depends on whether you would be emigrating before (or after) you are eligible to draw on your (Canadian) company pension.  

 

In my case, I retired from my Canadian job before I emigrated to the US.  I kept my Canadian bank account and had my pension deposited to that account.  I signed up for the Canadian Snowbird Association Currency Exchange Program (https://www.snowbirds.org/member-benefits/currency-exchange/ ) and made arrangements for my  pension to be converted from Canadian dollars to US dollars on a monthly basis and deposited to my US bank account.