Retirement Planning

All of the following documents are uploaded for information purposes only and do not represent professional financial advice.  Members are advised to obtain profession financial advice before making financial decisions about retirement.

1.  Retirement Planning – General Information for Part-time Faculty
This file is the updated version, as of July 27, 2015, of the orientation session for part-time faculty held on 7 May 2013.   It has significant information on the area of Medical Insurance.  See pages 15-18 about this. As well there is  information about Old Age Security.  As of July 2013 you can defer collection of OAS for up to 5 years beyond age 65 and thereby collect higher monthly payments.  See page 7 about this. Also included are French terminology as requested at the meeting, and a few illustrative graphs.

You are encouraged to read the detailed file about how the Pension Plan for Employees of Concordia University works for part-time faculty, under Pension Information on this website.
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2.  Excel file for Budgeting for Retirement
This is an Excel file version of page 3 of the above document to help you budget for the future.
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3.  Change of Pension Plan Membership Status Form
Use this form to change your status in the Concordia Pension Plan from non-contributory to contributory and send it in well before the annual 30 November deadline to Concordia Pension Services, S-FB-1130.  See page 8 about this.
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4.  MoneySense December 2012 article on Long-Term and Critical Illness Insurance.
See page 17 about this.
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5.  From Health Care Coverage in Retirement.
This article contains a helpful overview of medical insurance issues and examples of premiums for retirees.  See page 19 about this.
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6.  Council on Aging Guide to Long-Term Care Insurance dated 2008.
See page 20 about this.
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Last Updated on August 5th, 2015.