How is the pension benefits in Ford Canada for software engineers? Do they offer good RRSP match? I currently have 4% match in Ericsson. #ford #fordcompensation #fordcanada TC: 145K
OK now tc or
Edited
I m unsure if Ford Canada will pay more than $145k in Canada for swe
The pension plan at Ericsson Canada has changed in the past year or two. You can contribute up to 8% of your base salary and get up to 6% matching (2% RPP locked until you retire + 4% profit sharing which can be moved to RRSP if you leave the company). The 8% you contribute goes to RRSP and can be accessed as any RRSP plan (same taxation rules and execptions etc)
How does pension plan work ?
In Canada there is a employer match. I contribute 4% of my pre-tax salary and employer match my contribution. I get to take the money out at retirement
It’s like 401k here …. Is the money tax free on withdrawal ?