Scotiabank Pension Plan

Pension plan is competitive with industry standard

Being an employee you get good pension as well as insurance plans and benefits from Scotia bank.

Contribution plan, I think that the Defined pension doesnt exist anymore.

Defined benefit pension. Uses average of top 5 earnings years plus years of service multiple

Comparable to the market place to other Canadian banks - enables retirees to live a comfortable life with financial planning during their working years.

The old pension was great as it was defined benefit. They changed it to defined contribution a few years ago.

After work for 32 years, you can get 29% of your base salary as the pension

pension plan is very good at

recently changing to the same as other FIs

the coverage has change currently not like the old plan