Scotiabank Pension Plan

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

benefits are regular and they don't change for any position. it's only good if you have lot of dependents so they can all get dental vision massage physio

Offers a tailored pension plan, which benefits long term employees. Amount is automatically deposited with every paycheck received, and no need to worry about depositing into it.

- RRSP plan, with employer matching half of the amount. Decent plan.

Comprehensive benefits to the extent that some are useless and could have settled for more pay instead of some of the benefits

Benefits as Scotiabank are good, you only get it if you work 7 hours or more a week.

Pension plan recently changed in 2016 - new rules are tough and don't expect to retire a millionaire on a bank pension. Better than nothing I suppose, however considering again the consistent record-breaking quarterly profits being announced every year, the Bank should loosen the purse strings a little. Maybe cut back on some of the waste, horrible inefficient computer software systems and costs will come down to give employees a better pension plan.