10.2.7 Make your pension work for you

• If you have a company pension plan, find out how it works.
• Make sure you understand any rules that will affect your income when you retire.
• It is generally a good decision to make the highest pension contribution that your plan allows and that your organization will match. However, this will depend on individual circumstances.
• Most people no longer work for the same company throughout their working lives, so they may have two or more smaller pensions from different employers. If you change jobs, investigate whether you are better off leaving your old pension with the former employer and starting a new pension plan with the new employer, or transferring your old pension to your new plan.

To find out more about your employer pension plan, contact your human resources staff member, union representative or pension plan manager.