Whats a Pension Adjustment Reversal?
• If you leave CBS before your benefits are vested, you may be entitled to a Pension Adjustment Reversal (PAR). Through PARs, Revenue Canada compensates you for any contributions made by CBS on your behalf that you are not eligible to receive. You don’t receive money; what you get is RRSP contribution room. • Your PAR from the Defined Contribution (DC) plan equals CBS’s contributions to the plan during your membership if you leave before your benefits are vested. • If you leave CBS once your benefits are vested, you don’t get a PAR.
*Sadly, we had to bring back ads too. Hopefully more targeted.