Pension Awareness Day 2025 is on Thursday, February 20, and we are encouraging you to discover the value of a pension. This day is the perfect opportunity to reflect on your retirement planning, stay informed, and take the necessary steps to achieve a more secure financial future for you and your family.
What is Pension Awareness Day?
Pension Awareness Day is a time to raise awareness about the value of pension savings, the many benefits your pension plan offers, and the need to develop a retirement plan as early as possible.
The value of a pension
A pension plan is designed to provide income after retirement, so you won’t have to rely solely on government benefits like the Canada Pension Plan (CPP) and Old Age Security (OAS), which may not be enough to cover all your expenses.
Employees of The United Church of Canada (UCC) who work an average of 14 or more hours per week, contribute to a Defined Benefit plan.
With the rising cost of living and longer life expectancies, government pensions may not be enough to cover all your retirement expenses. In 2024, the average Canada Pension Plan (CPP) benefit at 65 was $805 per month (with a maximum of $1,364.60), and the maximum Old Age Security (OAS) benefit was $725 per month, rising at age 75 to $800 per month.
Tools and Resources
Check out our pension tools and resources to learn more about:
From the Government of Canada:
