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Recent changes to conditional inflation protection (CIP) for pensions could significantly reduce retirement incomes for young teachers over a 30-year retirement period. The chart shows that with 100% CIP, the maximum pension of $65,000 would grow to $153,176 over 30 years, with 50% CIP it would reach $100,098, but with 0% CIP it would remain fixed at the initial $65,000. This represents a difference of up to $1,142,389 between full and no CIP over a typical 30-year retirement. CIP ensures that pensions reta

Author

Emily Baldwin

Language

EN