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ARTICLE · 28 AUGUST 2024

10 Reasons Your Firm's Pension Should Begin And End With DBplus

Lawyers Financial
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The average retirement age in Canada is 63.6. But according to the Government of Canada, lawyers, judges, and Quebec notaries stick it out for five years more than the rest of us—retiring at an estimated median age of 69.

CanadaEmployment and HR
Lawyers Financial
Lawyers Financial
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The average retirement age in Canada is 63.6.1 But according to the Government of Canada, lawyers, judges, and Quebec notaries stick it out for five years more than the rest of us—retiring at an estimated median age of 69.2 It makes sense: If your work is meaningful and fulfilling, as it is for many lawyers, why on earth would you want to stop?

The only problem: the built-in expectation of long careers means that many lawyers put off solving the problem of retirement planning.

That's where Rosalyn Jell comes in. Jell is a pension specialist at Lawyers Financial and expert on DBplus, the defined benefit pension plan for law firms of every size—even one. We asked Jell 10 of the biggest questions she hears from Canadian lawyers, including the biggest of all, "what's in it for me?" and "what's in it for my firm?"

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