How much will his monthly pension benefit be

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Question - Richie turns 61 this year and will be entitled to a CP retirement pension of $1,100 per month. He decides to wait until age 68 to begin collecting his CPP.

a) How much will his monthly pension benefit be?

b) What factors should Richie consider when deciding when is the appropriate time to take CPP?

Reference no: EM133117735

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