What is johns pension adjustment

Reference no: EM133610941

Question: John is employed by 3M and they have a defined benefit pension (DB pension) and a deferred profit-sharing pension (DPSP). The pension pays a 1.3 % credit per year of service. John and 3M contribute 4% of John's salary to the DB pension. In 2021 3M contributed $4,000 to John's DPSP. John's salary this year is $100,000 and it was $95,000 last year. What is John's pension adjustment when calculating his RRSP room for 2022?

Reference no: EM133610941

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