Current Age:
Opening Balance:   $
Interest Rate: %
Salary:   $
Salary Increase: %
EE Contribution Rate: %
ER Contribution Rate: %
PX Tool Pack Pension Calculator Terms of Use
By clicking the "I agree to these terms of use", I confirm I have read and understand the PX Tool Pack Pension Calculator Terms of Use on this page, and want to use the PX Tool Pack Pension Calculator.

This Is Not A Calculation of Actual Pension
The results of using this pension tool is not a calculation of your actual account value or future pension payments, because your account value and future pension payments can't be calculated accurately until you retire. What this tool allows you to do is to input what you guess could be your possible retirement scenarios, and it then applies assumed pension calculation factors to your input. The results are intended to illustrate the approximate differences between varying retirement scenarios you have thought about--your future account value and actual pension payments could turn out to be quite different from these numbers.

As a result, the information you provide and the results that are created are for your information only, and are not reviewed, audited or verified by Penad Pension Services Limited, and are in no way binding on Penad Pension Services Limited regarding the eventual calculation of your pension.

More Information About Limitations of the PX Tool Pack Pension Calculator
The PX Tools Pack Pension Calculator will show you how much pension you might expect to purchase given assumptions about your current and future savings. Remember that these values are for illustration purposes only.

The values will differ depending on the assumptions to the far left, and the annuity purchased. Annuity rates are computed using a flat 3 percent interest rate, with a spousal age offset of 3 years, sex distinct assumptions, and using mortality based on UP-94@2020 (the UP-94 Table projected forward to the year 2020 using mortality projection Scale AA).

Seek Professional Advice About Pension Decisions
You should not rely on these estimations in making any decisions or taking any action with respect to your pension. Seek advice from a qualified financial advisor before relying on any speculative pension estimation, or exercising any pension option.

The PX Tool Pack Pension Calculator does not store information regarding the inputs or results of individual calculations. Calculations are performed in real time and are only available for use during the current user's session.

We may use a cookie to facilitate your use of some of the features on our site. Such a cookie is a simple, browser-controlled text file, which contains a unique identification number identifying your browser and acceptance or non-acceptance of this Terms of Use. We do not use the cookie for any other purpose.

Site Use
You agree that by using the PX Tool Pack Pension Calculator and site that
  • you may not use our site for any unlawful purpose or activity,
  • you acknowledge that everything on our site is our property and that it is protected by copyright and that you may not sell, license or rent it or any part of it nor derive income in any other way from it or its use. You may print one copy of any material on our site for your own personal, non-commercial planning purposes.
  • systematic retrieval of data or other content from this site to create or compile a database or directory is expressly prohibited.
  • our site, its operation and these terms of use shall be governed by and construed in accordance with the laws of the Province of Ontario. Any dispute, suit, action, proceeding or claim arising from or in connection with the site shall be subject to the jurisdiction of the courts in Ontario and nowhere else, and the courts in Ontario shall have exclusive jurisdiction to deal with such matters.

Penad Pension Services Limited will make reasonable efforts to ensure that all information, data, statistics, algorithms, assumptions, techniques and calculations are accurate and reliable, but we disclaim all responsibility for the use thereof by you or your agent. You should check carefully any information you provide and you should review any material from our site you decide to use for reasonableness before you proceed. You should consider obtaining a second or expert opinion on matters and decisions which are not within your personal expertise.

All materials, information, data, software, products or services (the "Content") included in or available through this site are provided "as is" and "as available" for your personal use only. The Content is provided without warranties of any kind, either express or implied, including implied warranties of fitness for a particular purpose. Penad Pension Services Limited does not warrant that the Content is accurate, reliable or correct, that this site will be available at any particular time or location, that any defects or errors will be corrected, or that the content is free of viruses or other harmful components.

Under no circumstances will Penad Pension Services Limited. be liable for any direct, indirect, punitive, incidental, special or consequential damages whatsoever that arise from the use of, or inability to use, this site. This limitation applies whether the alleged liability is based on contract, tort, negligence, strict liability or any other basis, even if Penad Pension Services Limited. has been advised of the possibility of such damage.