Martin has decided to begin his Canada Pension Plan (CPP) retirement pension exactly 3 years early....

 

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Martin has decided to begin his Canada Pension Plan (CPP) retirement pension exactly 3 years early. His pension will begin when he turns 62. Martin is eligible for the maximum pension and, if he had waited until age 65 to begin receiving his CPP retirement pension, he would have been eligible to receive a monthly benefit of $908.75. Calculate Martin's "early" CPP retirement pension. Martin has decided to begin his Canada Pension Plan (CPP) retirement pension exactly 3 years early. His pension will begin when he turns 62. Martin is eligible for the maximum pension and, if he had waited until age 65 to begin receiving his CPP retirement pension, he would have been eligible to receive a monthly benefit of $908.75. Calculate Martin's "early" CPP retirement pension.