Scotiabank Employee Benefit: Pension Plan | Glassdoor.co.uk

Scotiabank Pension Plan

Updated 16 Dec 2014

156 employees reported this benefit

3.2
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Available to Canada-based employees (Change location)

Employee Comments

Showing 1–10 of 87
  • 14 Nov 2018
    StarStarStarStarStar Former Senior Risk Manager in Toronto, Ontario

    Contribution plan, I think that the Defined pension doesnt exist anymore.

  • 13 Nov 2018
    StarStarStarStarStar Current Employee in Toronto, Ontario

    Defined benefit pension. Uses average of top 5 earnings years plus years of service multiple

  • 09 Nov 2018
    StarStarStarStarStar Former Employee in Toronto, Ontario

    Comparable to the market place to other Canadian banks - enables retirees to live a comfortable life with financial planning during their working years.

  • 01 Oct 2018
    StarStarStarStarStar Former Employee in Toronto, Ontario

    The old pension was great as it was defined benefit. They changed it to defined contribution a few years ago.

  • 17 Sep 2018
    StarStarStarStarStar Former IT Infrastructure Architect in Toronto, Ontario

    After work for 32 years, you can get 29% of your base salary as the pension

  • 09 Sep 2018
    StarStarStarStarStar Current Employee in Toronto, Ontario

    pension plan is very good at

  • 16 Aug 2018
    StarStarStarStarStar Current Employee in Stoney Creek, Ontario

    recently changing to the same as other FIs

  • 07 Aug 2018
    StarStarStarStarStar Current Senior Compliance Officer in Toronto, Ontario

    the coverage has change currently not like the old plan

  • 05 Aug 2018
    StarStarStarStarStar Current Programmer Antalyst in Toronto, Ontario

    benefits are regular and they don't change for any position. it's only good if you have lot of dependents so they can all get dental vision massage physio

  • 21 Jul 2018
    StarStarStarStarStar Current Employee in Toronto, Ontario

    Offers a tailored pension plan, which benefits long term employees. Amount is automatically deposited with every paycheck received, and no need to worry about depositing into it.


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