- Good rate of pay: ~$60,000 after 4 years (min. grade 10 education)
- Good medical coverage: full medical/dental for myself, and 90% coverage for family.
- Pension: a Defined Benefits Pension
- Full pension after 25 years service (~$37,000/year, after 25 years)
- Earn 2% for every year served (max. 70% / 35 years)
- Based on your best 5 years of salary (averaged to 1 year)
- Life insurance: 2x Current Salary (~$115,500, after 4 years)
- Additional Life insurance available at your own expense:
- $600,000 for yourself
- $600,000 for spouse
- payable for almost any situation: including war & extreme sports
- rates based on age and smoker/non-smoker
Thursday, 18 June 2015
Candian Armed Forces Benefits
I am entering my 6th year of service with the Canadian Armed Forces, with plans for at least another 13-14 years. For those of you who are interested, these are the financial benefits of being a CAF member:
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