Evaluating A Pension Buyback

Deciding whether to buy back pensionable service can be complex. When you’ve taken time away from work, such as a parental leave or a sabbatical, you can end up with gaps in your pensionable years. It’s common to wonder if you should put money back into the plan to make up for that time. How do you evaluate whether this is a “smart” decision? Adding more guaranteed retirement income is almost always a financially sound decision, but the value is not the same for...