ARTICLE
11 November 2020

Introducing DBplus - A Defined Benefit Pension Plan For Law Firms

F
Lawyers Financial
Contributor
Insurance and Investment Solutions for members of the legal community, their families and staff is all we do! The Canadian Bar Insurance Association (CBIA) was founded almost 40 years ago as a not-for-profit corporation to provide exclusive access for the legal community to high quality insurance and investment products at very competitive rates.
Less than half of Canadians have pension coverage and most of those are defined contribution pensions, which are subject to the whims of the market.
Canada Employment and HR
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Less than half of Canadians have pension coverage and most of those are defined contribution pensions, which are subject to the whims of the market. The numbers for law firms are even bleaker — most have no pension arrangement at all. 

Law firms across Canada now have access to a Defined Benefit Pension Plan — DBplus, which provides guaranteed retirement income for life, plus many other benefits including a no-cost survivor pension, early retirement options, and additional indexing both pre- and post-retirement. Best of all, other than the employer and employee contributions, there are no additional fees or administrative responsibilities. 

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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

ARTICLE
11 November 2020

Introducing DBplus - A Defined Benefit Pension Plan For Law Firms

Canada Employment and HR
Contributor
Insurance and Investment Solutions for members of the legal community, their families and staff is all we do! The Canadian Bar Insurance Association (CBIA) was founded almost 40 years ago as a not-for-profit corporation to provide exclusive access for the legal community to high quality insurance and investment products at very competitive rates.
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