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My spouse has been employed at the University of British Columbia for over 10 years and they have a defined benefit pension for staff. Their info page is here: http://www.pensions.ubc.ca/staff/glance.html.

I honestly can't understand a darn thing about how the pension works. :eek:

Is there a good site that explains how pensions work? Ultimately we're trying to figure out what she gets when she does retire (probably another 20 to 25 years away) because if she ends up leaving UBC, we want to know what sort of equivalent salary she should be looking for.

Any help would be appreciated, thanks!
 
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