Having a defined benefit pension plan is a solid base for a secure retirement

Planning for retirement

People for pensions profile: Warren Dodds

Even though he’s only 57, Warren Dodds will gladly tell you he is one of the oldest employees within his department at the Ontario Clean Water Agency – and he has advice for his younger co-workers when it comes to planning for retirement.

The Ontario Clean Water Agency (OCWA) works with municipalities, First Nations communities, businesses, governments and institutions to develop sustainable and healthy water and wastewater solutions. Warren has held a few different positions in his 10 years at OCWA and he’s currently the agency’s security and civil asset specialist for the Municipality of the Region of South Peel.

“I’m the oldest in our department, followed by thirty-somethings,” says Warren. He’s impressed that his younger colleagues seem to appreciate the value of their defined benefit pension plan, even though their retirement is decades away.

But Warren would like to see them consider some other aspects of financial planning.

“I think that young people understand that retirement planning is important,” he says. “I just think they have other priorities.”

Warren was part of the first group to volunteer to become part of the People for Pensions program. He attended a focus group with OPTrust in late 2016 to offer his thoughts about how the program can most effectively share relevant information about pensions and other information to help people plan for a secure retirement.

 

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