Women’s Wealth Canada Blog

Glory Gray unpacks the ins and outs of workplace pensions in Canada — what they are, how they work, and what happens when you leave your job.

In this first episode of a two-part series, she breaks down the difference between Defined Benefit and Defined Contribution plans (in plain English!) and explains what really happens when your pension money moves into a LIRA — a Locked-In Retirement Account. Spoiler: it’s not your backup savings account, no matter how tempting that lump sum looks.

From understanding your pension paperwork to knowing which province (or the federal government) regulates your plan, Glory shares the key steps you can take now to make the most of your workplace pension — and avoid costly surprises later.

If you’re a working Canadian woman curious about how your pension fits into your long-term financial picture, this episode is packed with clarity, confidence, and practical next steps to help you turn your workplace benefits into lasting retirement security.

Stay tuned for Part Two, where Glory dives into how to turn that pension into steady income once you’re ready to retire.