A f***king pencil!
HamsterRage
Officially? I thought that they were going on a vote by vote basis. In that case, given that the CPC will always vote against the government, when something comes up that both the Bloc and the NDP are against it becomes a race to say who will vote against it first. This forces the other party to vote for something they dislike, or suffer an election (at least for confidence motions).
To explain for those not in Canada... It is usual in Canada for a job to start with a low level of PTO an then add a week every few years that you stay with the company. This usually is capped at 6 weeks.
You can, of course negotiate an amount of PTO when you accept a job. Someone coming into a more senior position wouldn't expect to start with just two weeks of PTO.
I just assumed it was a reference to Klaus Barbie. https://en.wikipedia.org/wiki/Klaus_Barbie?wprov=sfla1
My father, who worked in Group Insurance for 35 years, had the best rule of thumb for retirement planning...
He said that $1M at age 65 is worth $60K a year, indexed to inflation, for life.
So, work from there. The original question didn't mention indexing, so you'll have to figure that in. $100K in 50 years will probably be below the poverty line. Also, if not indexed, then the question is almost a simple question of math. The $100K is 5% of $2M, so if you can get a better return than that then the lump sum is better...QED.
If you are younger than 65 then the amount you can draw each year will be lower because you'll need to stretch it out longer.
Let's assume that the amount is indexed to inflation, because that makes the most sense (to me, at least). If you were, say, 30 years old, then the annual amount from the capitol might be as low as $20K in order to last your whole life. In that case you be better off with the annual amount.
If you are older, then it becomes more and more advantageous to take the lump sum, and the two amounts are probably equivalent at around age 60.
Finally, there's risk. With a lump sum you are at the mercy of the markets and your investment decisions. With the annual amount, the risk is involved with the entity issuing that payout. If it's a government entity, depending on the country, it might be way safer than some private company.
[Edit: Really bad error fixed. $1M at 65 is worth $60K/yr, not $100K/yr]
Exactly, manage the outcomes, not the people.