Assistance? Take offer or no?

tester85 wrote: ↑I max out my companys pension every year... They match it 1.1...

Not sure 6000$/year is worth the money? i like what I do and it's not much work on my job role... I like to just go home after work and enjoy life after...

Upgrade offer is bit more ok the road and requires end user training and requires bit communication and will given corporate blackberry as well... That means answering emails and taking calls...

Stuck whether if it's worth the money or not? Will extra 6000/year somehow will effect my retirement as compare to what I make bow? Will I get more pension at the end compare to what I make now?

GrapeBunch wrote: ↑I can see a variant of the Peter Principle taking shape here. The variant is: "Any happy worker will repeatedly take a higher-paying job. The job that makes the worker unhappy will either be terminal, or the worker will quit and start something low-paying and for which he or she is untrained and unsuited, such as hog-farming." Feel free to call it the Second GrapeBunch Principle. The First GrapeBunch Principle is: "Every variant of the Peter Principle has already been stated, ad nauseam."

FoFai2015 wrote: ↑That's something you need to ask HR. Where I work, pension is based on X (low) percentage times working income times years of service (comes out to roughly 40% for a 30+ year working span), and I know some companies use just your five highest earning years of income. HR would have the answer for that. Or... perhaps you meant you have a matching RRSP plan. This makes determining post-retirement income, but it also means contributing even more to RRSPs won't do much for you unless your max contribution percentage is low.

Would an extra $3000 per year after retirement (pre-tax) be worth it? Only you can judge.

Intricated wrote: ↑How many more years do you plan to work? The +6k pre-tax is ~4k after-tax for 20 years earning 5% after-tax in a taxable account (assuming you already are maxing TFSA/RRSP) adds up to a fair bit more for retirement, roughly 132k. Maybe adds 10 years of retirement on a thrifty lifestyle. Or you could retire a few years earlier, but if the extra work isn't intolerable, why would you?

You should confirm how extra salary impacts your company's pension plan, but it sounds like it's a DCPP. Assuming they match per point up to 5%, an extra 6k gross salary would mean you put in an extra $300/year, and they put in an extra $300. 20 years of the $300/yr employer matching at 6% tax-sheltered rates is ~10k, so a drop in the bucket.

TuxedoBlack wrote: ↑If you're happy in your role, love your boss, and are learning everyday in your current role (you've only had it for less than a year) then stay put.

But, if you are super aggressive in your career, don't mind working extra and take on more than what you get paid for, then climb up the corporate ladder and get the higher-paying job.

Based on my perception of you (what you say, your grammar, etc.), it appears that you should just stay in your current role. No one will ever fault you for that, but only if you are happy with what you are doing.

A lot of people will tell you to follow the money but ask anyone in their 50s or 60s, and they will say that follow your heart first and money will follow. $73K is already a wicked salary as it is (do you mind telling me what it is that you do?). A $6K bump will be around $150 extra every paycheque, depending upon other employer deductions.

booblehead wrote: ↑just pay raise ? any perks ? Even with no perks, any bump in raise this day is 99% better than what most people will ever get.

You can take the raise now and explore other job opportunity out there in next couple of years time.

akaManny wrote: ↑The tax question is easy to answer. In Ontario, you will pay 32.98% on taxable income over 72K. So $6000 per year is worth about $4000 after taxes. But the key question is what kind of person are you? If you have no obligations, and are willing to do the same type of work for who knows how long, then don't take the upgrade. You may not get another offer. If you want to move up in the company or expect to have a family to support, you might need to take it. But there's no point in being miserable for a few $.