i have a small amount in a HOOPP pension (0.28yr, worth about $3,600). i recently joined another organization (OPSEU) and am considering pension buyback options. pensions are unfamiliar to me, so it’s all a bit confusing.
they’re offering $5,100 for the buyback, which would increase my monthly retirement payments by $30. wondering if it’s worth it or if i’d be better off putting that amount into my RRSP.
any insights?