I was 52 when I got the big hand shake, 66 now. Hindsight, take the DB pension and CP bridge, CP at 65, I did 63. The article does not mention the 8000 over contribution on RRSP so use it, gov looks after the numbers it is like they have nothing to do anyway. I would expect a financial advisor type to suggest the lump sum, but that is stupid, a good pension today would cost north of 2 million. You can leave it and go for a job where you may do better, I know quite few people that did it and it works great, but we are talking getting into civil service pension plan and porting your existing in, way to go.  I did not go this way and have no regrets either except the 100 or 300 k$ I left on the table. If you enjoy work, like people, enjoy a challenge take the best they offer and enjoy the next 14 years as I have. Life does not even start until we get out from under the yoke.