Stellantis has significantly reduced its Ontario workforce, with roughly 3,000 Brampton assembly plant workers laid off indefinitely as of late 2025 following a cancelled retooling project.
When the layoffs were announced back in 2025 it sent shockwaves throughout Ontario that our auto worker jobs were in trouble. The company attributed the decision to a need to “reassess its product strategy in North America” and ensure it offers a diverse lineup of vehicles equipped with flexible powertrain options.
Does this statement make you confident Stellantis is going to be around in Canada when you reach your 80th birthday?
Trump’s tarriffs have only worsened the problem for Canadian auto workers. It’s a challenging time, and if you end up being laid off by the company, making the right decisions about your pension is crucial. One option that has been gaining attention is the “copycat annuity“.
What exactly is it, and why should you consider it?
What is a ‘Copycat Annuity’?
A ‘copycat annuity,’ also known as a copycat pension, is a financial product that mirrors the benefits of your existing pension plan. It involves transferring the commuted value of your pension to a Canadian insurance company, which then takes over the responsibility of paying your pension for life. This option provides a sense of security and stability, as it ensures that your pension benefits remain intact.
Why Consider a Copycat Annuity?
There are several reasons why a copycat annuity might be a suitable option for Stellantis workers:
1. Stability and Security
By transferring your pension to a Canadian insurance company, you gain the assurance that your pension will be paid for life. This stability can be particularly appealing during uncertain times.
2. Potential Cash Surplus
When transferring your pension, there may be a cash surplus. This occurs when the insurance company requires less money to provide the same benefits, allowing you to keep the difference. This surplus can be an added financial benefit.
3. Flexibility and Control
A copycat annuity offers flexibility in managing your pension. You can choose how to invest the commuted value, potentially growing your retirement savings further.
Book A Pension Consultation Call - Don't Delay!
Click the button below to book a consultation call with a Certified Financial Planner. With more than 25 years of experience, our approach is clear and practical. We help simplify pension, investment, retirement, estate, and tax planning so you can focus on what matters most. We've had the privilege of advising retirees and employees from organizations such as Ontario Teachers, Stelco, UPS, ArcelorMittal Dofasco, GM, and many others. Book a free 15-minute consultation call today.
Exploring Your Pension Options
As a Stellantis worker, you have several pension options to consider:
1. Company Pension
You can choose to continue with the company pension plan, receiving benefits directly from Stellantis.
2. Commuted Value
Opting for the commuted value means taking the cash equivalent of your pension and managing it independently.
3. Copycat Annuity
As discussed, this option involves transferring your pension to a Canadian insurance company for lifelong benefits.
The Role of Pension Solutions Canada
Navigating pension options can be complex, and that’s where Pension Solutions Canada comes in. Our Certified Financial Planners specialize in helping individuals make informed decisions about their pensions. By booking a free consultation, you can gain personalized insights and guidance tailored to your unique situation.
Booking a consultation with Pension Solutions Canada is simple. Click here to schedule a Zoom call with one of our experts. During the consultation, you’ll have the opportunity to discuss your pension options, explore the benefits of a copycat annuity, and receive professional advice on securing your financial future.
