Jim Leech and Jacquie McNish have been named the winners of the National Business Book Award for their book, The Third Rail: Confronting Our Pension Failures.
According to the authors, longer life expectancy and exaggerated market volatility have distorted the assumptions on which most pension plans were originally founded.
The authors reveal why immediate action is required to rehabilitate our ailing pension program that is no longer adequate for the unprecedented exodus of seven million Canadian workers expected to retire over the next 20 years.
Leech most recently served as the president and CEO of the Ontario Teachers’ Pension Plan, and McNish is a senior writer with the Globe and Mail.
The other finalists were Nina Munk, author of The Idealist: Jeffrey Sachs and the Quest to End Poverty, and Donald J. Savoie, who wrote Harrison McCain: Single-Minded Purpose.
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