There’s no question that pension reform is on the horizon, but what form will it take? Benefits Canada presents two different views on much-needed changes to the Canadian retirement system, as well as its future direction.
Crisis? What Crisis?
By Paul Forestell
During 2009, retirement savings frequently made headline news. The news stories all focused on the same question, regardless of whether it was asked in the context of employer-sponsored defined benefit (DB) plans or defined contribution (DC) plans or of individual Canadians’ RRSPs: Do Canadians have enough retirement savings?
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Give Choice a Chance
By Randy Colwell
Many countries are dealing with the issue of a significant savings shortfall for certain groups of individuals at or near retirement. Canada is one of them, and we may be drifting further in that direction—with a very real risk of falling behind the savings pack.
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