May 2008

New supplementary pension needed to fill retirement savings gap

Tthe ability of Canadians to put away adequate retirement savings is in jeopardy: C.D. Howe Institute proposes "a practical solution to the problem" – the Canada Supplementary Pension Plan

Toronto (30 May 2008) – Shortcomings in workplace pensions and individual retirement saving plans mean millions of Canadians face large declines in living standards when they retire. The answer, according to the C.D. Howe Institute is a major new supplementary pension plan for Canadians.