Among retired people with debt, 17 percent owed $100,000 or more.
Pensions and Retirement Security
- See also Retirees.
Main split on pensions comes down to continuing to rely on a failed private sector model, or improving and expanding our public pension system.
In the past 12 months, there has been a significant rise in the number of retirees returning to the workforce because they need the income
Review of pension plans in the broader public sector misses the mark completely for the tens of thousands of workers who have no pension coverage at all.
Small GIS increase to go only to those seniors with less than $2,000 income a year.
QPP contributions will increase while workers who retire before age 65 will have their QPP benefits further reduced
"As a mechanism for addressing the deficiencies in Canada’s retirement income system, PRPPs are greatly inferior to an expanded CPP."
Level exceeds the previous high reached in the second quarter of 2008.
Two thirds cite lack of funds as reason for not making RRSP contribution.
Payments under OAS and GIS will rise 0.5 percent.