QPP contributions will increase while workers who retire before age 65 will have their QPP benefits further reduced
- See also Pensions and Retirement Security
"As a mechanism for addressing the deficiencies in Canada’s retirement income system, PRPPs are greatly inferior to an expanded CPP."
Two thirds cite lack of funds as reason for not making RRSP contribution.
Payments under OAS and GIS will rise 0.5 percent.
Canadians believe they'll work longer than the traditional retirement age of 65, they're less confident about their retirement outlook, and they're concerned about their financial well-being.
Canadians 35-54 years of age are the most likely to have withdrawn money from their RRSP
“The notion that small businesses will join a PRPP because it’s simpler than existing employee-sponsored options is a bit of pipedream.”
Tim Hudak is misleading voters by pretending that an attack on public sector jobs and wages will deal with a financial mess that the financial sector has caused, says James Clancy, NUPGE's national president.
“Alberta simply don’t believe that there should be a public response to what they consider to be a private issue. It’s not a view that the government of Nova Scotia shares.
The percentage of paid workers covered by a pension plan declined, from 41% in 1998 to 38% in 2008.