Government to create province-wide DC plan
Pensions and Retirement Security
The value of Canadian pension plans suffered the largest quarterly decline in a decade as the credit crisis caused equity markets around the world to drop.
While many Canadian employers face retirement levels of 20% or more over the next five years, most admit that they are not fully prepared to deal with this important issue.
Canadians have lost more than 80 billion dollars since March 31
New Study Says Mainstream Investors are Assessing Labor and Human Rights Sustainability Risks for the First Time
DB plans can deliver the same retirement income at 46% lower cost than DC plans
CPP Fund valued at $127.7 billion as of June 30, 2008
Value of pensions plans drop in 4thQ 2008 following six consecutive quarters of gains
Nearly 30 percent of Canadians nearing retirement are less than confident their retirement savings will suffice to maintain their standard of living, according to data from Statistics Canada.
Toronto (10 September 2008) – The data released yesterday found that 19 percent of respondents aged 45 to 59 are expecting their retirement income will be "barely adequate." Another nine per cent expect it to be "inadequate" or "very inadequate."
The case, Elaine Nolan, et al. v. Kerry (Canada) Inc. et al., will be watched closely by unions and employers alike