In his widely criticized fiscal update on November 27, federal Finance Minister Jim Flaherty proposed that federally regulated pension plans will have twice as much time—10 years instead of five—required for solvency payments.
Pensions and Retirement Security
Economic downturn may persuade older workers to delay full retirement
Panel calling for a new province-wide pension plan administered by an independent agency
Government to create province-wide DC plan
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