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Imagining a world without pensions
Monday, July 4th, 2011
Jul 03 2011
According to Statistics Canada, six out of 10 Canadians have no formal pension plan. If rates of defined-benefit coverage continue to decline, we’ll have no discernible pension coverage in the next 10 to 20 years, and will be grappling with widespread senior poverty… rather than getting rid of pension plans, we need to strengthen and expand them. A pension plan that provides meaningful replacement income is our best line of defence against widespread senior poverty.
Tags: economy, pensions, standard of living
Posted in Social Security Debates | No Comments »
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