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Fending off Canada’s pension crisis
Sunday, April 1st, 2012
Mar 18 2012
… we propose a voluntary pooled target-benefit pension plan (PTBPP). It involves commingling assets across all participating workplaces to maximize scale efficiencies in investment and to manage actuarial risk. Employers’ matching contributions would be mandatory but fixed, as in a defined-contribution plan. As with the PRPP, it would be available to individuals and the self-employed… upon retirement, members could expect a benefit within a target range, depending on market performance… On balance, the proposed PTBPP would provide better pension coverage, cost efficiency and retirement income security for plan members than would PRPPs or most current private group or individual plans.
Tags: budget, ideology, pensions
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