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Needed: A New Pension Paradigm For Canadians
Thursday, May 23rd, 2019
… the pension industry must go beyond the tired defined-benefit versus defined-contribution pension debate and focus on the model pension of the future… the authors explain a new pension paradigm that lies between the Classic DB and Classic DC… The common ground would include: Pooling: across multiple employers to reduce risk… Target Benefits: to share risks between sponsors and members… Scale: The optimum asset size would be $1 billion and up… Independent Management Boards
Tags: economy, ideology, participation, pensions, privatization, standard of living
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