Pension Discussion Summary

Pension Discussion Summary

Money. We love it. We hate it. We need it. Planning on growing old? You’re definitely going to need it. How much? Some say about $2 million.

No matter what your take on the issue, our governments are trying to encourage us to save on our own for retirement rather than expecting our employer, or future governments to pick up the tab. The federal government has been floating the idea of Pooled Registered Pension Plans (PRPPs).

At WSIC’s November 19th meeting at the Duke of York, pension …

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Pensions: What’s left for the youth?

Pensions: What’s left for the youth?

Pension coverage is shrinking. It’s an open secret that today’s young people are looking at retirements less prosperous than their parents enjoyed. The have and have-nots of tomorrow will be defined by who does and doesn’t have a pension.

The federal government has proposed a new pension scheme: pooled registered pension plans (PRPPs). In a paper published by the C.D. Howe Institute, in August, James Pierlot explained why this scheme will do little for the middle class and in fact could put many Canadians in a worse financial position.

With …

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