Mercer finds areas for improvement, in particular with the savings rates of middle income households
Summit participants offered possible solutions and policy directions to reform Canada’s pensions
Gain includes $1.9 billion in net investment income
Benefits of expansion need to be weighed against the costs, says Fraser Institute report
McCaughey's proposal based on simplicity, predictable payout
Canada Pension Plan should allow 35% of a worker’s income to be replaced in retirement, up from 25%
Nearly 6 million Canadians could see their living standards drop by more than 20% in retirement
Clients should review their pension plan designations following a recent ruling from the Ontario Court of Appeal
Ottawa and provinces will work for the next six months to map out a strategy for moving ahead