Pension Analysis

Numerous reports and studies suggest that traditional pensions of the defined benefit type are more efficient at producing reliable retirement income than other savings models. As indicated in many studies, including this one from the National Institute on Retirement Security (NIRS), they offer a ‘better bang for...

“We think the real retirement security issue in our country is the rapidly declining coverage in the private sector, almost non-existent workplace coverage in the service sector … to the point today that we have 65 per cent of Canadians who went to work this morning, almost 11.5 million of our workforce of almost...

“We have an independent set of assumptions that produce the number 72. 5 per cent rather than 97.5 per cent for the base benefits … and 47 per cent for the ancillary benefits … What really drove the difference in the results was the expected long term returns for each of the asset classes.” – Clare...

“Certainly from the perspective of an individual, (DC plans) are much more risky than a traditional pension plan. Employees knew what they would be getting at retirement, and didn’t have to worry about outliving their income … they could have a predictable amount of money that lasted throughout their...

“Just knowing the differences in the two different types of plans, having a DB plan, combined with Social Security (or CPP) would provide income, but having a DC plan comes with a lot of risk factors … it would be very difficult for a lot of people to survive well into old age.” – Sudipto Banerjee  A new report...

Whispers of a pending retirement crisis have turned to loud warnings about the social and economic calamities that wait in the wake of inadequate retirement income. As boomers reach or approach the traditional retirement years, their lack of preparedness is the subject of increasingly intense focus on challenges and...

To the casual observer the retirement crisis might seem as if it arrived unannounced, suddenly knocking on the door to steal the golden years of millions of workers and their families. However, those in the know will tell you no crisis more than 30 years in the making just shows up one day. Rather, it was a slow...