What’s New in Retirement

Current trends and developments effecting ARIA members.

“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...

“A real pension is something that provides a guaranteed defined benefit – even if you live to 150 … with an RRSP or DC, no matter how much you have accumulated, it could be cut in half in a matter of weeks if, as some fear, there’s a repeat of the 2007/08 recession, or worse.” – Jonathan...

“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...

“The real concern is what is going to happen to the generations after the boomers who don’t have retirement plans … the long-term strategic view is that something had to be done to rebuild some of the private savings of people who would be retiring after the boomers.” – Will Sandbrook  The search is on for a...

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...

The provision of adequate retirement income is more than an academic and policy debate, it’s a real-life topic of conversation and concern around the dinner tables of Ontario, says Mitzie Hunter, the minister in charge of ushering in the province’s new pension plan. When talking to Ontarians, Hunter, the...