The Retirement Crisis

When it comes to replacing income in retirement, Canada lags about 10 per cent behind the average replacement rate for workers “across Organisation for Economic Co-operation and Development countries,” reports Benefits Canada. According to new data, the average replacement rate for workers in OECD countries will be...

CARP’s online petition calling for action to protect the retirement income of pensioners is resonating with the public. Linda Mackenzie-Nicholas, a social and health activist, is among those who support CARP’s Put Pensioners First initiative, writes Valerie MacDonald for the Peterborough Examiner. The advocacy group for...

When casting about for who to blame for Kentucky’s pension crisis, look to “those governors and state legislative leaders who looked the other way for years while the state’s required portion of retirement funding was being spent elsewhere,” opines the Morehead News in an editorial. Under the headline ‘State must...

Being moved from a DB plan to a DC scheme is not a shift most employees would not want. Yet, that’s what has happened to many employees, and it hasn’t done them any favours, writes Marlene Y. Satter for Benefits Pro. “In fact, it’s made retirement more of a gamble—will there be enough money, or for that matter, any...

ARIA Pensions Blog, Email: sitemanager@ariapensions.ca, 12 Dunlop Street East, Barrie, Ontario, Canada, L4M 1A3

Plans by the UK’s Royal Mail to replace its defined benefit pension plan is being met with strike action by workers, reports Chief Investment Officer (CIO). Workers who voted, 73 per cent, voted 89.1 per cent in favour of strike action, says the Communications Workers Union (CWU),  “which last month called on more...

Teachers from the West Kentucky region rallied in downtown Greenville to voice their concern about a proposal to move public sector workers, including teachers, from a pension to a 401 (k) savings scheme, writes Paige Hagen for 14News.com. “Teachers work their whole career, and for very little pay, expecting a...