Adequate Retirement Income

The value of adequate retirement income

“The unfortunate fact is that DC pensions generally haven’t increased their contributions and are instead a lot less adequate than they were expected to be a decade ago. This is a failure rather than a success of DC pensions.”

April 25, 2012 – The Healthcare of Ontario Pension Plan (HOOPP) is receiving kudos for its 2011 return on investment, however the success didn’t happen overnight, says HOOPP President & CEO Jim Keohane. Rather, a success like last year’s 12.19 investment return is the result of an investment approach and structure 10...

As news of the pending retirement of (former) HOOPP’s president and CEO John Crocker spread, articles on the defined benefit pension plan advocate began to appear, including this Pension Pulse piece by Leo Kolivakis. In the story, Kolivakis  writes that as chief executive of HOOPP, the CEO gets credit for modernizing...