Adequate Retirement Income

The value of adequate retirement income

When the conversation is already about good news, why try to change it? One reason would be to change the conversation’s perspective, from the immediate to the long term. Canadian pension plans get a lot of respect globally for their impressive annual returns and their management and investment structures, having...

It’s one challenge to accumulate adequate retirement income, quite another to turn those savings into income to keep one through a retirement that can stretch 20 or 30 years due to longevity gains. Canadians in work environments that provide a defined benefit pension have an easier path to retirement than those...

The numbers are similar, confirming that the crisis of inadequate retirement income crosses borders, oceans and international time zones. Driven by a range of factors such as increased longevity, an aging population, dwindling occupational pension coverage, and inadequate retirement savings, policymakers and others...

It started as a lunch meeting but by the time it had finished, it became a meeting of the minds over the need to solve the retirement crisis by launching a new national program to deliver workers adequate retirement income. Pension expert and academic Teresa Ghilarducci, a renowned labour economist, broke bread with...

The benefits of a DB pension have been clearly defined, including the obvious one: the provision of reliable, lifetime income that serves as the cornerstone for a comfortable retirement. Numerous studies and reports have also shown the value of a defined benefit pension to employers when it comes to the recruitment...

If it takes a village to raise a child, perhaps then it can also be said it takes a community to ensure seniors have adequate income to meet their basic needs. Jane Kali endorses this concept, and from her perspective, the larger national and provincial communities need to do a better job at addressing poverty in...

“Baby boomer women ­– the first generation to approach retirement age under these conditions – find themselves in the workforce well into retirement age and facing poverty rates close to 12 per cent.” – Jennifer Erin Brown  A recent report from the National Institute on Retirement Security (NIRS) concludes...