Worrisome News On The Pension Front

Conspiracy theorists must wonder whether there is a link between the movement to eliminate mandatory retirement in those provinces that still permit it and the worrisome news that many company pension plans are in serious financial difficulty.

Letting a worker decide whether to retire at 65 rather than being forced to by a blanket company policy is clearly a good thing. Not so good is the news that Canada’s corporate pension plans are underfunded by $250 billion. Pension experts warn that some plans will simply collapse — and with them the retirement plans of affected workers.

Get your FREE trial now!

Start your free 14-day trial now to read this story and

Make. Work. Better.

Already a subscriber?

Reuse and Permissions: Unauthorized distribution, transmission, reuse or republication of any and all content is strictly prohibited. To discuss re-use of this material, please contact: copyright@yourworkplace.ca ; 877-668-1945.

Sheldon MacNeil