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.

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