Modernizing Private Pensions: Canada Responds to a Global Challenge

9 Pages Posted: 30 Oct 2009

Date Written: October 13, 2009

Abstract

The ongoing transition of the Canadian pension system offers valuable lessons for the rest of the world. Improving the voluntary and contractual retirement saving arrangements that constitute the private pillars of the system requires recognition among policy makers and the public that shoring up current defined benefit plans is an inadequate response to the financial crisis and economic slump. Improving capital accumulation plans, and more importantly, fostering new large-scale hybrid plans, offer a better foundation for the future.

Keywords: Pension Fund, Pension Policy, Private Pensions, Retirement, Retirement Saving, Saving

JEL Classification: 10.3138/rijpm.2.2.50

Suggested Citation

Robson, William B. P., Modernizing Private Pensions: Canada Responds to a Global Challenge (October 13, 2009). Rotman International Journal of Pension Management, Vol. 2, No. 2, 2009. Available at SSRN: https://ssrn.com/abstract=1493330 or http://dx.doi.org/10.2139/ssrn.1493330

William B. P. Robson (Contact Author)

C.D. Howe Institute ( email )

67 Yonge Street
Suite 300
Toronto, Ontario M5E 1J8
Canada
416-865-1904 (Phone)
416-865-1866 (Fax)

HOME PAGE: http://www.cdhowe.org

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