Canadian Pensions

1. Pension Inequality

1.1. -only 40% of Canadian workers have a pension -the rest of the population must choose between a registered retirement savings plan or other investment options to be able to retire     -most Canadians have intensely low savings, causing their standard of living to have an extreme drop once retired

2. Inflexibility of Pensions

2.1. -pensions began to be offered following the second world war                                                       -works & employers payed set amounts into a fund that guaranteed a fixed pension cheque                                               -pension guarantees are becoming unsustainable due to (investment uncertainty, demographic pressures etc.)

3. Demographics

3.1. -Canada has a massive amount of people in the workforce