Less than half of non-retired Canadians have workplace pension plan: report

Majority of Canadian Workers Lack Employer Pension Coverage, Report Says

Fewer than half of employed Canadians have a workplace pension plan, a new survey says. IG Wealth Management’s annual retirement study found that 48 percent of non‑retirees have a pension plan through their employer. IG said the findings reflect a “generational shift” as large employers continue to phase out pension plans. That shift began three decades ago, resulting in a greater number of Canadians lacking the same level of guaranteed income a…

Less than half of non-retired Canadians have workplace pension plan: report

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Annual IG Wealth Management Retirement Study: Decline in Guaranteed Employer Pensions Leaving Many Canadians Underprepared for Retirement

/CNW/ - According to IG Wealth Management's (IG) annual retirement study, a major generational shift is re-shaping how Canadians approach retirement – and many...

Decline in guaranteed employer pension plans leaving many Canadians unprepared for retirement

A major generational shift is re-shaping how Canadians approach retirement – and many are struggling to keep up, according to IG Wealth Management’s annual retirement study. Around 30 years after large employers began phasing out defined benefit (DB) pension plans, today’s Canadians are heading into retirement without the same level of guaranteed income of previous generations. Less than half (48 per cent) of non‑retirees have a workplace pensio…