Pension Plans

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• Defined Benefit

• Defined Contribution

• DB versus DC Pensions

Formal pension coverage is on the decline in Canada. According to the Association of Canadian Pension Management, only 26% of private-sector workers are enrolled in a registered pension plan. In the public sector, 84% of workers are covered. Overall coverage has declined from 46.2% of workers in 1977 to 38.5% in 2005.^[1]

References

1. ↑ Association of Canadian Pension Management, Delivering the Potential of DC Retirement Savings Plan, May 2008, p. 3.