old age security – Benefits Canada.com

Liberals unlikely to pursue super-priority for pension plan members: expert

bwolfe — Fri, 24 Sep 2021 13:00:40 +0000

While a re-elected Liberal government may introduce some measures to protect private pension plan members, it’s unlikely to pursue super-priority similar to what was proposed by the Conservative Party and the New Democratic Party on the federal election trail, according to a pension lawyer. “I think that there may be some measures to address the […]

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Indigenous, racialized seniors have less retirement security: report

bwolfe — Wed, 16 Jun 2021 13:00:39 +0000

Indigenous and racialized seniors have less retirement security and higher poverty rates than white seniors in Canada, according to a new report by the Canadian Centre for Policy Alternatives. Based on data from the 2016 census, the report found Indigenous seniors have an average income of $32,200 and a poverty rate of 21.5 per cent, […]

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New longevity pension fund offers decumulation option for plan sponsors

bwolfe — Mon, 07 Jun 2021 13:00:28 +0000

Purpose Investments Inc. is introducing a new longevity pension fund, which invests 50 per cent in equities and 50 per cent in fixed income. It can be incorporated into a defined contribution plan to provide plan members with an in-plan decumulation option, says Pat Leo, vice-president of retirement solutions at Purpose Investments, noting investors can redeem […]

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Should social security benefits be considered when looking at wealth inequality?

mschmit — Tue, 27 Oct 2020 08:29:09 +0000

People often discuss the wealth gap between the top one per cent and the rest of the population, but measures of wealth inequality don’t consider social security retirement benefits. A new paper by Sylvain Catherine, an assistant professor of finance at the Wharton School of the University of Pennsylvania; Max Miller, a PhD candidate in […]

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Feds Reject Retirement Eligibility Age Recommendation

mschmit — Wed, 08 Feb 2017 11:07:45 +0000

Government flat out declines Liberals' economic advisory council suggested age raise.

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