November 26, 2013
The Organization For Economic Co-operation and Development (OECD), usually a touchstone for right-wing economic policy wonks, has published a report that warns of the growing crisis facing Canada’s retirees and soon-to-be retirees; it prescribes a remedey that they won’t much like. Usually, retirement income is drawn from public pensions such as Old Age Security (OAS) and the Guaranteed Income Supplement (GIS), the Canada Pension Plan which is created by worker and employer contributions, and private income that includes savings and revenue from workplace pension plans. Employer sponsored pension plans are rapidly disappearing and income from OAS-GIS and CPP aren’t filling the resulting void. Click here for more…