The country’s finance ministers are preparing to consider options for a modest expansion of the Canada and Quebec Pension Plans.
But a new study says unless policy-makers are willing to think outside the box, those reforms will be of little help to the next wave of retirees.
It adds current proposals assume any future benefit enhancement must be fully funded, and thus would be phased in over the next 50 years—this means any alternations won’t address today’s projected gaps in retirement income. Read more.
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