PENSION REFORM IN CANADA

Hot Button Issue Yields PRPPs, But Doesn’t Quell Debate

Pension reform has become a hot button issue for Canadians over the past several years, yielding a number of complex issues and problems, some of which are very deep rooted. “I think if we just look at the demographics and changing landscape of the retirement system in Canada over the past 40 years [things are] coming home to roost right now,” says Cary List, CA, CFP, president and chief executive officer of the Financial Planning Standards Council in Toronto.

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In this BLOG we will look at pensions and their impact on what are called Public Private Partnerships or P3’s.  IT will also deal with other pension matters, such as Defined Contribution Plans (DC) vs Defined Benefit (DB) PLANS, the weakness in private plans, the need for pension reform in public pensions to have shareholder rights, directorships and ethical investment directives and policies.