Difference can amount to a 13 percent bigger pension at retirement.
Pensions and Retirement Security
Many Canadians living pay cheque to pay cheque and unable to save, faced with the prospect of working longer before retirement.
The percentage of the labour force covered by a pension plan declined, from 34% in 1999 to 33% in 2009.
The new agreement maintains the defined benefit pension plan for current Air Canada workers.
The CPP Fund's assets reached a record high of $148.2 billion at the end of its fiscal 2010. That surpassed a previous high of $127.7 billion in June 2008, months before the onset of the global financial downturn.
Participation of women in pension plans continues the trend upward which began in 1998.
The evidence clearly demonstrated that the government was required to and did put aside real funds to deal with its pension obligations, along with funds collected from plan members' contributions.
The full name is now the Healthcare of Ontario Pension Plan
Among retired people with debt, 17 percent owed $100,000 or more.
Main split on pensions comes down to continuing to rely on a failed private sector model, or improving and expanding our public pension system.