17 08, 2020

Pensions preferred over higher pay

2020-08-17T12:26:51-07:00August 17th, 2020|Categories: Defined Benefit Plans|Tags: , , |

Eighty per cent of Canadians would rather have a better pension plan, or any pension plan, instead of a higher salary, according to a new survey. “[This idea that] people would actually forego some salary increase to get a higher pension is something that I think surprises, just the level of commitment to that,” says Jim Keohane, president and CEO of the Healthcare of Ontario Pension Plan (HOOPP) in Toronto, which commissioned the survey. The 80 per cent is [...]

27 03, 2019

29% Of U.S. Workers Have No Pension Or Retirement Savings Plan

2019-03-27T15:38:16-07:00March 27th, 2019|Categories: Retirement|Tags: |

Twenty-nine percent of U.S workers between 55 and 64 years old have no retirement savings or pension plan, according to a report by the U.S Government Accountabilty Office. The report also found that 48 percent of pre-retirees have no IRA or 401(k) savings plans, while 20 percent have only a defined-benefit pension plan. The report represented a slight improvement in U.S. workers' retirement readiness from a similar study done in 2015, when 52 percent were reported to have had [...]

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