Public and Private Pensions in Canada : An economic analysis / J.E. Pesando, S.A. Rea, Jr.

Format:

Book

Author/Creator:

Pesando, James E., Author.

Rea, Samuel A., Jr., Author.

Series:

Ontario Economic Council research studies ; 9.

Heritage

Language:

English

Subjects (All):

Old age pensions--Canada.

Old age pensions.

Canada--Officials and employees--Pensions.

Canada.

Genre:

Electronic books.

Physical Description:

1 online resource (185 pages) : illustrations.

Place of Publication:

Toronto : University of Toronto Press, [2019]

Language Note:

In English.

Summary:

From the back cover: At current contribution rates, the investment fund of the Canada Pension Plan will be exhausted before the end of the century. At an inflation rate of 8 per cent, the real value of today's private pension will be cut in half every ten years. The implications of these and related problems are explored in this study of public and private pensions in Canada ... This incisive analysis pinpoints the inadequacies of current provisions for retirement income and outlines the direction planning must take if the intentions of pension programs are to be fulfilled. The authors' conclusions have wide-ranging social implications which must be considered by anyone involved or interested in the making of public policy.

Contents:

Frontmatter

Contents

Acknowledgments

1. Introduction

PRIVATE PENSION PLANS

2. Vesting, portability, and locking-in

3. The impact of inflation: the pre-retirement years

4. The impact of inflation: the post-retirement years

PUBLIC PENSION PLANS

5. Canada's public programs for the aged

6. The financing of public pension plans

7. Distributional impact of Canada's retirement income programs

8. Incentive effects of public retirement programs

9. Summary and conclusions

APPENDIX A. Inflation and the rates of return on bonds and equities: some Canadian evidence

APPENDIX B. The life simulation system

Glossary

Bibliography

Notes:

Includes bibliographical references (pages [179]-185) and index.

Description based on online resource; title from PDF title page (publisher's Web site, viewed 26. Nov 2019)

ISBN:

1-4875-8003-7

OCLC:

1129183926