Despite coming improvements to public pension plans, Canada will still be about 10 percentage points behind the average net replacement rate for the typical worker across Organisation for Economic Co-operation and Development countries.
Future OECD average replacement rates for the full-career, average-wage worker will reach 63 per cent, according to the organization’s annual report on pension systems around the world. Canada, the report noted, will reach 53 per cent as a result of the various pension reforms the country is undertaking,
Read: A look at how different countries deal with discount rates in pension plans The report placed Canada among […]
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