A looming healthcare and senior care problem, and alarmingly low average private sector worker savings, have prompted the National Institute on Ageing (NIA) to propose a new pension plan model.
In a research paper by Ryerson University’s NIA titled Filling the Cracks in Pension Coverage: Introducing Workplace Tax Free Pension Plans , Dr Bonnie-Jeanne MacDonald called for the creation of workplace Tax Free Pension Plans (TFPPs) to better support financial security in retirement for those who need it most.
Just like a TFSA, which is used for personal savings, the NIA’s director of financial security research believes the same option could […]
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