Only 25 per cent of those who work in the private sector have a pension. – 123RF Stock Photo The aging of the population is about to expose another problem: Given growing life expectancy, many Nova Scotians are not financially prepared for retirement.
Most Canadians are on their own for retirements. In Canada, only 34 per cent of the workforce has employer-sponsored pensions (38 per cent in Nova Scotia). The rest of Canadians must save for retirement or depend on the Canada Pension Plan (CPP) and/or Old Age Security (OAS).
While CPP is healthy in terms of sustainability at current payouts, […]
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