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Concrete policy steps could address issues with Canada鈥檚 pension system
Published: 2 July 2025
A well-designed pension system brings enormous social and economic values to its members and to society as a whole. Unfortunately, Canada鈥檚 doesn鈥檛 stand out. A 2024 report from Mercer ranks it just 18 out of 48 countries. In thefutureeconomy.ca, Prof. Sebastien Betermier proposes three measures that could help improve it by:
路 Ensuring there are stronger guardrails to keep pension funds operationally independent
路 Creating a country-wide common set of standards and regulations to improve private sector pension coverage
路 Encouraging jointly sponsored pension plans to that allocate risk across a broader membership base, rather than just a single employer
