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The Third Rail

Saving Canada's Pension System
Dec 08, 2013araby1 rated this title 4 out of 5 stars
This is a short book that gives a good overview of proposed changes that are in store for pension plans in Canada. What it does not do is give any ideas on how to maintain a comfortable standard of living for seniors facing declining pension income. While the proposed changes may save underfunded pension plans, the benefits paid out will be a faint shadow of what was originally promised to millions of retirees. I believe that the only solution is a return to reasonable interest rates of around 5% on bank deposits.