PENSION TENSION

4.2 million Canadians have defined benefit pension plans. 1.3 million are privately funded Canadian pension plans are generally healthy. Most plans are at least 85 per cent funded However, if a company declares insolvency or becomes bankrupt, these pension plans could be put at risk Canada lags behind the U.S., U.K. and EU when it comes to protecting pensioners from financially distressed employers Speak up for pensioners! CARP is also running an online petition called Put Pensioners First. Sign it at www.carp.ca/pensioners.