PEN­SION TEN­SION

ZOOMER Magazine - - ACTION -

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.

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