Mercer | MMGPI 2015 Results for Canada


Canada’s retirement income system comprises a universal flat-rate pension, supported by a means tested income supplement; an earnings-related pension based on revalued lifetime earnings; voluntary occupational pension schemes (many of which are defined benefit schemes); and voluntary individual retirement savings plans.

The overall index value for the Canadian system could be increased by:

  • Increasing the coverage of employees in occupational pension schemes through the development of an attractive product for those without an employer-sponsored scheme
  • Increasing the level of household savings
  • Increasing the labour force participation rate at older ages

The Canadian index value increased from 69.1 in 2014 to 70.0 in 2015 primarily due to recognition of a minimum access age partly offset by a decrease in the sustainability sub-index score.


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