The Canadian government's proposal for its new hybrid pension plan is receiving mixed reviews, with some pension experts in favor and labor groups opposed.
Kevin Sorensen, the federal minister of state for finance, unveiled the Target Benefit Plans during a keynote address to the Economic Club of Canada on Thursday, reported the Toronto Star.
"Target Benefit Plans are a new, innovative proposal that will help support affordable and sustainable pensions for Canadians," he said.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
