An independent think tank dedicated to economic progress in Atlantic Canada.

Trends in Seniors' Income and Pension Coverage in Atlantic Canada

July 9, 2009

The incomes of Atlantic seniors have risen in real terms over the last few decades but the risks to future incomes of seniors are also increasing, as seen in last year’s steep drop in equity markets which reduced the value of pension assets and retirement savings. Other risks facing seniors' incomes include declining private sector pension coverage, a continuing shift to defined contribution schemes and low contributions to RRSPs. Seniors are compensating for the drop in planned pension income by delaying full retirement, with labour force participation rates of those aged 65-69 more than doubling in Atlantic Canada since 2001 from 6.8% to 15.6% in 2008. This Report Card discusses factors affecting seniors' retirement incomes and examines trends in pension coverage in Atlantic Canada.

Publication Files

July 9, 2009

Trends in Seniors' Income and Pension Coverage in Atlantic Canada

 

$10.00

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