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Searching for: researcher is "canadian federation of independent business (cfib)"

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Gap between public and private sector retirement and pensions widening
Gap between public and private sector retirement and pensions widening
Canadian Federation of Independent Business (CFIB)
17 Jan 2007 Canada Scheme Issues & Trends, Occupations/Industry Sectors
There is a widening gap between Canada’s public and private sectors in terms of retirement trends and pension plans, according to a new position paper, titled Canada’s Pension Predicament, released by the Canadian Federation of Independent Business (CFIB). The research shows that since the late 1980s, the public sector has driven the early retirement trend. The proportion of early retirees within the public sector was around 56% in the year 2005, while in the private sector it was just over 33% and for self-employed individuals it was well below the public sector rate at only 20%. "We are on our way to a two-tier retirement system," said CFIB president Catherine Swift. “In researching this issue, it became obvious that those of us who work in the private sector will not have the same means to retire as our counterparts in the public sector, and to add insult to injury, we are subsidising their retirement lifestyles.”

More details are generally available exclusively to subscribers of Perspective, the electronic pensions legal & regulatory information and news service. To read the summary, subscribers should launch Perspective and navigate via the Table of Documents to PensionSurveys >> Jan 2007 or click here (this link will not work in all circumstances). For further information about Perspective click here.

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