The current “jumble” of supplemental pension options is failing millions of Canadian workers and must be revamped into a coherent system that will allow them to build better retirement nest eggs, says Keith Ambachtsheer, one of the country’s leading authorities on pensions.
Ambachtsheer, director of the Rotman International Centre for Pension Management at the University of Toronto, says federal and provincial political leaders must come up with a concrete plan around which the country can rally.
“The time has come to turn our current supplemental pensions jumble into a coherent system with a clear goal and a clear plan to achieve it,” he said in a report released Thursday.
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