By all measures the private pension system in Canada is in difficulty. One estimate suggests that at the end of 2005 there were significant funding shortfalls in about three quarters of the traditional defined benefit pension plans that fall under federal jurisdiction in Canada. In order to discuss how vulnerable the current system is, to identify possible directions of reform, and to consider how to implement them, the conference on “Private Pensions and Income Security in Old Age: An Uncertain Future” brought together researchers, those who design and manage pension plans, and those responsible for pension policy, both from Canada and abroad. It was organized by the SEDAP Research Program and held in Hamilton, Ontario, in November 2006. This paper summarizes the presentations that were given in 10 conference sessions, covering issues such as pension regulations, poverty and income security in old age, policy options, reform obstacles, and international perspectives. Many of the conference presentations, including tables and graphs, are available on SEDAP’s website
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Find related papers by JEL classification: G23 - Financial Economics - - Financial Institutions and Services - - - Pension Funds; Other Private Financial Institutions G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation H55 - Public Economics - - National Government Expenditures and Related Policies - - - Social Security and Public Pensions I38 - Health, Education, and Welfare - - Welfare and Poverty - - - Government Programs; Provision and Effects of Welfare Programs J14 - Labor and Demographic Economics - - Demographic Economics - - - Economics of the Elderly; Economics of the Handicapped J32 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Nonwage Labor Costs and Benefits; Private Pensions J26 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Retirement; Retirement Policies
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