Retirement Security for Everyone

Over the past year, Canada has been hit hard by the deepest economic downturn the world has seen since the 1930s. Hundreds of thousands of good-paying jobs have been lost and the retirement savings of countless Canadians put at risk by the financial meltdown and corporate bankruptcies.

Many today, even those with jobs are wondering if and when they can ever retire. They have good reason for concern.

Recent events have exposed major faults in our pension system. Our public pensions - Old Age Security (OAS) and the Guaranteed Income Supplement (GIS) plus the Canada Pension Plan - provide a secure income in retirement. But even the maximum value of those pensions falls far short of what people need to maintain a decent standard of living after retirement.

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