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charting retirement

Charting Retirement is a weekly snapshot of retirement-related data.

Pension coverage in the workplace has always been poor for private-sector workers. It peaked at 31.7 per cent in 1982 and has trended downward ever since. Coverage may fall further after 2025, when higher CPP contribution rates are fully in place. The uptick in 2020 may be a temporary COVID-19 effect, as many low-paid jobs vanished. Coverage in the public sector, which is not shown below, is close to 100 per cent. (Source: Statistics Canada)

Frederick Vettese is former chief actuary of Morneau Shepell and author of Retirement Income for Life.