Retirement Incentives Contained in Occupational Pension Plans and Their Implications for the Mandatory Retirement Debate

James Pesando and Morley Gunderson ()

Canadian Journal of Economics, 1988, vol. 21, issue 2, 244-64

Abstract: The authors find, for the most prevalent type of pension plan in Canada, that plan provisions are not a close substitute for mandatory retirement. Special retirement provis ions, which have a strong potential to discourage work, typically do not come into play before age sixty and are far from universal. The p ostponed retirement provision that has the greatest potential to disc ourage work beyond age sixty-five has been deemed an unacceptable sub stitute for mandatory retirement in those jurisdictions (Quebec, Mani toba, Government of Canada) which have banned mandatory retirement.

Date: 1988
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