Everything Old Is New Again: A Reflection on the State of the Defined-Benefit Pension Plan

Brian A.P. FitzGerald

Canadian Public Policy, 2008, vol. 34, issue s1, 23-28

Abstract: Workplace pension plans have always been an important part of the Canadian pension system. The introduction of the Old Age Security Act in 1951 and the Canada/Quebec Pension Plans in 1966 was intended to supplement r ather than replace such plans. While workplace pension plans grew substantially in size and number throughout most of the twentieth century, in the 1990s they began to decline. This paper argues that it is time for pension stakeholders to come together to develop a national policy for pensions that will stem the decline and restore the former health of workplace pension plans.

Date: 2008
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