Some Thoughts on Adjustment for Older Workers

The expert panel on older workers appointed by the Minister of Human Resources and Social Development has released a short discussion paper. http://www.ow-ta-sec.org/en/consultation/discussion_paper.shtml The background to this panel (promised in the 2006 Budget) was a political push in 2005 for an income support program for displaced older workers – a particularly hot topic in Quebec and, increasingly, in Ontario given […]

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Retirement – Ready or Not?

http://research.cibcwm.com/economic_public/download/srpt_rrsp_022007.pdf An interesting piece on retirement savings from CIBC. It highlights the huge increase in unused RRSP contribution room in recent years, and the widening contribution gap between higher and lower income Canadians.  As of 2005, the median total asset value of RRSPs held by pre retirement persons aged 55-65 was just $60,000 – hardly enough to secure a decent […]

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Demographic apocolypse 2020?

Pierre Fortin, who I usually find to be an interesting economic commentator on public policy issues, makes the case for demographic apocolypse. i used to share that fear, but I’ve done some number crunching on this issue in the BC context (i.e. more seniors than the national average) and am not convinced that the problem is as large as Fortin […]

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