Nine million Canadians have no retirement savings, and many employees overestimate what CPP and OAS will actually cover. This episode breaks down Canada’s three retirement pillars and explains how employers can help close the gap.
What You Will Learn:
- Why CPP and OAS were never designed to replace 60–70% of income.
- The difference between maximum and average CPP benefits.
- Why personal and workplace savings remain essential.
- How employer matching, auto-enrollment, and lower fees can improve retirement readiness.
- How education and multilingual support can help newer Canadians and first-time savers.
- Why high-income employees may need supplemental retirement plan design.
Helpful Reference Links:
- Canada Pension Plan in MSCA – Canada.ca
- Canadian Retirement Income Calculator
- Get smarter about money
On this Episode:
- Carolyne Eagan, Benefits Alliance
- Rahim Peera, Penmore
- Edward Sabat, The Consulting House
- Noah Bucholtz, PPF Benefits & Retirement
Listen Now: BA Voice Episode #56:
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