Bringing innovation to Canada’s retirement-income security system
Many of the foundations of Canada’s system for retirement-income security were laid years or even decades ago, when retirees as a whole had more supports in their post-work years, and goods and services were comparatively more affordable.
The National Institute on Ageing (NIA), which has a mandate to improve the lives of older adults and the systems that support them, recognized the need for a centre dedicated to enhancing retirement income security for Canadians and bringing innovation to structures that in many ways don’t reflect today’s realities.
That new centre is the Pension Centre of Excellence (PCE), launched earlier this year and now progressing with its work.
“The Pension Centre of Excellence represents a significant step forward in addressing the critical retirement challenges faced by Canadians,” says Dr. Bonnie-Jeanne MacDonald, co-lead of the PCE and director of financial security research for the NIA.
