Step #2: Making a Case for Secure Pension Income
Canadians encounter financial risks during their post-employment years that could derail their retirement — particularly from investments, inflation, health and longevity. In Step #2 of the CPP/QPP paper series Making a Case for Secure Pension Income, Dr. Bonnie-Jeanne MacDonald, Director of Financial Security Research for the NIA, and co-authors Doug Chandler and Alyssa Hodder, Associate Fellows for the NIA, explain how delaying CPP/QPP benefits can help address these major areas of financial risk in retirement and the value of secure pension income.
Step #2 supports and empowers those in a position to guide the financial decision-making of retiring Canadians. It offers a more holistic approach to explaining the risks Canadians will face in retirement and the key advantages of having more secure, lifelong retirement income. This includes greater peace of mind, better health, less burden and responsibility on the shoulders of older Canadians and their families, a license to spend more freely and joyfully in retirement, and a barrier against financial exploitation.
