The Canada Pension Plan’s Evolving Contribution to Retirement Income Adequacy
What does it mean to be a super-aged society? For Canada, that question will soon demand an answer. By 2030, Canada will join Japan, Italy and Germany in transitioning to a super-aged nation, where more than one in five citizens are over age 65. It won’t be alone. This same demographic shift is set to play out across advanced economies, reshaping labour markets, fiscal policies and social contracts.In a joint report from CPP Investments Insights Institute and the NIA, the study finds that the Canada Pension Plan (CPP) is well-positioned to support Canadians’ retirement security as the country enters a period of rapid population ageing.
