Sebastien Betermier on Bolstering Canada's Retirement System

Sebastien Betermier, Associate Professor of Finance, Desautels Faculty of Management at McGill University and Executive Director of the International Centre for Pension Management (ICPM) published a comment on how to build a stronger and smarter retirement system in Canada: A well-designed pension system brings enormous social and economic value to its members and society as a whole. Retirees have a reliable source of income during retirement when they are elderly and vulnerable. Retirees are also more inclined to spend and contribute to a healthy economy when they can rely on a steady income source. In addition, a well-capitalized pension system encourages disciplined savings from an early age, which can lead to significant wealth accumulation over the life cycle and lower financial stress. These savings are invested in businesses, real estate, and infrastructure projects, which further contribute to a healthy economy. Unfortunately, Canada’s pension system does...