Retirement crisis looms on horizon

‘Precarious’ work, fewer pensions, rising debts contribute to lack of savings: Experts
By Sarah Dobson
|Canadian HR Reporter|Last Updated: 12/12/2016
There’s an argument to be made for mandatory pensions, said experts at a recent conference in Toronto looking at the evolving nature of retirement. Credit: Carlo Allegri (Reuters)

While the fact that people are living longer is of course a trend to celebrate, there are still challenges for a society with an aging population. And one of the biggest is retirement income security, as fewer people are saving what’s needed, workplace pensions are on the decline, and debt levels are rising.

But employers can still play an important role, according to experts speaking at a recent conference in Toronto.

Changing environment